Category Archives: Mortgage Servicers

Banks Make Mistakes, But They Don’t Learn From Them

Dateline Hernando County, FL. Either history repeats itself, or banks never learn, or perhaps it is just that they don’t care.  One or more of these scenarios is the essence of the story here. A Brooksville, Florida family recently returned … Continue reading

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Foreclosure Fraud, Foreclosure Stories, General Advice, Mortgage Servicers

The Backlash is Starting Against Mortgage Servicers

It took two years, but Servicers might just be starting to get the message.  You can’t treat your homeowners with utter disregard, and not have repercussions. A Fort Benning Soldier, David Brash, on active duty had automatic mortgage payments made … Continue reading

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Foreclosure Fraud, Foreclosure Stories, Homeowner Wins Foreclosure Case, Mortgage Servicers

Are Lenders Attorneys Calendar Challenged?

On March 9, 2011, the Second District Court of Appeals rendered its decision in Sandoro v HSBC Bank in favor of the Homeowner. Their decision is not the end of the case; they sent it back to the Trial Court … Continue reading

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Foreclosure Fraud, Foreclosure Stories, Homeowner Wins Foreclosure Case, Mortgage Servicers

How Mortgages are supposed to be Transferred to a Securitization Trust

There is a growing amount of discussion these days about possible defects in foreclosure proceedings commenced by loan servicers.  A lot of this discussion concerns procedural matters, such as whether the correct steps are being taken to verify the accuracy … Continue reading

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General Advice, History - Or how we got here, MERS, Mortgage Servicers, Overview, The Players

WHAT IS A SERVICER?

The servicer is YOUR mortgage company. It is the company that handles the day-to-day tasks associated with managing your loan. Their duties include but are not limited to: Collecting and remitting loan payments Responding to borrower inquiries Making advances when … Continue reading

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MERS, Mortgage Servicers, The Players

WHY DO YOU NEED TO KNOW THE IDENTITY OF YOUR SERVICER?

There are three reasons why you must always keep track of the identity of your Servicer: 1. Your Servicer is responsible for handling any questions you have about your mortgage loan. Payoff amount? Contact them. Taxes and hazard insurance? They … Continue reading

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Mortgage Servicers

Mortgage Loan Services

What they do: A mortgage servicer does not loan anyone money. Generally, their entry into the marketplace is after the fact. They perform a variety of services like handling payments, escrow accounts, annual statements, dealing with borrowers, collections, etc. This … Continue reading

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Mortgage Servicers, Overview, The Players