Seterus, Inc. Mortgage Complaint

Conventional adjustable mortgage (ARM) Settlement process and costs

Seterus, Inc. Mortgage department,

Conventional adjustable mortgage (ARM) Settlement process and costs Virginia

I have a loan through Seterus Mortgage Company. We are getting ready to sell our house. I called them up to get a payoff amount sent to our title agency. The first person I talked to said they would send the fax now. I thought that meant that they would send the fax now. When I talked to my title agency later in the day they said they had not received the fax. I called Seterus back and it was then that they informed me that they would not be able to send the fax for at least -3 business days and possibly up to 10 days at the latest! So now our closing will have to be delayed for an uncertain amount of days until they can get the fax done. To me, this is the definition of the word ineptitude and irresponsiblity. I was told I could n't get a rush on the payment info unless I got a court order to make that happen. Their inability to clearly state that they would need -3 days to make this happen also shows a lack of coherent communication skills, something this industry needs desperately.

Seterus, Inc. customer in Virginia
Mar 31, 2016

* Source: CFPB Complaint Database

Seterus, Inc. response to complaint:
Closed with explanation

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