Sergi Martin

Review of Michigan National Bank

Tried getting a non-conventional mortgage through ...

Tried getting a non-conventional mortgage through them. Didn't end up happening. After 8 weeks both I and the seller gave up. Trying to get any information about what is going on is like pulling teeth. Myself, Title office, and my realtor would contact them asking about the status, or what was needed next, and get no response until the next day most times. When they needed docs, it was one piece at a time. "We need X document to move forward" Sent. No response until next day. Then calling and emailing them, finally get: "Now we need this document" Just one doc at a time day after day after day. Asked for a straightforward list of any and all docs that might be needed so I can just have them ready. No response. Just ignored until the next day. "Now we need this one doc to move forward" Going to take me a few days to get that doc. Would have been nice if you had told me sooner. Told week after week after week "We can close on Friday" just to be told at the last min on Friday "We need this other document to close"
If you have a bunch of time you need to waste and money to lose on earnest deposits, etc, go with FNBA. I'm out well over $1000 because they couldn't get a simple loan done after 8 weeks.