Pnc refusing hasp 2nd lien subordination

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DHubie4

LoanSafe Member
Aug 25, 2010
130
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ANYONE ELSE HAVING A PROBLEM WITH THEM?? I have a borrower that has applied for Freddie's Hasp. All approved ready to go, and PNC is denying the subordination on the second because the CLTV is over 100%. Well, HELLOOOO.. That's why we're using HASP. I've had other banks subordinate with no problem. When the borrower called, he was told he had taken a draw against his line a month prior to this loan app, and they told him he should have known better!!! Excuse me, but no one revoked his line. He was well over 100% then as his is now. He was refused when asked to speak to a supervisor, and was basically treated poorly.

If anyone has any idea's please let me know!
 

Evan Bedard

Call 1-800-779-4547
Loan Safe Mortgage
Aug 26, 2007
18,837
48
48
San Diego, California
www.LoanSafe.org
ANYONE ELSE HAVING A PROBLEM WITH THEM?? I have a borrower that has applied for Freddie's Hasp. All approved ready to go, and PNC is denying the subordination on the second because the CLTV is over 100%. Well, HELLOOOO.. That's why we're using HASP. I've had other banks subordinate with no problem. When the borrower called, he was told he had taken a draw against his line a month prior to this loan app, and they told him he should have known better!!! Excuse me, but no one revoked his line. He was well over 100% then as his is now. He was refused when asked to speak to a supervisor, and was basically treated poorly.

If anyone has any idea's please let me know!
Here try contactin g the executive's office to better assist you on this:

[email protected]

Secretary for Phil Cunninham
[email protected]
937-910.4167
[email protected]
1-800-524-9995
VP-Hamp customer Service
[email protected]
937-910-3799

Manager Cust Advocate Group

[email protected]
937-910-4559