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Dallas and Northeast Texas

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BBB Accredited Business since 10/02/2007

North American Lending (Headquarters)

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Phone: (972) 818-5626Fax: (972) 818-4859View Additional Phone Numbers2901 Dallas Pkwy STE 120, PlanoTX 75093-5981 Send email to North American LendingView Additional Web Addresses

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BBB Accreditation

A BBB Accredited Business since 10/02/2007

BBB has determined that North American Lending meets BBB accreditation standards, which include a commitment to make a good faith effort to resolve any consumer complaints. BBB Accredited Businesses pay a fee for accreditation review/monitoring and for support of BBB services to the public.

BBB accreditation does not mean that the business' products or services have been evaluated or endorsed by BBB, or that BBB has made a determination as to the business' product quality or competency in performing services.

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Reason for Rating

BBB rating is based on 16 factors. Get the details about the factors considered.

Factors that raised North American Lending's rating include:

  • Length of time business has been operating.
  • Complaint volume filed with BBB for business of this size.
  • Response to 1 complaint(s) filed against business.
  • Resolution of complaint(s) filed against business.
  • BBB has sufficient background information on this business.

Customer Complaints SummaryRead complaint details

1 complaint closed with BBB in last 3 years | 0 closed in last 12 months
Complaint TypeTotal Closed Complaints
Problems with Product / Service1
Advertising / Sales Issues0
Billing / Collection Issues0
Delivery Issues0
Guarantee / Warranty Issues0
Total Closed Complaints 1

Complaint Breakdown by ResolutionAbout Complaint Details

Complaint Resolution Log (1)BBB Closure Definitions
06/17/2013Problems with Product / Service | Read Complaint Details
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Additional Notes

Complaint Category: Failure to honor a contract or agreement

Complaint: I was approved a FHA loan on 1/4/2013 but one week before closing they *suspended* my loan on 1/15/2013, which is breach of contract.
breach of contract after approving it. The reason given was the residence was too far from my work, 70 miles.

Business' Initial Response
Contact Name and Title: Patty Phelps-Compliance
Contact Phone: XXXXXXXXXX
Contact Email: *******@ntfn.com
NTFN closed this home purchase as a second home on 1/18/2013. Her loan was conditionally approved 1/4/2013; after initial approval the underwriter needed more clarification on the 70 mile commute one way from work to home and the fact that she was keeping her keeping her current home. The loan was suspended on 1/14 and once clarification was received, the loan was changed from FHA primary residence, to Conventional financing for a second home and reapproved on 1/16/2013. A loan approval by a mortgage company is not a legal contract therefore no breach of contract can apply. NTFN closed Ms. ******'s loan in 18 days from receipt which is exceptional in todays mortgage environment.

Consumer's Final Response
(The consumer indicated he/she DID NOT accept the response from the business.)
Nowhere was it ever stated that it was a conditional approval. It was approved. The loan was intended to be for my primary residence. I am staying at the other house part of the time preparing it to be sold.

Complaint Resolution: Company agreed to informal dispute settlement hearing (IDS) in accordance with their BBB agreement, but the consumer declined.

Industry Comparison| Chart

Mortgage Brokers

Additional Information

top
BBB file opened: 07/17/2007Business started: 12/01/1996
Licensing

This company is in an industry that may require licensing, bonding or registration in order to lawfully do business. BBB encourages you to check with the appropriate agency to be certain any requirements are currently being met.

These agencies may include:

Texas Department of Savings and Mortgage Lending
2601 North Lamar, Suite 201
Austin, TX78705
(877) 276-5550
http://www.sml.texas.gov/

Contact Information
Principal: Mr. Charles Priest (President)Customer Contact: Mr. Gary McKiddy (CFO)Mr. Murdock Richard (CEO)
Business Category

Mortgage Brokers

Industry Tips
Mortgage Broker
Beware of Predatory Practices in Home Mortgage Lending
Home Buyers: Protect Yourself from Predatory Lenders
Investors Warned Not to Risk Homes to Buy Securities
Mortgage Choices
To Rent or Buy - Which is Right for You

Map & Directions

Map & Directions

Address for North American Lending

2901 Dallas Pkwy STE 120

Plano, TX 75093-5981

To | From

LocationsX

4 Locations

  • Park Cities Mortgage

    5950 Sherry Ln Ste 210 

    Dallas, TX 75225-6536(972) 759-5207

  • Premier Nationwide Lending

    2001 Lakeside Pkwy 

    Flower Mound, TX 75028-4028(214) 526-1600
    (972) 537-0600

  • THIS LOCATION IS NOT BBB ACCREDITED

    13101 Northwest Freeway 

    Houston, TX 77040(713) 460-9977

  • Nationwide Home Lending

    2901 Dallas Pkwy STE 120 

    Plano, TX 75093-5981(972) 818-5626
    (800) 893-3607

Industry Comparison ChartX

The information in the table below represents an industry comparison of businesses which are of the same relative size. This is based on BBB's database of businesses located in Dallas and Northeast Texas. Businesses may engage in more than one type of business. The percent of time the business engages in a type of business is not accounted for. There is no known industry standard for the number of complaints a business can expect. The volume of business and number of transactions may have a bearing on the number of complaints received by BBB.

*North American Lending is in this range.

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Types of Complaints Handled by BBB

BBB handles the following types of complaints between businesses and their customers so long as they are not, or have not been, litigated:

  • Advertising or Sales
  • Billing or Collection
  • Problems with Products or Services
  • Delivery
  • Guarantee or Warranty

We do not handle workplace disputes, discrimination claims or claims about the quality of health or legal services.

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Additional Phone Numbers

  • (800) 893-3607
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Additional Web Addresses

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BBB Complaint Process

Your complaint will be forwarded to the company within two business days. The company will be asked to respond within 14 days, and if a response is not received, a second request will be made. You will be notified of the company's response when we receive it (or notified that we received no response). Complaints are usually closed within 30 business days.

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BBB began including the text of consumer complaints and business responses in BBB Business Reviews on 07/01/2013 for complaints filed on 01/01/2013 and thereafter. This includes all complaints that meet our reporting guidelines and that are filed electronically. We also report on the resolution of the complaint, as determined by BBB.

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What government actions does BBB report on?

BBB reports on known significant government actions involving business' marketplace conduct.

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BBB Business Reviews are provided solely to assist you in exercising your own best judgment. Information in this BBB Business Review is believed reliable but not guaranteed as to accuracy.

BBB Business Reviews generally cover a three-year reporting period. BBB Business Reviews are subject to change at any time.