Select Portfolio Servicing, Inc Mortgage Complaint

Conventional fixed mortgage Credit decision / Underwriting

Select Portfolio Servicing, Inc Mortgage department,

Conventional fixed mortgage Credit decision / Underwriting Ohio

I began applying for a loan modification with my mortgagor, Select Portfolio Servicing on -/-/2015. I began submitting the documents they requested. I have submitted a hard ship letter, bank statements, lease agreements for the subject property, lease agreements for other properties I own. Each time I submit a requested document, I get a letter stating that they have received the info they requested and once they receive a complete application along with third party approvals they will send it to underwriting. Once I receive these notices I call, then they request some other document. This process has been going on since - 2015 and now the want something more bank statement detailing the rents I am receiving. I had explained in the hardship letter that I was having trouble collecting rents consistently. They want copies of canceled checks when most of my tenants pay with cash or money orders. I do not take checks because the bounce then the bank charges me a fee plus take the money from my account. They seem as though they do not want to modify my loan. I wonder if they ever give loan modifications to their customers.

Select Portfolio Servicing, Inc customer in Ohio
Jan 13, 2016

* Source: CFPB Complaint Database

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

Created with Highcharts 4.2.3Select Portfolio Servicing, IncComplaint HistoryComplaints2/201210/20122/20133/20134/20135/20138/201310/20131/20142/20143/20144/20146/20149/201410/201411/201412/20142/20153/20154/20155/20157/20158/20159/201510/201511/20151/20163/201612/20161/2017012345Source: Consumer Financial Protection Bureau
Created with Highcharts 4.2.3Select Portfolio Servicing, IncCredit decision / Underwriting93.2%2.3%2.3%2.3%Closed with explanationClosed with monetary reliefClosed with non-monetary reliefClosed with reliefSource: Consumer Financial Protection Bureau
Created with Highcharts 4.2.3National AverageCredit decision / Underwriting2.2%77.1%5.6%6.3%1.2%5.8%1.3%0.6%ClosedClosed with explanationClosed with monetary reliefClosed with non-monetary reliefClosed with reliefClosed without reliefIn progressUntimely responseSource: Consumer Financial Protection Bureau

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