I'm posting this review here on yelp w hopes of someone possibly directing me where else to take this complaint. After searching the internet for "pnc mortgage reviews"it appears as though there are tons of ppl in the same situation as my wife & I. I should've searched the net prior to dealing w/ them.
In August we found a house in NJ that we wanted to buy. We made an offer which was accepted. Our real estate agent referred us to Wells Fargo for a mortgage, unfortunately the home appraisal from Wells came up about $30k short, our Wells rep said Wells is being overly conservative bc of all the nonsense occurring a few years ago, he said he can refer us to a former colleague @ PNC who should be able to wrap up the loan quickly.
We spoke w Bianca Dalessio from PNC, we were able to get her most of the docs from Wells so we figured this would be 1-2-3 done. She assured us she can get us the appraisal we needed which she did, w were psyched, we were given a closing date of Nov.4th @ noon, we got our home insurance, put gas, elec. & water in our names and began packing.
Nov 3rd 1:00 (less than 24hrs from closing) I get a call from bianca, apparently there were 2 problems causing us to have to cancel the next day's closing. #1 they never asked us to sign the contract #2 a large sum of $ that was given to us by my wife's father as a wedding gift (we were married 10/8) could not be used bc it wasn't in our acct 60 days. This is $ we needed to close. bianca tells us come to the office on saturday 11/5 so she can set us up w a equity line of credit to cover the $ from my wifes dad, we oblige and get approved.
Now we are in a mad rush to close by 11/8 before the loan expires. On 11/7 they tell us the $ from father in law has to be viewed as a debt although it is cash $ sitting in acct. We also now have the debt from the equity loan, now our debt to income is too high, they can't give us the loan unless we come up w more $ & we need to pay and close all our credit cards. We temporarily borrow $ from my grandmother & have her sign a gift letter to offset the $ from father in law, we get 3 credit card statements together & prepare to pay and send all info to PNC.
Now PNC wants my father in law's bank statements to see where the gift $, which they are not going to use & are considering a debt came from. Again we oblige, now they start questioning certain deposits he made.
We got to the point where we told them "cancel the loan", we have near perfect credit, minimal debt & $ for a down payment, this whole ordeal w this bank went on over 6 weeks w no results.
We are now dealing w bank #3, God willing it will all work out from here.
A word on bianca, I compare her to a cute grandmother type, she's kind of whacky & emotional. She's always changing around information and is never capable of giving answers with the exception of, "these things happen"....
If you are preparing to take a loan of any sort, search the net for reviews on the particular bank prior, i was surprised at the amount of horror stories I found.
Beware, beware, beware read more