Loan Care Mortgage Complaint

Home equity loan or line of credit Credit decision / Underwriting

Loan Care Mortgage department,

Home equity loan or line of credit Credit decision / Underwriting California

My second mortgage was sold to LoanCare. After a leak in my home created considerable damage, I started receiving checks from - to pay repairers. Checks were sent to LoanCare to endorse. When the amount reached $20000.00, LoanCare put numerous obstacles in our path - a variety of paperwork from numerous people, checks that had to be returned because they were made out to the wrong person etc. The final straw was a check made out to me and - subcontractor ( I had to pay - different contractors ). I must now send this check back once again without confidence that I 'll ever get the money. They are obviously a shady company considering all the complaints I read on the - website. Ca n't anything be done?

Loan Care customer in California
Jun 25, 2016

* Source: CFPB Complaint Database

Loan Care response to complaint:
Closed with explanation

Created with Highcharts 4.2.3Loan CareComplaint HistoryComplaints12/20133/20156/20158/20153/20164/20166/201611/20162/201700.511.522.5Source: Consumer Financial Protection Bureau
Created with Highcharts 4.2.3Loan CareCredit decision / Underwriting100.0%Closed with explanationSource: Consumer Financial Protection Bureau
Created with Highcharts 4.2.3National AverageCredit decision / Underwriting0.6%6.3%5.8%1.2%2.2%5.6%77.1%1.3%Untimely responseClosed with non-monetary reliefClosed without reliefClosed with reliefClosedClosed with monetary reliefClosed with explanationIn progressSource: Consumer Financial Protection Bureau

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