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North American Savings Bank / Refinance

1 Kansas City, MO, United States Review updated:
Contact information:

Began refinance with NASB and they initially requested my charge card for an application fee. They then charged me for an appraisal unbeknownst to me and without authorization or disclosure. The Godd Faith Estimate provided stated the appraisal was a closing fee, not a pre-paid fee and after the apparaisal came back with the info on the property, NASB said they don't like "special properties" as mine has 47 wooded acres in a rural no loan closed. Now I am trying to get my appraisal fee back. Also, they said they would lower the interest rate based on the 10 year treasury rate and when it got way down, NASB would not reduce my rate. They not work with these people for a refinance...period. You will hear everything you want and then poof, they won't loan you money. For those who doubt, understrand my FICO score is 795 and I make nearly $200K annually on a secure career...this was for a 250K loan!

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  • Ho
      12th of Jun, 2009
    0 Votes

    I had a similar experience with them. I was charged up front for a bogus appraisal. I am seeking legal counsel. DO NOT USE THEM - they give false promises to people who are hungry for a better mortgage situation. Instead, they take your money.

  • Jc
      21st of Jun, 2010
    0 Votes

    I have received a call from NASB, but have not responded. I don't think I will now. Thanks. /jc

  • Je
      25th of Jun, 2010
    0 Votes

    DO NOT USE THEM!!! they can not do basic math, all lies!!! Was told by them a FHA streamline was very easy and would take a couple weeks. It's been over a month and the figures keep changing! first my closing cost won't be over 1000 then on the day we were to close, oh sorry, closing costs are 3600!!! What??? then we asked about a credit, well we can do 1000 credit and raise your interest rate slightly, then all the sudden a change in the market. We can get this done for you. They said they re-did the figures and closing cost will be 1500, but you will get your esgrow refund too...well I just recieved an e-mail from Todd the person we have been dealing with and his calculations were off a little, again, you are to close tomorrow but the cost are now 2450, wow I am done with this place!!! WARNING STAY CLEAR!!!

  • Ma
      24th of Sep, 2010
    0 Votes

    I have used NASB to refinance two houses and they have followed through with everything they promised. Their closing costs are about a third of other lenders. They provided a good faith estimate that was so right on I couldn’t believe it. I will never use another mortgage company - ever. If I have any complaints it would be that they were so dam thorough. I have credit scores in the high 780s with nearly a six figure income, so I wasn’t used to so many questions and document requirements. I even had to prove that I wasn’t responsible for child support. So in the grand scheme of things, I appreciate a company that doesn't take unnecessary risks. WAY TO GO NASB - GREAT COMPANY TO DO BUSINESS WITH! I’LL BE CALLING YOUTHEM AGAIN SOON, IF RATES CONTINUE TO DROP.

  • Mt
      14th of Jan, 2011
    0 Votes

    To the original person who complained - Did you tell them that you had over 47 acres? That would be the first thing I would tell a lender because you should know that most lenders do not take more than 5 acres of land into consideration unless they do farms which NASB does not. Next, they collect an upfront fee for the appraisal because if you decide not to do the loan, guess who has to pay for the appraisal??? the loan officer who just spent all their time with you and then has to pay your appraisal!! Your appraisal is transferable. Just ask for them to transfer it to the lender you choose and you don't have to pay for it again. You can even get a colored copy!! To the person who complained about fees changing... with the new RESPA laws, your fees cannot change more than 10% on title fees if the lender chooses the title company. They cannot change more than a PENNY on their fees so you are either lying or don't know what your talking about. Your loan amount probably changed since application. Do you live in a state with transfer taxes? That affects your fees at closing. Were your taxes due? That is not NASB's fault. If you chose your own title company and the fees changed, that is not NASB's fault. It is impossible for the lender to change your fees by that much under the new RESPA laws without you knowing it and NASB wouldn't do it anyway. I'm sorry but it just drives me crazy when people don't read the paperwork that is sent to them that SHOWS you everything I just told you. "your entitled to a copy of your appraisal" "fees in this box cannot change" -- things like that are all over loan docs but people don't read them!!! J/C, how did another lender treat you?

  • 20
      7th of Mar, 2011
    0 Votes

    mtg Specialist. You are wrong about transferring your appraisal. Most lenders will not transfer appraisals. It depends on the type of loan and the age of the appraisal. I had to get two appraisals last year for two different lenders

  • Mt
      16th of Nov, 2011
    0 Votes

    2011 dfb - every lender I've every worked for or heard of in the last 15 years accepts transferred appraisals! if your appraisal is too old then yes, you will need a recertification of value and that will cost you an additional fee but that is your fault for waiting 120 days to find another lender. If you had a conventional appraisal and were denied, then you go to another lender and apply for a VA loan then yes, you will need an appraisal done by a VA approved appraiser. That can also be converted in most cases. Anyway, there is a lot of talk and blame going on on this website by people that don't seem to ask questions.

  • Di
      6th of Jul, 2016
    0 Votes

    Refinanced with NASB and they immediately sold o Wells Fargo. Now I get a nasty letter from Wells Fargo that my insurance had lapsed. My mortgage was set up with a prepaid escrow acct for insurance taxes etc. Now I am faced with dealing with Wells Fargo about he escrow. NASB offered no help in tracking down why it was not paid a Wells Fargo is threatening to replaced m insurance at my cost. BE Very CAUTiOUS

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