Seterus Mortgage Complaint

Conventional fixed mortgage Loan servicing, payments, escrow account

Seterus Mortgage department,

Conventional fixed mortgage Loan servicing, payments, escrow account Florida

Early this year SETERUS changed their payment coupon making it impossible to allocate funds in excess of the normal monthly payment ie ; the ability to direct the funds to the monthly payment and the excess to the principal. I normally pay in excess of the monthly payment and since the coupon change SETERUS has misapproprited my funds, ,assessed late payments and wasted hours with me on the phone addressing these issues on nearly a monthly basis since the first of the year. My most recent payment was in the form of - checks, - for the monthly payment and - for the principal. SETERUS is now holding the entire amount in suspense ( unapplied ).

Seterus customer in Florida
Oct 07, 2015

* Source: CFPB Complaint Database

Seterus response to complaint:
Closed with explanation

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