Stearns Ventures, LLC Mortgage Complaint

FHA mortgage Loan servicing, payments, escrow account

Stearns Ventures, LLC Mortgage department,

FHA mortgage Loan servicing, payments, escrow account Texas

My loan servicing company - - ( Stearns Lending ) is constantly increasing my monthly mortgage payments every few months. The reason for the increase is due to underpayment of escrow. I just do n't understand how my escrow account is short every few months and without explanation I am required to pay this amount. Soon thereafter, the payment decreases for a few months, then it increase again. This is ridiculous. Most people leave on a monthly budget and this makes it unfair to continue to fluctuate payments so frequently.

Stearns Ventures, LLC customer in Texas
Jul 14, 2016

* Source: CFPB Complaint Database

Stearns Ventures, LLC response to complaint:
Closed with explanation

Created with Highcharts 4.2.3Stearns Ventures, LLCComplaint HistoryComplaints2/20163/20164/20165/20166/20167/20168/20169/201610/201611/201612/20161/20173/20174/2017012345Source: Consumer Financial Protection Bureau
Created with Highcharts 4.2.3Stearns Ventures, LLCLoan servicing, payments, escrow account100.0%Closed with explanationSource: Consumer Financial Protection Bureau
Created with Highcharts 4.2.3National AverageLoan servicing, payments, escrow account0.2%5.8%5.1%1.1%2.3%4.0%80.3%1.2%Untimely responseClosed with non-monetary reliefClosed without reliefClosed with reliefClosedClosed with monetary reliefClosed with explanationIn progressSource: Consumer Financial Protection Bureau

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