Select Portfolio Servicing, Inc Mortgage Complaint

Conventional fixed mortgage Application, originator, mortgage broker

Select Portfolio Servicing, Inc Mortgage department,

Conventional fixed mortgage Application, originator, mortgage broker Illinois

I am extremely upset with Select Portfolio Servicing because they mishandle my account. I finish my - trial payments and after I received my final modification packet, I am getting a huge balloon in the amount of $110000.00 at the end of my loan. This is not acceptable because I never had a balloon before my loan was modify. I need to know from where this balloon is coming from My loan was with - - before it was transfer to SPS. However ; I have not been given an explanantion. This is really devistating because SPS is not respecting the guidelines I was Approved for the - - - and without principle forgiveness despite being part of the hamp tier - guideline. This is not what the - - - offers. I have gone to workshops for struggeling homeowners like myself and have learn about all programs available. Therefore I am hoping that SPS can please explain why my loan was not offer Principle Forgivess nor a 2 % fix for the life of the loan.

Select Portfolio Servicing, Inc customer in Illinois
Dec 08, 2016

* Source: CFPB Complaint Database

Select Portfolio Servicing, Inc response to complaint:
Closed with explanation

Created with Highcharts 4.2.3Select Portfolio Servicing, IncComplaint HistoryComplaints4/20125/20126/201210/201212/20122/20133/20134/20135/20136/20137/20138/20139/201310/201311/20131/20142/20143/20144/20145/20146/20147/20148/20149/201410/201411/201412/20141/20152/20153/20154/20155/20156/20157/20158/20159/201510/201511/201512/20153/20164/20166/20167/20168/20169/201610/201611/201612/20162/20170123456Source: Consumer Financial Protection Bureau
Created with Highcharts 4.2.3Select Portfolio Servicing, IncApplication, originator, mortgage broker95.0%3.0%2.0%Closed with explanationClosed with non-monetary reliefClosed with reliefSource: Consumer Financial Protection Bureau
Created with Highcharts 4.2.3National AverageApplication, originator, mortgage broker2.4%74.6%8.2%5.3%1.1%6.3%1.3%0.8%ClosedClosed with explanationClosed with monetary reliefClosed with non-monetary reliefClosed with reliefClosed without reliefIn progressUntimely responseSource: Consumer Financial Protection Bureau

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