Lender Live Mortgage Complaint

Conventional fixed mortgage Loan servicing, payments, escrow account

Lender Live Mortgage department,

Conventional fixed mortgage Loan servicing, payments, escrow account Virginia

Lenderlive has admitted to paying out almost $1600.00 from our Escrow balance to the wrong Insurance company. Since then, and before we noticed the error, our loan was sold to another servicer. Now that servicer shows our escrow short, and is increasing our payments. I contacted Lenderlive on -/-/-. They had the correct insurance company, amount and status listed, but acknowledged paying someone elses Hazard insurance. I was supposed to get a call back. By Friday -, I called again. The supervisor had yet to start their shift and I was promised a call back, but -/-/- or Monday -/-/-. Still nothing. This money was essentially stolen from us and we are waiting for them to reimburse us or our new mortgage servicer ASAP. This money is in their hands somewhere since the other persons escrow most likely has an overage. This is the second issue I 've had with Lenderlive.

Lender Live customer in Virginia
Feb 22, 2016

* Source: CFPB Complaint Database

Lender Live response to complaint:
Closed with explanation

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