PHH Mortgage Mortgage Complaint

Conventional fixed mortgage Loan servicing, payments, escrow account

PHH Mortgage Mortgage department,

Conventional fixed mortgage Loan servicing, payments, escrow account California

-/-/- I had water damage. I filed a claim with my insurance company who issued a check to me and my mortgage company -. I completed the required paperwork, endorsed the check and sent to -. They promptly issued a check back to me. A couple weeks later i received another check from the insurance company. I filled out the paperwork, endorsed the check and forwarded to -. The day before ( -/-/- ) they were to issue the check $2800.00 to me, my mortgage was sold to PHH # -. I have made no less than 8 calls to PHH requesting that they issue to a check to me and they keep saying " we are waiting for corporate to decide when to release the funds ''. I have provided PHH with the document from the Insurance company regarding the Repair Estimate, completed and provided PHH 's Loss Draft documentation via fax, uploading into their website and US mail. I CAN NOT complete work on my home until these funds are received. I feel as if my money is being held hostage. I 'm living in a home that is in disarray as I can not complete the work without the funds. There is absolutely no reason why these funds should not be released to me ASAP.

PHH Mortgage customer in California
Mar 07, 2016

* Source: CFPB Complaint Database

PHH Mortgage response to complaint:
Closed with explanation

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