Conventional fixed mortgage Loan servicing, payments, escrow account
Residential Credit Solutions Mortgage department,
Conventional fixed mortgage Loan servicing, payments, escrow account Colorado
Failure by Residential Credit Solutions ( RCS ) to apply an accepted payment to principal, interest, escrow, or other charges under the terms of the mortgage loan and applicable law ( - - - ( - ) ( - ) ) On - - -, we received a Final Escrow Account Disclosure Statement ( Short Year History Statement ) for the reporting period - - through - -. The Final Escrow Account Statement was dated - - -. The Final Escrow Disclosure Statement does not reflect our scheduled - -, - payment that was accepted and deposited by RCS on - - -. This payment was processed by RCS before servicing transferred to - - -. The correct ending escrow balance is $2800.00 not/not $2400.00. Servicing of our loan transferred from RCS to - - - on - - -. RCS transferred an escrow balance of $2400.00 to -. They failed to transfer the $430.00 that was accepted and deposited by RCS on - - -. The correct amount of escrow that should have been transferred to - - is $2800.00
Residential Credit Solutions customer in Colorado
Mar 15, 2016
* Source: CFPB Complaint Database
Residential Credit Solutions response to complaint:
Closed with explanation
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