Complaint / review text:
I applied for a loan with Wells Fargo. Long story short... Loan was sent to underwriting before getting an approval. Sent in LOE why I had 2 collections on my credit report from 2010& 2011. Finally got a commitment letter with certain condition — Contract (Property was not found as yet), Gift letter of $600.00, Appraisal, etc. Now I received a letter stating my loan was denied based on Delinquent past/present obligations. Why go as far as to give a commitment letter then send this letter 2 weeks later? Good thing I had not found a property as yet.