Shellpoint & New Rez Loan Servicing Complaints
We Help Clients Across Florida Fight Credit Report Errors
At Boss Law, we understand that working with loan servicing companies can
be frustrating when their errors impact your finances or damage your credit
score. Loan servicers are responsible for collecting and processing payments
from homeowners, as well as handling loss mitigation applications and
foreclosures for defaulted loans. However, when loan servicing companies
make errors or deliberately use harmful practices when managing homeowners’
accounts, it can lower credit scores and even result in unnecessary foreclosure.
We Proudly Help Clients Seek Compensation for Loan Servicing Violations
When it comes to mortgage servicers, Shellpoint Mortgage Servicing, which
was acquired by New Residential Investment Corp (NewRez) in 2019, has
a terrible reputation among homeowners. In 2018, Shellpoint Mortgage Servicing
was accused of violating Massachusetts state law by failing to take necessary
measures to help their customers avoid foreclosure. Under the state’s
law, creditors must make a “good faith effort to avoid foreclosure
for borrowers whose mortgage loans have unfair subprime terms."
The case against Shellpoint was settled with a $3.5 million principal reduction,
which will be established through a "loan modification program"
and by waving deficients incurred by homeowners when their properties
sell for less than the amount they owe on their home. Shellpoint also
had to pay $450,000 to the state of Massachusetts.
Although Shellpoint agreed to make “major business practice changes
to address these deficiencies,” the company still brings in the
highest number of mortgage-related consumer complaints to the Consumer Financial Protection Bureau. That is why Boss Law is here
to assist if you have complaints about the way Shellpoint has handled
Loan Servicing Complaints We Handle
Reach out to our legal team in St. Petersburg today if you need legal advice
regarding any of the following issues with an account that you have open
with Shellpoint Mortgage Servicing:
- Unfair late charges
- Excessive or unexpected fees
- Wrong account or incorrect information errors
- Loan servicer fraud
- Incorrect reporting to credit agencies
- Misleading information regarding a loan
- Forbearance due to reporting errors
Speak to Our Knowledgeable & Efficient Lawyers Today
Our compassionate and talented
debt relief team at Boss Law is dedicated to using our extensive resources and legal insight
to help clients throughout Florida stay in their homes and hold negligent
loan servicing companies accountable for their errors. If you have been
wronged by Shellpoint Mortgage Servicing and need help taking legal action,
then please stop by our law office today so we can get to work for you.
Give us a call today at (727) 877-3188 or contact us online to schedule your free case consultation.