Loan Care Mortgage Complaint

Conventional fixed mortgage Loan servicing, payments, escrow account

Loan Care Mortgage department,

Conventional fixed mortgage Loan servicing, payments, escrow account North Carolina

Our mortgage was transferred to LoanCare, LLC ( from - ), in - - previously we were paying our mortgage monthly on an auto debit schedule around the - of each month. we were informed that our first payment would be due in - to LoanCare. We waiting until - -, to make sure our auto payment was indeed cancelled w/ the previous company, and then submitted a payment around - - or -, 2016. This check posted to our checking acct at - on - -. however a couple of weeks later we received a notification from LoanCare stating our payment was never received. we had our bank faxed a certified letter stating the payment had indeed posted to our acct and should be credited to our loan. We made another payment the -. this check posted to our account on -. Today, we received a letter from loan care stating we owe them $4700.00 ( - month 's payments ) or they are reporting us to collections. This is mortgage fraud. they are taking our money and not crediting our loan, and threatening to ruin our credit. i am planning to file a police report in case our credit does get dinged. I have reported them to the - ( who I am assuming they have paid to not have their rating listed, as no reviews exist ). I am going to look into changing the mortgage company.

Loan Care customer in North Carolina
Oct 14, 2016

* Source: CFPB Complaint Database

Loan Care response to complaint:
Closed with explanation

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