Loan Care Mortgage Complaint

Other mortgage Loan servicing, payments, escrow account

Loan Care Mortgage department,

Other mortgage Loan servicing, payments, escrow account Georgia

Home mortgage in - Georgia was financed thru - - -. In the beginning of -, 2016 - - - notified me that my monthly payment was reduced by $300.00 due to a reduction in the property tax escrow amount ... ..the escrow payment for taxes caused the payment to go from $920.00 to $620.00. I also received a refund from - - - for the excess money that was in the tax escrow account. Shortly after all of this - - - sold the mortgage to Loan Care. I was notified of the transfer in -. Their records did not reflect the reduction in the payment due to the property tax amount. I sent them the first payment in the lower amount with a copy of the - - - letter regarding the reduced payments. A phone call prior to mailing the payment to a representative was not beneficial at all. They stated all the information was not downloaded into their system. They would get back to me in 7 to 10 days. No one from Loan Care has responded. However, I have received additional letters demanding full payment ( $920.00 VS. $620.00 ). I received a letter from them indicating my account is 2 months in arrears and I can face losing my home. I am enclosing a copy of a certified letter that I mailed to Loan Care last week. I have not had any response other than the letter demanding full payment for two months.

Loan Care customer in Georgia
Jan 13, 2017

* Source: CFPB Complaint Database

Loan Care response to complaint:
Closed with explanation

Created with Highcharts 4.2.3Loan CareComplaint HistoryComplaints2/20124/20126/20129/201211/20121/20133/20135/20137/20139/201311/20131/20143/20145/20147/20149/201411/20141/20153/20155/20157/20159/201511/20151/20163/20165/20167/20169/201611/20161/20173/2017010203040Source: Consumer Financial Protection Bureau
Created with Highcharts 4.2.3Loan CareLoan servicing, payments, escrow account0.4%98.3%1.1%0.2%ClosedClosed with explanationClosed with monetary reliefIn progressSource: Consumer Financial Protection Bureau
Created with Highcharts 4.2.3National AverageLoan servicing, payments, escrow account2.3%80.3%4.0%5.8%1.1%5.1%1.2%0.2%ClosedClosed with explanationClosed with monetary reliefClosed with non-monetary reliefClosed with reliefClosed without reliefIn progressUntimely responseSource: Consumer Financial Protection Bureau

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