Complaints

This profile includes complaints for American Financial Network Inc's headquarters and its corporate-owned locations. To view all corporate locations, see Find Local Branches.

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  American Financial Network Inc

  10 Pointe Dr Ste 330 Brea, CA 92821-7620

• 

  American Financial Network Inc

  155 N Riverview Dr Anaheim, CA 92808-1225

• 

  American Financial Network Inc

  15991 Red Hill Ave Ste 230 Tustin, CA 92780-7331

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  American Financial Network Inc

  16150 N Arrowhead Fountains Ctr Dr Ste 190 Peoria, AZ 85382-4752

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  American Financial Network Inc

  17505 N 79th Ave Ste 214 Glendale, AZ 85308-8728

The complaint text that is displayed might not represent all complaints filed with BBB. Some consumers may elect to not publish the details of their complaints, some complaints may not meet BBB's standards for publication, or BBB may display a portion of complaints when a high volume is received for a particular business.

• Initial Complaint

  Date:06/18/2024

  Type:Order Issues
  Status:

  AnsweredMore info

  Complaint statuses

  Resolved:

  The complainant verified the issue was resolved to their satisfaction.

  Unresolved:

  The business responded to the dispute but failed to make a good faith effort to resolve it.

  Answered:

  The business addressed the issues within the complaint, but the consumer either a) did not accept the response, OR b) did not notify BBB as to their satisfaction.

  Unanswered:

  The business failed to respond to the dispute.

  Unpursuable:

  BBB is unable to locate the business.

  My seller has had his home off the market for 3 months waiting for this lender to get a clear to close to the buyer. After being lied to on several occasions by the loan ******** ******* the buyer was finally provided the Loan disclosures as well as closing disclosures. These documents were signed and sent back to the lender and we were to receive the clear to close the next day. We then hear there are additional conditions that have to be met, this is after all loan disclosures have gone out. I, the seller, the buyer and the buyer's agent tried reaching ****** to no avail. He would never answer the phone and it took me calling him from an unrecognized number for him to answer. I asked him what the status update and he told me there were additional conditions and that we should be receiving the clear to close in a couple days. I then asked him why it was taking so long, to get a residential loan that had already been provided loan disclosures, to close and that I had never had a residential loan take this long. I also stated that we would need a true and accurate closing date as we had been provided inaccurate information in the past. A few minutes later the buyer's agent calls me to tell me the buyer was just informed she would need a co-borrower. I feel like this was in retaliation to the conversation that I had with ****** about his lies and stringing everyone along. This company is a joke. I tried calling their corporate office on several occasions and I always get "this the receptionist desk, and no one was at the desk or busy with client" no matter what options I pushed this was the same message. Someone owes the buyer and the seller an explanation. Lots of time and money were lost in the process and the seller could have sold his home to someone else in the time it had taken for us to get the runaround, also the buyer could have sought other lending options.

  Business Response

  Date: 07/30/2024

  Dear realtor (for the seller),
  American Financial Network,Inc. (AFN) sympathizes with any frustration you *** have experienced as a third party to the loan application process. The loan officer does not believe he ever tried to avoid communications with you. He does not recall any missed calls that he did not return and were directed to his phone number. He is unsure if you *** have attempted communications to other persons that *** have not been returned. Nevertheless, AFN apologizes if any calls were not returned to you and would have involved a proper communication with a third party. We believe that the loan officer *** has clarity from the company on responding to inquiries. The status of the loan in our electronic records is listed as withdrawn by the applicant. Apparently the borrower did not meet conditions and AFN tried repeatedly to have them met. Ultimately, the borrower withdrew the loan application. If you have any further questions or concerns, please contact our legal department. We believe that you are already in touch with AFN legal and have contact information. Thank you for giving us the opportunity to better serve customers and where it is appropriate, third parties. 

• Initial Complaint

  Date:06/17/2024

  Type:Product Issues
  Status:

  AnsweredMore info

  Complaint statuses

  Resolved:

  The complainant verified the issue was resolved to their satisfaction.

  Unresolved:

  The business responded to the dispute but failed to make a good faith effort to resolve it.

  Answered:

  The business addressed the issues within the complaint, but the consumer either a) did not accept the response, OR b) did not notify BBB as to their satisfaction.

  Unanswered:

  The business failed to respond to the dispute.

  Unpursuable:

  BBB is unable to locate the business.

  Hello I received a letter about my condo Ref#***AB10868 NMLS#******. I called and got approved. I then waited days for the lender to e mail me so I could send over documents. After a week I contacted another representative ****, he gave me a email to send over tax returns. Again I am responding to a letter in the mail. It's been 2 weeks I've emailed **** to follow up and there still had been no response. SCAMMMMMMMMM SCAMMMMMMMM SCAMMMMMMM SCAMMMMMMM I have had all my information red flag so it there is any use of it the SCAMMERSSSSSSS will be PROSECUTED. If you recieve a letter I suggest look at the reviews 1st. I'm just reviewing them and it seems as if they're are many unethical things about this company. HOMEOWNERS BE AWARE

  Business Response

  Date: 07/12/2024

  Dear consumer, American Financial Network, **** ("AFN") sympathizes with any frustration you may have experienced related to your loan inquiry. Our understanding is that the AFN branch reached out to you directly to resolve this matter. According to the branch, unfortunately you did not qualify for the loan. ************** advised us that they tried calling you to inform you and they also sent you email. This was definitely not a scam and AFN is a reputable lender. We place a high value on customer service, and we generally receive positive feedback. We appreciate that you gave us an opportunity to look into this and have the branch resolve the issues. We wish you the best. 

• Initial Complaint

  Date:04/26/2024

  Type:Billing Issues
  Status:

  AnsweredMore info

  Complaint statuses

  Resolved:

  The complainant verified the issue was resolved to their satisfaction.

  Unresolved:

  The business responded to the dispute but failed to make a good faith effort to resolve it.

  Answered:

  The business addressed the issues within the complaint, but the consumer either a) did not accept the response, OR b) did not notify BBB as to their satisfaction.

  Unanswered:

  The business failed to respond to the dispute.

  Unpursuable:

  BBB is unable to locate the business.

  Loan Payment/Escrow Issues started 3/2/2024.Loan No. #********** New Loan No.# ********** Issue: AFN Transferred Servicing ******************** ******* within the company; internally. Statements reflect new payment with escrow which was paid in a lump sum to keep monthly payments the same. Have spoken to various AFN personnel to resolve issue, however to no avail. Personal check #**** (escrow payment) was received on 4/5/24 but to date statements do not reflect that. Monthly payments should be $802.79 and not $892.74. Last correspondence stated "failure to make your full mortgage payment by the end of this month may lead to adverse actions and credit rating being negatively affected".I have placed the calls; I have made my payments accordingly and on time, which I can prove. Now, I am the one to pay the consequences for their inefficiency in updating data and communications? I don't think so.

  Business Response

  Date: 05/29/2024

  Dear borrower,

  Customer service is extremely important to American Financial Network, **** (AFN) and we thank you for bringing this matter to our attention. Upon receipt of your complaint, AFN conducted a thorough review of the loan file and records. We determined that the subservicing of your loan was transferred on or about March 7, 2024. Prior to the transfer, an escrow analysis had been completed in sub-servicing, which indicated a shortage of $1,079.42. However, you paid the shortage on or about January 1, 2024 and the funds were applied to the shortage. The monthly payment should have been adjusted to $802.79 after taking into account your payment. When the loan was transferred to the current sub-servicer, your monthly payment was inadvertently shown in loan records as $892.74. AFN corrected this issue and adjusted your payment amount to $802.79. There were no late fees nor negative credit reports as a result of the above and/or your prior monthly payments this year. Nonetheless, AFN empathizes with any frustration or confusion you experienced. We do not believe this issue will come up again because our current sub-servicer has indicated that they will be very attentive to these types of issues. We thank you for obtaining a loan from AFN.

   

• Initial Complaint

  Date:02/29/2024

  Type:Product Issues
  Status:

  ResolvedMore info

  Complaint statuses

  Resolved:

  The complainant verified the issue was resolved to their satisfaction.

  Unresolved:

  The business responded to the dispute but failed to make a good faith effort to resolve it.

  Answered:

  The business addressed the issues within the complaint, but the consumer either a) did not accept the response, OR b) did not notify BBB as to their satisfaction.

  Unanswered:

  The business failed to respond to the dispute.

  Unpursuable:

  BBB is unable to locate the business.

  We began the Assumption process to sell our home in late October. We sent a request for assumption at that time. On 11/20/23 I called to get a status. I was sent form to complete to begin the process which I uploaded the same day. I called again on 11/28/24 for status. In December we received the packet for the buyers to complete which they sent signature req. which was received 12/29/24. I called back 1/18/24 for a status. They advised that they had sent the packet to my email. After much discussion stated that the packet had been received. No notes that it had been worked. A second set of conditions was received and returned which included multiple requests for documents submitted with the original packet. 2/13/24 we received notice of Servicing Transfer effective 3/4/24. I called 2/20/24 to see how this would affect the Loan Assumption. I found out that the transfer is between departments and not to an outside company. I called the new department who stated that I needed to call back after 3/5/24 for information. I sent an email on 2/23/24 directly to the assumption department requesting status and how the loan transfer would affect the assumption. I received an email stating that I can check status on 4/20/24. My buyers have been waiting for 5 months and now American Financial is saying that I can't even get status for another month. Please note that with each call the Rep stated that I would be contacted by the assumptions department within 5-7 days. I was never contacted. We are very concerned that the buyers are going to back out.

  Business Response

  Date: 03/08/2024

  Dear realtor,
  
  American Financial Network, **** (AFN) sympathizes with any frustration that the borrower experienced related to the assumption process. The borrowers assumption request was handled by our sub-servicer,Cenlar. According to ******* records, the assumption could not be completed due to missing documents. Our understanding is that the borrower was recently in contact with Cenlar about the specific missing documents. We apologize for any communications or interactions with Cenlar that fell below the high customer service expectations that ********************** expects. AFN has a new sub-servicer named Servbank. We will determine what was missing from the Cenlar submission and compare this to the new sub-servicers requirements. AFN will get back to you as soon as possible, which we anticipate will be next Wednesday (3/13/24). AFN will provide a complete list of what would be required for the assumption and an estimated time to complete the process. Although you are requesting $35,000 from AFN, we can never guarantee or promise that any lending transaction will close, including an assumption. AFN is not legally liable for a transaction that we did not consummate and we are unable to provide a monetary award. We wish the borrower the best and hope that we will be able to work with him on the potential assumption. If you have any questions, you are welcome to contact our legal department. 

• Initial Complaint

  Date:01/17/2024

  Type:Service or Repair Issues
  Status:

  AnsweredMore info

  Complaint statuses

  Resolved:

  The complainant verified the issue was resolved to their satisfaction.

  Unresolved:

  The business responded to the dispute but failed to make a good faith effort to resolve it.

  Answered:

  The business addressed the issues within the complaint, but the consumer either a) did not accept the response, OR b) did not notify BBB as to their satisfaction.

  Unanswered:

  The business failed to respond to the dispute.

  Unpursuable:

  BBB is unable to locate the business.

  Total cost ******* last payment of $686.49 on August 17th 2023. Reference number **********- Within 1-2 weeks of me purchasing a bedroom set. The wooden slates fully collapsed while laying in the bed. ( I've been having extreme neck, back, and hip pain since). I spoke with the company on 3 occasions, in regards to returning or exchanging for a better product that wasn't cheaply made. I reached out to the store and sent photos to ************) 1st they gave me an Iron frame that did not fit the bedroom set, because it was wooden and too SMALL. It looks horrible for me to have purchased this for over **** dollars. I spoke with a Representative with Financial via telephone and she advised me that someone would be reaching out to me by Friday August 18th, but no one reached out to me. They just took my money and left me with Damaged products cheaply made - not made to with stand a single person at 135 lbs in the bed. There in NO jumping or anything that would damage on my end. I had ASHLEY ********* FOR 6 YEARS WITHOUT IT BREAKING- PLEASE REPLACE OR PROVIDE A REFUND.

  Business Response

  Date: 01/22/2024

  Dear consumer, American Financial Network, **** ("AFN") sympathizes with the issues regarding your bedroom set. However, we absolutely assure you that our company had no involvement. AFN is a business that is solely involved in providing residential loans to borrowers. We do not make physical products, such as a bedroom set. We hope that you are able to find the correct business and that they promptly resolve the matter. We wish you the best. 

• Initial Complaint

  Date:11/23/2023

  Type:Order Issues
  Status:

  AnsweredMore info

  Complaint statuses

  Resolved:

  The complainant verified the issue was resolved to their satisfaction.

  Unresolved:

  The business responded to the dispute but failed to make a good faith effort to resolve it.

  Answered:

  The business addressed the issues within the complaint, but the consumer either a) did not accept the response, OR b) did not notify BBB as to their satisfaction.

  Unanswered:

  The business failed to respond to the dispute.

  Unpursuable:

  BBB is unable to locate the business.

  I originally hired AFN to assist in obtaining a mortgage. During the process I did feel comfortable with the service so I decided to go with another company. While working with AFN, I purchased a appraisal on the property I was purchasing and AFN received it. When I switched companies, I gave AFN a signed request to transfer the appraisal that I had paid for over to the new company. They stated they would not honor my request because they were upset that I went with another company. ************* their agent is intentionally trying to stop or interrup my loan process because he's angry. This company is extremely unethical.

  Business Response

  Date: 12/07/2023

  Dear former customer, 

  American Financial Network, **** ("AFN") sympathizes with your situation related to the appraisal.  Our understanding is that the AFN Branch Manager you referenced provided you with the appraisal report.  He denies stating that the appraisal would not be transferred.  With that said, unfortunately this loan file is involved in a legal dispute, which complicates the situation.  A former employee took the file to another lender in violation of written agreements between the former employee and AFN.  AFN needs to avoid any appearance that we condone the employee's conduct.  AFN also is unaware if there are any conditions that have changed and could impact the prior appraisal's findings.  A new, different lender has the ability to order a new appraisal, which would also consider any possible changes in conditions and make the report more current.   We are not responding here out of any negative feelings towards you.  In fact, we appreciate that you considered us as a lender.  AFN just needs to be aware of protecting its legal rights and ramifications related to the situation.  As a side note, AFN is not legally obligated to transfer an appraisal to another lender.  We hope that you understand our concerns and we wish you the best.  

• Initial Complaint

  Date:10/05/2023

  Type:Billing Issues
  Status:

  ResolvedMore info

  Complaint statuses

  Resolved:

  The complainant verified the issue was resolved to their satisfaction.

  Unresolved:

  The business responded to the dispute but failed to make a good faith effort to resolve it.

  Answered:

  The business addressed the issues within the complaint, but the consumer either a) did not accept the response, OR b) did not notify BBB as to their satisfaction.

  Unanswered:

  The business failed to respond to the dispute.

  Unpursuable:

  BBB is unable to locate the business.

  I have a new mortgage with the company I am attempting to get on budget billing every attempt has failed the lack of communication and knowledge is overwhelming. I actually paid 1 month ahead just to find out that the form could not be electronically signed. I filled out another form signed correctly and resubmitted it just to be told that now its too late to start budget drafting and I would have to pay November in order to start.I have been going through obstacles since I received the budget billing information in the mail. The company I lacked to provide proper information fans I have to come up with another full payment with no guarantee that something wont go wrong. I had to sacrifice a lot to pay two payments in one month to get o this program.

  Business Response

  Date: 10/13/2023

  Dear *************************************** **** ("AFN") sympathizes with your situation, and even though it was our sub-servicer that you interacted with about the budget drafting application, we apologize for any experience that fell below AFN's very high expectations for customer service. We thank you for speaking on the phone with us about the matter. Our understanding is that you are satisfied with AFN's response, including because we are addressing the issues with our subservicer that you interacted with regarding your budget drafting application. We thank you very much for obtaining a loan from AFN and bringing the issues to our attention.   

  Customer Answer

  Date: 10/13/2023

  
  Better Business Bureau:
  
  I have reviewed the response made by the business in reference to complaint ID ********, and find that this resolution would be satisfactory to me.  I will wait for the business to perform this action and, if it does, will consider this complaint resolved.
  
  Regards,
  
  ***********************
  
   
  

• Initial Complaint

  Date:04/14/2023

  Type:Billing Issues
  Status:

  AnsweredMore info

  Complaint statuses

  Resolved:

  The complainant verified the issue was resolved to their satisfaction.

  Unresolved:

  The business responded to the dispute but failed to make a good faith effort to resolve it.

  Answered:

  The business addressed the issues within the complaint, but the consumer either a) did not accept the response, OR b) did not notify BBB as to their satisfaction.

  Unanswered:

  The business failed to respond to the dispute.

  Unpursuable:

  BBB is unable to locate the business.

  I noticed I had late payments from AMFINNETWORK on my credit report. During these months I did not receive anything stating I was late. As you can see, majority of my payments have been on time so I am requesting the removal of these late payments from my account. I am trying to increase my score to purchase a home and would greatly appreciate if you guys can submit a request to the credit reporting agencies to remove the late payments.

  Business Response

  Date: 04/21/2023

  Dear ********,
  American Financial Network, **** ("AFN") sympathizes with your issue related to loan payments. Please be advised that this, as well as all other servicing-related matters, is being handled by a third-party servicer named Cenlar. To resolve this issue, you should contact Cenlar at one of their telephone numbers: ************ and ************. We cannot speak to Cenlar over the telephone about the payment issues because we do not have a required authorization form from you. Cenlar did advise us that they have escalated this matter internally so that they give you priority. If you are unable to resolve the payment or credit reporting issues with Cenlar, please feel free to call AFN's corporate office at ************. AFN corporate will direct you to someone who can try and provide further assistance. We thank you very much for your business and for obtaining a loan from us. 

• Initial Complaint

  Date:10/17/2022

  Type:Customer Service Issues
  Status:

  AnsweredMore info

  Complaint statuses

  Resolved:

  The complainant verified the issue was resolved to their satisfaction.

  Unresolved:

  The business responded to the dispute but failed to make a good faith effort to resolve it.

  Answered:

  The business addressed the issues within the complaint, but the consumer either a) did not accept the response, OR b) did not notify BBB as to their satisfaction.

  Unanswered:

  The business failed to respond to the dispute.

  Unpursuable:

  BBB is unable to locate the business.

  I have been attempting to contact AFN for the past 7 years about unwanted mailings. I have been flat out ignored since **************************************************************************** works. I was told on July 7th 2022, and I quote, "We are again sorry to hear about any past unwanted marketing communications. If someone miscommunicated our company's policies or violated them without our knowledge, we apologize to the extent it occurred. We certainly do not condone anyone being contacted by us who does not want to be contacted. Also, please be rest assured that today AFN's marketing department confirmed the persons who made the complaint are definitely on all of our do not contact lists (mail, email, and phone). The persons should not receive any further mailers, phone calls, or emails. If someone violates our policies and contacts them, they are welcome to reach out to us, and we will investigate and resolve the issue."That quote is on file with the BBB from previous encounters.They hang up when confronted about this and are very rude. I realize the BBB is worthless, but I feel the need to post this for others to see, both here, and sending info to the VA later this week. I am once again telling them to stop the s***

  Business Response

  Date: 10/19/2022

  American Financial Network, **** ("AFN") contacted the consumer directly for this matter. He provided us with a marketing mailer, which will help us track down the branch that sent it and tell them not to send any more mailers. The consumer is also still on AFN's company-wide do not contact lists (mail, phone, and email), which our branches are supposed to comply with. We truly hope that he does not receive any more unwanted marketing. We apologized to him about the situation. We told him that he can contact us any time if another issue comes up, which we hope does not occur. 

• Initial Complaint

  Date:08/31/2022

  Type:Product Issues
  Status:

  AnsweredMore info

  Complaint statuses

  Resolved:

  The complainant verified the issue was resolved to their satisfaction.

  Unresolved:

  The business responded to the dispute but failed to make a good faith effort to resolve it.

  Answered:

  The business addressed the issues within the complaint, but the consumer either a) did not accept the response, OR b) did not notify BBB as to their satisfaction.

  Unanswered:

  The business failed to respond to the dispute.

  Unpursuable:

  BBB is unable to locate the business.

  I applied to have my PMI dropped from my mortgage. Per their response I could choose to send in a check for $100 for a BPO or $325 for a full appraisal. I sent in the check for $325 with a letter requesting the full appraisal as well as the email with the full appraisal instructions highlighted. Today American Financial cashed my check and I received a call from the appraisal company to schedule BPO. That was not what I requested or paid for. I called them immediately and was told they do not offer phone support for that. I emailed them and have not received a response. I also emailed them a few days ago without a reply still. I have had the absolute worst customer service with *********************************************. I have spent hours on the phone with them every month because of constant errors. Please expedite a FULL APPRAISAL as already paid for and requested. Please contact me by phone.

  Business Response

  Date: 09/13/2022

  Our ******************** and **************** have been diligently working with the customer to resolve the issue. Legal has been communicating with the customer by phone, on a regular basis. We have discussed with him that AFN sold his loan to an investor and there is a third party servicer for the loan, named Cenlar. Although the complaint technically raises third *************, we care about trying to help our current or former borrowers, to the extent we can. Legal and Servicing at AFN have contacted Cenlar many times to advise them that the customer paid for an appraisal and that he should get an appraisal. Cenlar acknowledged that the customer did order an appraisal and that they would get one ordered. Cenlar also escalated this matter to their management. Based on ******** communications, the customer should be contacted about an appraisal soon. However, we will maintain contact with him until he is able to schedule the appraisal. We apologize on behalf of Cenlar for any misunderstanding or miscommunication.