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Find a Location

Dovenmuehle Mortgage, Inc. has 1 locations, listed below.

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    Business ProfileforDovenmuehle Mortgage, Inc.

    Mortgage Banker
    BBB accredited business

    At-a-glance

    Customer Reviews

    1.11/5stars

    Average of 149 Customer Reviews

    Customer Complaints

    389 complaints closed in last 3 years

    82 complaints closed in last 12 months

    BBB Rating & Accreditation

    Accredited Since: 3/1/2013

    Years in Business: 180

    Customer Reviews are not used in the calculation of BBB Rating

    Overview of BBB Rating

    Overview

    Dovenmuehle Mortgage, Inc. provides a complete, private label mortgage subservicing program for commercial banks, thrift institutions, credit unions, mortgage bankers, and state and other housing finance agencies.

    Business Details

    Location of This Business
    One Corporate Drive Ste. 360, Lake Zurich, IL 60047-8945
    BBB File Opened:
    10/13/1988
    Years in Business:
    180
    Business Started:
    1/1/1844
    Business Started Locally:
    1/1/1844
    Business Incorporated:
    7/30/1959
    Accredited Since:
    3/1/2013
    Type of Entity:
    Corporation
    Alternate Business Name
    • DMI
    Business Management
    • Mr. William Mynatt Jr., President
    • Ms. Ann Duker, Corporate Secretary
    Contact Information

    Principal

    • Mr. William Mynatt Jr., President
    • Ms. Ann Duker, Corporate Secretary
    Additional Contact Information

    Fax Numbers

    • (847) 550-7405
      Other Fax

    Phone Numbers

    Customer Complaints

    389 Customer Complaints

    Need to file a complaint? BBB is here to help. We'll guide you through the process. How BBB Processes Complaints and Reviews

    File a Complaint

    Most Recent Customer Complaint

    03/29/2024

    Complaint Type:
    Product Issues
    Status:
    Answered
    I have mortgage through BMO who sold it off to mortgage servicer Dovenmuehle Mortgage Company. I received escrow analysis that was dated 2/21/24 with a surplus stated of over $8,000 with no check included. It states check would be sent within 30 days of escrow analysis and I have yet to receive the check. I called them 3/27/24 spoke to lady who said they had not issued the check yet and couldnt find out why. She stated I must wait ************************************************************************************* first place. I then did some digging to realize my last years escrow analysis stated an over $5,000 surplus and I was never sent the check for that either and they rolled it over into this year which is illegal. I continue to contact them online and via phone and I get no straight answers and they cannot guarantee a date or the amount of the check that will be sent. Realizing they didnt send it last year Im assuming they will not send it this year either. I have never dealt with a more incompetent company in my life. They steal peoples money interest free. I am contacting a lawyer in order to get this resolved which will take more time and resources than what should be needed.
    Read More

    Customer Reviews

    149 Customer Reviews

    What do you think? Share your review.

    How BBB Processes Complaints and Reviews

    Start a Review

    Most Recent Customer Review

    Chaffani W

    1 star

    02/12/2024

    This review only has a 1 star because I had to give one. If I ever have to buy another house the first thing I will be asking the new lender is, WHO IS YOUR SERVICER? If it's Dovenmuehle I will grab my belongs and walk out. This company will make me NOT buy a house I don't care how beautiful the house is!! They shouldn't be in business AT ALL!! THEY ARE GARBAGE!! They are liars, incompetent, have so sense of urgency (Except when you're late on the mortgage payment). I had fallen on hard times, to make a long story I applied to homeowners assistance through ***** HAF program. I was awarded a bulk payment to bring my mortgage back to current and then 3 additional payments to again help me out. Wonderful program btw. Anyway, right when the state sent over the funds to Dovenmuehle they transferred my loan to another company. Ok fine, things like that happen, right. Well when the loan was transferred every was sent over EXCEPT the payment that the state had sent to Dovenmuehle. This happened in May of 2023. I waited like 2 mths to try and give the process time to transfer. Well when I called Dovenmuehle they told me that they didn't have the money. Again long story short, I had to hire a lawyer. ************ people all thrash!!! No help, then I stop being able to speak to people instead I get getting all these generic letters in the mail about give them time. Some letters stated that they could find the funds and they didn't have any money from the state, that I need to talk to the state etc. I gave Dovenmuehle routing numbers, wiring confirmation numbers, batch/bulk numbers for the payment ect. Still nothing until my lawyer send a ***** letter that now all of sudden they could find the funds and that wasn't until December of 2023. It took them 9 mths to allegedly find the funs and sent bck to the state. The new loan company wanted to try and foreclose, but lucky the state helped with with new company to protect my home. This company should be shut down! They are awful!!

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