Is Select Portfolio Servicing legitimate?
Select Portfolio Servicing is a loan servicing company based in Salt Lake City, Utah, with an additional office in Jacksonville, Florida. Founded in 1989, SPS is not accredited by the Better Business Bureau (BBB) and has received hundreds of complaints for billing/collection problems and potential FDCPA violations.
Does SPS report to credit bureaus?
How does SPS collect my personal information? We also collect your personal information from others, such as credit bureaus, affiliates, or other companies.
Is Select Portfolio Servicing a debt collector?
Select Portfolio Servicing, Inc. is a debt collection company located in West Valley City, Utah, with an office in Jacksonville, Florida.
What bank does Select Portfolio Servicing use?
Payments may be made through Western Union, using the codes below. Bank wire transfers can be sent using the wiring instructions below. Why is it important that I make my mortgage payment on time?
What bank owns SPS servicing?
Credit Suisse
SPS has serviced residential mortgage loans for more than 30 years and RMBS transactions for 19 years. SPS is wholly owned by Credit Suisse and acts as a key component of its parent’s residential mortgage conduit.
Why was my mortgage transferred to SPS?
Homeowners are often transferred to SPS once they become delinquent on their mortgage payments. A payment deferral is designed to bring your account current by adding the past due payments to the end of your loan as a non-interest bearing balloon that is due at maturity or payoff of the loan.
Can I refinance with SPS?
Can SPS refinance my house? No. SPS is not a bank so we do not refinance. If you would like to refinance you house, please contact the bank or lender of your choice to start the process.
Is SPS a mortgage company?
Select Portfolio Servicing, Inc. (SPS) is an industry leading mortgage servicer. Founded in 1989, SPS is headquartered in Salt Lake City, Utah with an office in Jacksonville, Florida.
Who owns my SPS mortgage?
Select Portfolio Servicing
| Formerly | Fairbanks Capital Corp. (1989-2004) |
|---|---|
| Founded | 1989 |
| Key people | Randhir Gandhi (CEO and president) |
| Parent | Fairbanks Holding (1989-2004) SPS Holding Corp. (2004-2005) Credit Suisse First Boston (2005-2006) Credit Suisse (since 2006) |
| Website | spservicing.com |
Why did my mortgage get transferred to SPS?
Homeowners are often transferred to SPS once they become delinquent on their mortgage payments. Changes may include a lower monthly payment, a lower interest rate, a partial deferral, or reduction of principal owed, or an extension of your maturity date.
Are there any problems with Select Portfolio Servicing?
The first foreclosure file had a plethora of problems. It would have been impossible for Select Portfolio’s lawyers to win a foreclosure judgment. The second foreclosure action was a bigger mess.
Who is Laura Wilks of Select Portfolio Servicing?
As part of our standard operating procedure, MFI-Miami requested a copy of the note from SPS. SPS sent us on 12/16/2015 contains only one endorsement stamp endorsing the note to JPMorgan Chase. This stamp bears the stamped signature of Laura Wilks, a former Colonial Bank Vice President.
Is it possible for select portfolio to win a foreclosure judgment?
It would have been impossible for Select Portfolio’s lawyers to win a foreclosure judgment. The second foreclosure action was a bigger mess. As part of our standard operating procedure, MFI-Miami requested a copy of the note from SPS. SPS sent us on 12/16/2015 contains only one endorsement stamp endorsing the note to JPMorgan Chase.
When did Chase Home Finance foreclose on Select Portfolio?
The original servicer Chase Home Finance attempted to foreclose in 2008. However, Chase withdrew the case without prejudice in 2011. It appears they also had a legal standing issue and in typical Chase fashion, they washed their hands of it. They dumped it on someone else.