Seterus Mortgage Complaint

Conventional adjustable mortgage (ARM) Loan modification,collection,foreclosure

Seterus Mortgage department,

Conventional adjustable mortgage (ARM) Loan modification,collection,foreclosure Florida

My reason for reaching out to you is in hopes that someone can possible help our situation. Our client has been paying a trial period in a timely matter to your client beginning - -. The approval required for - trial payments in which she did, and has continued to do so for 5 months now. Seterus advised us after the - payment that the file was being reviewed and that the final modification documents should be generated and set out before the end of the month ; this was in -. For 2 long ongoing months we have been trying to retain these final modification documents which we know are very time sensitive. The lender suggest that due to coding on the file the final modification documents have to first be sent - and that then someone in their office was to send the documents to the client. Please not, that the borrower does NOT have any legal representation which has been stressed to the lender for months and have been accompanied by letters of explanations and so on.


it be through email, fax, or regular mail. The borrower paid her trial payments like we instructed her to do so but the client never had the proper paperwork to reflect the actual approval. Like it 's stated above ; it nearly took us two months to retain the trial documents. Now fast forward -/-/- ; 5 months into her trial period, the borrower has not yet been successful in retaining her final modification documents. If you can please look into this matter. The borrower is in active foreclosure and we would really hate to lose the modification simply for a lack of communication from the lender Seterus ; and their legal adviser -

Seterus customer in Florida
Nov 10, 2015

* Source: CFPB Complaint Database

Seterus response to complaint:
In progress

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