Select Portfolio Servicing Review

Select Portfolio Servicing, Inc. (SPS) is a mortgage servicer of residential prime and subprime mortgage loans acquired by Credit Suisse First Boston (USA), Inc. in 2005. We uncovered seven phone numbers, their website, a bad customer complaint record as well as two additional DBA names of Fairbanks Capital Corp and Fairbanks Capital Corporation for SPS.
Select Portfolio Servicing, Inc. Website and Phone Contacts
Select Portfolio Servicing, Inc. Website: http://www.spservicing.com
Select Portfolio Servicing, Inc. Phone:
800-258-8602
888-818-6032
(801) 293-1883
(801) 293-3848
(801) 293-8830
(904) 702-7691
(904) 722-7691
Fax: (801) 293-1297
Address: 3815 South West Temple, Salt Lake City, UT 84115
Select Portfolio Servicing, Inc. Review
Select Portfolio Servicing, Inc. services mortgage loans and according to past customers and the BBB, is not very good at customer service. You can get a loan modification…but it won’t be easy.
If you are facing foreclosure, you need information (before you call) on just how to deal with these “bad custormer service” mortgage servicers to get your loan modification, click the link to learn more, Stop Your Foreclosure Now!.
When I search for complaints against Select Portfolio Servicing, Inc., I found the worst complaints a mortgage service can get levied against them. Click here to see all the Select Portfolio Servicing, Inc. complaints listed in Google.
BBB Activity on Select Portfolio Servicing, Inc.
“Based on BBB files, this company has unsatisfactory record with the BBB due to unanswered and unresolved complaints.
The BBB processed a total of 136 complaints about this company in the last 36 months, our standard reporting period. Of the total of 136 complaints closed in 36 months, 59 were closed in the last year.”
See Comments Below to Add/Read Customer Opinions On Select Portfolio Servicing, Inc.
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Author: The Mortgage Insider
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John,
I am also in the forclosure process and trying to figure out where to start as far as doing what you have done thusfar, to hopefully have my mortgage deemed fruadulent and have it thrown out totally. Could you point me in the right direction? Like how do I determine if it’s fraudulent? I’d like to be able to speak/exchange messages with you on a more one-on-one basis, but I see now way to register to this site and I am not keen on posting my email here.
Thanks!
KG,
Proving a fraudulent mortgage is difficult, but not impossible. The process starts with retaining an attorney who uses laws on the books to get a full document trail of the mortgage from application documents, closing documents and finally all payment history / servicing documents. Then it’s up to the attorney and a forensic accountant to review the material for violations of the law.
However, remember that if you think your mortgage was fraudulent based on verbal statements…that won’t wash. In every state, verbal statements are not considered part of the deal in real estate / mortgage transactions…only the written promises in the paperwork count. The “I didn’t see that clause” won’t hold up either. Not reading or understanding the documents is NOT a defense.
Alot of folks say. “I was “told” I’d have a fixed rate, no pre-payment penalty mortgage…but that’s not what I got. I’m suing for fraud.” This clearly won’t work. The borrower may have relied on the spoken promises of the loan officer, but once the borrower signed paperwork with specific albeit different terms….he’s on the hook for what was in writing. In other words, the law doesn’t care what you were “told”…it only cares about what you signed.
Good Luck!
PS: Borrowers can save their home from foreclosure by knowing who to talk to and what to say….read more about foreclosure negotiation…click here.
If you have been treated unfairly or they have used deceptive tactics you should doccument them and report them to the Department of Banking and Finance in your state. It has worked for me.
I am having a lot of problems with SPS. Interested in legal/class action.
Presently I have SPS/ Fairbanks Capital in Federal Court Because they used a Fraudulent Mortgage Contract to try and claim my property in a foreclosure action. Now during the Foreclosure Action I got their Lawyers to Admitt the Contract was Fraudulent, and I got them to turn over documents from SPS showing they too knew the contract was Fraudulent.Now in Federal Court they have not DENIED the charges they have just tried to evade the charges with lame arguments.Which they filed too late.They also filed documents on behalf of there parent company who I also charged (Credit Suisse)who they are not representing. So much for Dorothy Davis.Now I’m just waiting for the ruling from the Judge. This was all done PRO SE.