Why was my mortgage transferred to SPS?
Homeowners are often transferred to SPS once they become delinquent on their mortgage payments. Many lenders try to protect their brand when it comes to foreclosing on homeowners.
Who owns SPS servicing?
Credit Suisse
Credit Suisse First BostonSP Holding Enterprises Corp.
Select Portfolio Servicing/Parent organizations
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. It was established in 1989, has over thousands of employees across its two locations, and is managed by its President, Timothy O’Brien.
Can you 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.
How do I order a payoff in SPS?
Payoff FAQ
- Online. Request a payoff quote through this website.
- Phone. Call one of our experienced Customer Service representatives to request a payoff quote.
- Mail* Send your request to: Select Portfolio Servicing, Inc. Attn: Payoff Dept. P.O. Box 65250. Salt Lake City, UT 84165-0250.
- Fax* Fax your request to 801-269-4269.
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. Why can’t I limit all sharing? State laws and individual companies may give you additional rights to limit sharing.
When did SPS begin servicing US bank mortgage debt?
According to the lawsuit, the plaintiff’s U.S. Bank mortgage debt was accelerated in 2009 and began being serviced by SPS in 2013.
What is the National Mortgage Settlement?
On February 9, 2012, the Attorney General announced that the federal government and 49 states had reached a settlement agreement with the nation’s five largest mortgage servicers to address mortgage servicing, foreclosure, and bankruptcy abuses (the “National Mortgage Settlement”).
What was the National Mortgage Settlement of 2012?
The National Mortgage Settlement (2012) On February 9, 2012, the Attorney General announced that the federal government and 49 states had reached a settlement agreement with the nation’s five largest mortgage servicers to address mortgage servicing, foreclosure, and bankruptcy abuses (the “National Mortgage Settlement”).
What was the settlement with Chase Bank?
In March 2015, the United States Trustee Program entered into a national settlement agreement with JPMorgan Chase Bank, N.A. (Chase) requiring Chase to pay more than $50 million including cash payments, mortgage loan credits and loan forgiveness to over 25,000 homeowners who are or were in bankruptcy. Settlement Documents [PDF – 1 MB]