Specialized Loan Servicing LLC Mortgage Complaint

Conventional fixed mortgage Loan servicing, payments, escrow account

Specialized Loan Servicing LLC Mortgage department,

Conventional fixed mortgage Loan servicing, payments, escrow account California

This is the letter I wrote to SLS ( Specialized Loan Servicing ). I have called and spoke with various people for hours, had difficulty understanding the increase in my mortgage, was not provided with a clear explanation. They do not allow for call backs to me during work so I have to hold. They finally told me it would take them 6 weeks to get an explanation to me for why my monthly due has increased all of a sudden by $200.00 ( almost exactly ) a month. See below - - - - - - - - - Dear whomever it may concern at SLS, I have contacted - representatives in Customer Care this week by phone ( week ending -/-/2016 ). There has been an increase in my monthly statement balance beginning -/-/2016 of $200.00. I was originally paying $720.00 and the -/-/2016 statement showed a " Total Amount Due '' of $920.00.


-/-/2016 statement, the Escrow Amount Due was $270.00, a $200.00 increase per month. I want to know what is the reason behind such a high increase per month. Is it an increase in property value, property taxes, insurance, and if any of the above, why? I believe I have a right to an explanation and a right to see the breakdown information supporting this $200.00 increase per month. ** Please advise immediately. ** I have a right to a clear explanation and do not wish to be charged this amount for the - -, 2016 statement, unless I receive a comprehensive explanation. Other relevant information : my loan servicer changed and my loan was transferred to Specialized Loan Servicing ( SLS ) from - - - ( - ) in - 2016. My Escrow Amount Due for -/-/2016 was $190.00 when my loan was first transferred, my Escrow Amount due for -/-/2016 ( the next month ) was $71.00, and my Escrow Amount due for -/-/2016 was $270.00. Thank you.

Specialized Loan Servicing LLC customer in California
Nov 21, 2016

* Source: CFPB Complaint Database

Specialized Loan Servicing LLC response to complaint:
Closed with explanation

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