Residential Credit Solutions Mortgage Complaint

Conventional fixed mortgage Loan servicing, payments, escrow account

Residential Credit Solutions Mortgage department,

Conventional fixed mortgage Loan servicing, payments, escrow account North Carolina

Residential Credit Solutions - RCS - failed to pay my homeowner 's insurance out of escrow last year. The due date for the insurance premium payment was -/-/14, they did not pay until the end of -. Because of this, for approximately - months last year, I did not have coverage on my residence. I had to go through an insurance reinstatement process after RCS finally paid the premium. The same issue happened this year. The insurance premium was due on -/-/15. As of today - -/-/15 -, the premium has still not been paid even though I pay into escrow for this. I have not had insurance coverage since -/-/15 because of this. Today I had to pay $370.00 out of pocket to re-instate coverage and also had to sign a Statement of No Loss.

Residential Credit Solutions customer in North Carolina
May 28, 2015

* Source: CFPB Complaint Database

Residential Credit Solutions response to complaint:
Closed with explanation

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