Business ProfileforMidWest America Federal Credit Union

I applied for a second mortgage from MIdwest America Federal Credit Union and signed the loan documents on July 10, 2023. My daughter is listed on the deed and also had to sign the mortgage application paperwork. She lives in ******** and at the direction of the Loan Officer was told to sign and date the paperwork as having been signed on July 14th. I did not received the funds until August 7, 2023. However, after the first payment was made I noticed that the total amount was applied to finance charge/interest and none to principal. I was told this was because the loan was "closed" on July 10 and I owed interest from that date. I don't see how I can be charged interest on money I did not receive. No one explained this to me and I certainly would not have agreed to such a stipulation. I've contact several employees of the bank including the loan officer to no avail. In my opinion the credit union should have had my daughter use the date she was actually signing the forms and have me re-sign with that later date. I find it hard to believe that charging interest before monies are distributed is a standard practice. Please note the date on the attachment August 1, 2023 when she was asked to sign the documents.