Select Portfolio Servicing, Inc Mortgage Complaint

Conventional adjustable mortgage (ARM) Application, originator, mortgage broker

Select Portfolio Servicing, Inc Mortgage department,

Conventional adjustable mortgage (ARM) Application, originator, mortgage broker California

I have been trying to refinance my - Mortgage, this was an interest only loan from -/-/- that went to a 6 month ARM. the value is finaly such that I have enough equity to refinance. The process was started on -/-/-. I also have a - mortgage that must be subordinated through Select Portfolio Services. All requested documents were sent by me within days of request. both companies have dropped the ball on loan processing. the - lien holder took - ; 30 days to complete the subordination agreement. When it was sent back to them for signature, they said it did not match the good faith. When it was corrected and sent back for signature, the signature line was incorrect!!! Now for the - time the subordination agreement is with them to be completed and they are still dragging their feet. this was to refi my ARM to a fixed rate loan lowering my payment by over a $1000.00 per month. To get either company moving I keep escalating my complaints but they both are so incompetent. They are happy to take my payment on time each month for the last 10 years of course when I refinance, they will make less money. Not sure if there is anything you can do about this issue.

Select Portfolio Servicing, Inc customer in California
Jun 30, 2015

* Source: CFPB Complaint Database

Select Portfolio Servicing, Inc response to complaint:
Closed with explanation

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