Southwest Business Corporation Mortgage Complaint

Conventional fixed mortgage Loan servicing, payments, escrow account

Southwest Business Corporation Mortgage department,

Conventional fixed mortgage Loan servicing, payments, escrow account Texas

I had an issue last year where hail damaged occurred. I filed a claim with my insurance, and they issued me my first check. They made the check out to myself and SWBC. I sent this into SWBC for endorsements, and was asked to file numerous paperwork. I did that, and they issued me a check for the half of the insurance payment, made out to my roofing company, and myself. However, due to the length that it took them to process the check, I had to switch roofing companies, in order for the repair to be completed in time. I reached out to SWBC and told them I needed to have the check re-issued to myself, and I would pay for the roof repair out of pocket. I had to send in more paperwork in order for that to be done. I did, and they told me they would issue the check just to me. I continued with the repair ( paying for it all out of my pocket, since their process was taking forever ), and their inspector came out to approve. They sent me the - half of the - insurance payment, and endorsed the check for


check ( issued to myself and roofing company # - ), and they would send me another check. They did n't however, only endorsed the check ( which made no sense ) and sent it back. I have sent the check back again, and they are now telling me I need more paperwork in order to get my money back ( which I do n't understand when the account was supposedly closed out ). I have asked to speak to a supervisor with none available. I still am out the $3600.00 that I have already paid to my roofing company, and it has been 2 months. I keep getting the run around from SWBC on what it 's going to take to get this money paid to me.

Southwest Business Corporation customer in Texas
Jun 24, 2015

* Source: CFPB Complaint Database

Southwest Business Corporation response to complaint:
Closed with explanation

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