Conventional fixed mortgage Loan servicing, payments, escrow account
PHH Mortgage Mortgage department,
Conventional fixed mortgage Loan servicing, payments, escrow account Colorado
This is a complaint against PHH Mortgage for holding money in escrow that was deemed to be used for repair of hail damage to our residence that occurred on - -, 2016. PHH Mortgage is currently holding over $12000.00 that was sent to us from our insurance company since - 2016 and even though we have contacted them on numerous occasions they still will not release the funds. There excuse is that they needed documentation in order to reconcile the amount that has been paid by the insurance company with the amount that that was estimated by our general contractor. Documentation from both the general contractor and insurance company has been sent to them on more than one occasion and they are still " dragging their feet ''.
PHH Mortgage customer in Colorado
Jan 19, 2017
* Source: CFPB Complaint Database
PHH Mortgage response to complaint:
Closed with explanation
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