Specialized Loan Servicing Warning! Can Specialized Loan Servicing Validate Your Mortgage Debt? Probably Not!
Steve Dibert, CEO of internationally-renowned mortgage fraud investigation firm MFI-Miami, announced today that MFI-Miami has discovered serious flaws in the way Specialized Loan Servicing validates debt owed by homeowners. Specialized Loan Servicing is owned by Computershare out of Australia. As a result, MFI-Miami has issued a Specialized Loan Servicing Warning to homeowners.
MFI-Miami CEO Steve Dibert:
Homeowners need to request their complete mortgage transaction histories from Specialized Loan Servicing and review them. If there is missing information or if something doesn’t look right, they need to contact a lawyer or a properly trained mortgage fraud expert immediately!
MFI-Miami has examined nearly 150 transaction histories from mortgage loans currently serviced by Computershare subsidiary Specialized Loan Servicing since 2015. Nearly 140 of these contained serious accounting flaws in the transaction histories. These flaws would call into question the amount homeowners owe on their mortgages. Additionally, MFI-Miami’s team of Forensic CPAs have described SLS transaction histories as everything from a mess to a trainwreck.
These flaws include 5-year and 10-year gaps in the transaction histories. They also include conflicting payoff figures on payoffs dated the same day. As well as transaction histories with fictitious and inflated payments made to local taxing authorities.
Steve Dibert also said:
There is a definite pattern of impropriety going on here. I find it odd that one of the largest mortgage servicers in the US can’t do the basic 5th-grade math required to calculate an accurate payoff on a mortgage.
Specialized Loan Servicing Warning! SLS Settles Lawsuit For Forced-Placed Insurance Scam
Earlier this year, Specialized Loan Servicing agreed to a settlement that will resolve claims regarding unfair lender-placed insurance.
SLS customers can seek compensation for being illegally charged lender-placed insurance under the terms of the settlement
The plaintiffs also claim that this scheme and the process of choosing lender-placed insurance policies resulted in excessive fees and premiums.
The settlement settled all claims against Specialized Loan Servicing. Although none of the defendants admit any wrongdoing. Instead, a settlement provides an avenue for both defendants and plaintiffs to avoid the costs of further litigation.
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