Select Portfolio Servicing, Inc Mortgage Complaint

Conventional fixed mortgage Settlement process and costs

Select Portfolio Servicing, Inc Mortgage department,

Conventional fixed mortgage Settlement process and costs Tennessee

On -/-/- I rescinded a loan modification '' that was done by - - that was really a cashout refinance, because - paid off my former first mortgage that was with - - without my knowledge or consent, and included these funds in the modification without disclosing it in any way. The loan has since been transferred to Select Portfolio Services, and I have filed numerous complaints against SPS, as well as a complaint against -, which has not been answered yet. The modification was done in -/-/-, which is well within the 3 year recision time allowed since there was no documentation of the additional funds ( no - Statement or anything ) and no right of rescision given to me since it was a cashout refinance and not a straight modification, and I sent notice of rescision on -/-/-. SPS refused to rescind the loan claiming there was no record of - being paid off. I have ordered a copy of the wire transfer from - to -, which I will forward to the CFPB as soon as I receive it, as well as the payoff letter with - 's fax number on it. The payoff request was done by phone on - 's automated system, or I would also get a copy of the payoff request. SPS has done no research into the payoff to -, which they should have full access to as the servicer of the loan, but has only kept claiming that there were no funds to -.

Select Portfolio Servicing, Inc customer in Tennessee
Oct 21, 2015

* Source: CFPB Complaint Database

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

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