Seterus Mortgage Complaint

Conventional fixed mortgage Loan modification,collection,foreclosure

Seterus Mortgage department,

Conventional fixed mortgage Loan modification,collection,foreclosure Illinois

The loan modification process took entirely too long. The process should have been resolved after 3-4 months upon completion of trial payments ''. In fact, through no fault of mine, the process took 8 months, from -/-/- through -/-/-. During this time, late charges continued to accrue and late payments continued to be reported to the credit agencies. The extended length of time caused further debt and a reduction in my credit score. At no time did I request for the process to be stopped, which is what happened half way through the processing of the modification at the discretion of the mortgage servicer.

Seterus customer in Illinois
Jun 24, 2015

* Source: CFPB Complaint Database

Seterus response to complaint:
Closed with explanation

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