SELECT PORTFOLIO SERVICING: TO IMPLEMENT PRUDENT AND FAIR SERVICING PRACTICES - FORECLOSURE FRAUD

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SELECT PORTFOLIO SERVICING: TO IMPLEMENT PRUDENT AND FAIR SERVICING PRACTICES

SELECT PORTFOLIO SERVICING: TO IMPLEMENT PRUDENT AND FAIR SERVICING PRACTICES

  1. Petition by

    chris wyatt

    Spring, TX, United States

     

For foreclosure defense, mortgage fraud services please go to https://www.mortgageauditsonline.com/

My name is Chris Wyatt, I am a former Litton Loan Servicing executive who left the mortgage and banking industry in 2010 after 21 years in the business to consult with homeowners and their attorneys on mortgage-related cases. I have been retained as an expert in a number of high profile cases, including class action cases involving loan modifications, HAMP, force placed insurance, and property inspection fees, brought against the mortgage loan servicing industry. In addition, I was recently contacted by a prominent and aggressive state regulator seeking assistance in providing documentation and evidence reflecting wrongful servicing practices occurring with the mortgage loan servicing industry.

 Over the past several months, I have been attempting to assist a number of Select Portfolio Servicing homeowners’ who are, among other things, enduring a never ending cycle of frustration and confusion concerning the servicing practices of Select Portfolio Servicing. Based on my review, Select Portfolio Servicing has, among other things, failed to appropriately and timely apply payments, assessed unwarranted fees, failed to timely respond to loan modification requests, or wrongfully denied a loan modification requests.

 For example, Select Portfolio Servicing advises a homeowner seeking loss mitigation options that a single point of contact (“relationship manager”) has been assigned to assist with the communications, questions, or status’ during the loss mitigation process. Contrary to this assertion and mandates issued by regulators, I found that homeowners are being tossed from one representative to another when seeking information concerning the status of loss mitigation. If that is the case, why even tell homeowners that they have been assigned a dedicated relationship manager?

 Given the foregoing and the lack of good faith effort on Select Portfolio Servicing’s part to assist homeowners, one of which is elderly, I believe it is in best interest of homeowners to join together and seek regulatory intervention into the servicing practices of Select Portfolio Servicing. In order to obtain regulatory intervention, we must be able to a larger number of documented instances of unfair and deceptive practices being utilized by Select Portfolio Servicing.

 Therefore, I am requesting homeowners execute this petition and consider providing me documented details concerning their experience with Select Portfolio Servicing in order to show regulatory agencies that Select Portfolio Servicing is operating in a manner that is contrary to mandates issued by regulatory agencies for prudent and fair servicing practices.

 For clarification, I do not charge individual homeowners for any of my consulting, assistance, or review services and will not divulge any information concerning a homeowner’s account without their express permission. Instead, my efforts are intended to assist homeowners with navigating the frustrating world of mortgage loan servicing and to force appropriate changes in the practices of Select Portfolio Servicing to ensure all homeowners are receiving fair and equitable treatment.

 If you have interest in contacting me directly or sharing your story, you may email me at cwyatt@wyattconsultingservices.com

 

 

 

https://www.mortgageauditsonline.com/

© 2010-19 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



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10 Responses to “SELECT PORTFOLIO SERVICING: TO IMPLEMENT PRUDENT AND FAIR SERVICING PRACTICES”

  1. howard says:

    I sent select profile everything they asked I called them time and time about my
    Modification and after 2 yrs they still want me to send them the same info I already gave them I called them and told them I sent it and why you keep asking me for the same thing I already sent you now the closed the modification and got a sheriff sale. Don’t know what’s going on

  2. Robert says:

    The big banks set this plan up! The investors. Got paid by the government! And they. Still kept all their properties!they did not use the hamp programs at all! They earned double. For every. Morgage that was done with all this banks!

  3. Baychar says:

    The same has happened to many more.
    B

  4. Terry Pitts says:

    The ENFORCEMENT DIVISION OF (CFPB) Consumer Financial Protection Bureau is very interested in the results of the review realated to (SPS) Select Portfolio Servicing unfair practices in RE: to servicing mortgage loans, illegal foreclosure,etc call 855 830-7880

  5. Terry Pitts says:

    The ENFORCEMENT DIVISION OF (CFPB) Consumer Financial Protection Bureau is very interested in the results of the review realated to (SPS) Select Portfolio Servicing unfair practices in RE: to servicing mortgage loans, illegal foreclosure,etc call 855 830-7880 the CFBP Will send a complaint packet to you IM NOT GOING TO GIVE IN TO SPS WHO’S WITH ME

  6. Terry Pitts says:

    I want to thank Chris Wyatt for his excellent knowledge re:(SPS)Select portfolio servicing company & their unfair business practices. Mr. Chris Wyatt works on high profile cases with attorneys.

  7. Audrey G says:

    What is going on with nationstar? My home was just transferred from nationstar to SPS servicing. I’m very nervous and unsure why this happened.

  8. Loudes says:

    Going through the same thin with these company

  9. Julia Robinson says:

    We just lost our home because of fraudulent practice from SPS. It became even more of mess when we hired an atterney they screwed me over . They ended up dropping me as a client because I couldn’t pay them more money. Iost in court now we are homeless. I’m in what ever you need from me. Let me know they can’t get away with this. They need to suffer and lose everything they have,as we have

  10. I AM TIRED AS A GRIEVING WIDOW- US BANK ILLEGALLY HIRED A HOME MANAGEMENT CO WHO STATED THEY CANNOT SPEAK TO ME – SPS AGENT CAN’T SPEAK TO ME- loss mitigation is processing- my aus-Texas Leaders help SPS – the stress and emotional roller coaster ride- and they enjoy it- they know truly provide you with the point of contact my aus-ten bucks a new one – Ortiz- Hall- Oats- Creditor attorneys who recommend administrators attorneys- all from the same Houston ” You Just Got Punked” Country ” The Ride of pute Bliss $$$ bonuses from the Aus 6ft þas you are sitting out side a Wal-Mart with your empty coffee cup- hoping for someone’s spare change can get you a warm cup of Joe- for dinner- as the hired help burglerised- your property said to be set aside- and had they taken the mortgage payment- Keith Richard (Dick) for short. would not be in court lying- ( Just keep wking with the mortage co?? NO SHET CHURNEDLOCKS- Says the attorney for We do not want your home we want you to be successful- Succ- my aus-ten bucks – I am not the only one- SPS – when you need service that Suxs aus-ten – wait to you meet the real clows- they are said to be real helpful in how the screw the light bulb they stole from you and called it their own- and called it a real cash out opt-

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