Loan Care Mortgage Complaint

FHA mortgage Loan servicing, payments, escrow account

Loan Care Mortgage department,

FHA mortgage Loan servicing, payments, escrow account Florida

My home is being sold with a closing date of -/-/2017. I was sent a letter dated -/-/2017 saying my home loan was being transferred from - Mortgage to Loancare a service link company effective -/-/2017. The closing title company called the new mortgage company about 7 days before closing to inform them that they would need a payoff statement from them on -/-/2017. This has not happened. I have contacted Loancare multiple times and been told that it may take -10 business days before they are able to provide this, I have confirmed with them that interest is compounded daily and therefore this -10 day delay will be costing me money because they are not able to give me a payoff statement. I have spoken with several individuals, several supervisors, and - manager who do n't seem to care that my home closing is on -/-/2017 and simply say that it is bad timing, every time someone says they will call me back I do not get a call. There MUST be a way to create a loan payoff statement so that I am not charged beyond the date that I am willing to payoff my loan, if there is not IT IS THEFT!

Loan Care customer in Florida
Feb 03, 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 account0.2%5.8%5.1%1.1%2.3%4.0%80.3%1.2%Untimely responseClosed with non-monetary reliefClosed without reliefClosed with reliefClosedClosed with monetary reliefClosed with explanationIn progressSource: Consumer Financial Protection Bureau

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