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RoundPoint Mortgage Company

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Reviews (5)

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Aug 25, 2016
Deceitful Practices
UkitenaJere Borrower

We had a very bad mortgage and the servicing rights were sold to Round Point from Flagstar Bank.  We went to court with Flagstar, Queens Park Oval Assets and Round Point in Houston, Texas for Statutory Mortgage Fraud and Wrongful foreclosure and won the case.  Round Point, Flagstar and Queens Park refuse to accept the judgement of the court which deemed the Deed of Trust, Mortgage and Promissory Note wer not enforceable and awarded the property to us.  The case was settled in April on 2014 and is now turned over to the Department of Justice.  Round Point is not a good company to do business with. 

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Aug 18, 2016
Avoid this company!!!
Anonymous Borrower

Avoid this company!!! My rental property’s mortgage was sold to this company, and they have been a nightmare to deal with from day one. We refinanced with a nationally known and reputable bank. I had no idea they would sell to such a horrible company that is notorious for mistakes and poor customer service. We've definitely learned a lesson with this refinance. Upon the sale, we received a letter requesting proof of insurance which we promptly provided. Weeks later we received another letter noting our failure to comply with their request. We called and were told that the insurance was never provided. We then again provided said insurance via email and fax. Again, we received another ‘failure to comply’ letter. Upon speaking to the fourth Roundpoint representative we were told that they needed the policy from our HOA because it was a townhouse. This detail was never detailed in the letters or previous conversations with Roundpoint representatives. I reached out to the HOA for exactly what I was told by the Roundpoint representative. Upon providing the updated information, I was told that there was specific language required and this would not suffice. Additionally I was told we had seven days to get the HOA’s insurance vendor to provide the updated certificate or else Roundpoint would purchase then back bill us for the coverage we already had and were desperately trying to provide. When I expressed my frustration with Roundpoint’s failure to detail and communicate what was being requested, I was told that this was a known problem internally. I’m not sure why they don’t they fix the problem instead of repeatedly letting customers jump through a continuum of hoops. This ongoing issue could have been easily resolved had Roundpoint spelled out what was required. This has been the biggest headache and waste of time. We fully intend on taking legal action should they attempt to bill us for the coverage we’ve been trying to provide since day one. I hope my review helps someone who considers going with Roundpoint.

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Apr 04, 2016
Just flat out awful
jonbigelow Borrower

Their online statements are never available meaning I have the pleasure of killing trees every month when I'd much prefer to receive information electronically.  Hold times are consertatively 20 minutes+ in the even you do need to talk to them.  I wish there was some way to transfer my mortgage to a different servicing company...these guys suck.

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Jul 29, 2014
Roundpoint Mortgage
LaceyFLee Borrower

Roundpoint mortgage was an ok company to work with. It took what seemed forever for the process from start to finish. When my husband and I first applied for refinancing, it seemed to be really easy. Once the process got going, it seemed as Roundpoint Mortgage kept taking their sweet time with the loan process. The first person I had been set up with for the loan process quit and i didnt know it, which caused my loan to be transferred to another case worker. Once my loan was with the second case worker, he seemed to have all his ducks in a row. Took about three months from the time we applied to being finished. Now that we refinanced and everything is all said and done, the repaying of the loan is really easy. Really nice layed out statements every month and their website is really user friendly. 

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Jan 09, 2014
Very Quick and Efficient
xley8 Borrower

In this day and age of strict re-finance rules nd regulations- my refinance with roundpoint went as smoothly as I could have hoped for. Since Roundpoint is in North Carolina and I am in Northern Virginia, all of the documents are either uploaded via your computer to your personal account or faxed to them with a cover sheet that keeps track of your data. The process from application through inspection to closing took 45 days. At closing- they sent a notary to my home and we completed the paperwork in about 15 minutes.

Yes- we had a few hiccups along the way with being unsure of who would be handling each step of the process through underwriting and such, but my account handler was always just a phone call away to help get me whatever information I needed.

I've gone through 5 closings and this was by far- the best experience of them all. (not to mention- the best interest rate I have ever found as well!)

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