Shellpoint Partners, LLC Mortgage Complaint

Home equity loan or line of credit Loan servicing, payments, escrow account

Shellpoint Partners, LLC Mortgage department,

Home equity loan or line of credit Loan servicing, payments, escrow account Florida

I just attempted to payoff my second mortgage with Shellpoint Mortgage Servicing. I went on line to get a payoff amount. The system had me enter a payoff date and gave me an amount but had a disclaimer " Please call for updated figures prior to remitting funds as they are subject to change without notice ''. I called and the agent could not verify the figure and I was told that I would get in a few days. When I asked if I could make a payoff online or on the phone, I was told the online limited me to $20000.00 of additional principal and they also could not take it over the phone. I would need to mail a check or pay for a wire transfer. This seems to be a very deceptive practice to delay a customer from paying off a loan to increase interest income.

Shellpoint Partners, LLC customer in Florida
Oct 31, 2016

* Source: CFPB Complaint Database

Shellpoint Partners, LLC response to complaint:
Closed with explanation

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