The Money Source Inc Mortgage Complaint

VA mortgage Loan servicing, payments, escrow account

The Money Source Inc Mortgage department,

VA mortgage Loan servicing, payments, escrow account Oklahoma

The Money Source Mortgage Company made errors in posting our payments incorrectly. This has caused a chain reaction of late payment postings to our account. Our payments, which have included additional monies toward principal and escrow shortages, have been made approximately 2 weeks prior to the due date. They have turned our account over to the credit bureau as late/slow pay even when they assured us they would not. One of the Representatives that we spoke to did indeed find that this was entirely their fault. However, their reporting to the Credit Bureau has caused our credit rating to drop - points. Repeated phone calls to the mortgage company has only created more problems. We have documented proof of every payment made, phone call and supposed resolution to our account. We have not been able to talk to a Supervisor concerning any problem when we requested. This company has not been able to post our regular payments, additional principal payments or additional escrow shortage payments properly. We would very much like to have these problems resolved, our credit re-established and in good standing. We have never had a problem with any other mortgage company that we have dealt with in the past as we have with The Money Source!

The Money Source Inc customer in Oklahoma
Dec 28, 2015

* Source: CFPB Complaint Database

The Money Source Inc response to complaint:
Closed with explanation

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