PHH Mortgage Mortgage Complaint

Conventional fixed mortgage Loan servicing, payments, escrow account

PHH Mortgage Mortgage department,

Conventional fixed mortgage Loan servicing, payments, escrow account Colorado

My mortgage was sold to PHH Mortgage on -/-/-, prior to that it was serviced by - -. I have spoken to - - and my last payment was applied correctly on -/-/- for the -/-/- payment. Which meant that my first payment to PHH should be applied to the -/-/- Payment. On - - I made a payment in the amount of - to be applied to the -/-/- payment and on - - I made another payment in the amount of - for the -/-/- payment. I have been monitoring the account online since then. I noticed that my account was showing that the due date for the next payment was -/-/-. I contacted them 2 weeks after the payments were made and was told that the second payment was misapplied to principle and would be backed out and applied to the -/-/- payment. I contacted them again today -/-/-. After being transferred 4 times I was now told that both payments were misapplied. I was told again that they would " fix '' it and apply them correctly, but I would have to wait 7-10 days, then I was told 3-5 days then told that it would be fixed today but I still would be unable to have confirmation until Tuesday. I asked what is going to happen when I make a payment this month that should be applied to the -/-/- payment. I was told there was no way for them to guarantee that they would apply that payment correctly and I would have to monitor my account. This is absolutely ridiculous, PHH is supposed to be a loan servicer they should be able to properly apply payments to the account. At this point the only acceptable resolution is to have my account transferred to a servicer that can handle accepting monthly payments.

PHH Mortgage customer in Colorado
Mar 04, 2016

* Source: CFPB Complaint Database

PHH Mortgage response to complaint:
Closed with explanation

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