SunTrust Bank Mortgage Complaint

Home equity loan or line of credit Loan servicing, payments, escrow account

SunTrust Bank Mortgage department,

Home equity loan or line of credit Loan servicing, payments, escrow account Florida

In - of 2015 an auto pay was set up for equity line with Suntrust through our - personal account but amount was set up wrong only because our first statement reflected partial month. Our payments were made on the same day of each month in the sum of $400.00 instead of the $680.00 which was the correct amount. We have another mortgage with Suntrust for which we have been making an extra payment of $2000.00 per month for the past two years to reduce principal. Lender never notified us about the shortage in payment via phone, text or email -although this information was provided to them ( myself, my husband or my office ) nor did they ever send a late payment letter in the mail until end of -. Due to the lender 's failure to properly notify us. We have several mortgages with our businesses, credit lines and credit cards and we have never been late for the past 25 years ) our credit score dropped almost - points and line was closed. If lender -had given us a fair chance to remedy the error, this problem would have been resolved immediately.

SunTrust Bank customer in Florida
Sep 17, 2015

* Source: CFPB Complaint Database

SunTrust Bank response to complaint:
Closed with explanation

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