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.
Is Select Portfolio Servicing a collection agency?
Select Portfolio Servicing, Inc. is a debt collection company located in West Valley City, Utah, with an office in Jacksonville, Florida.
Why was my mortgage sold 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.
Is Select Portfolio Servicing a lender?
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.
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.
Who owns SPS portfolio?
Credit SuisseCredit Suisse First BostonSP Holding Enterprises Corp.
Select Portfolio Servicing/Parent organizations
Can SPS foreclose on a house?
To be considered for one of these programs, you must submit a complete application to SPS to determine eligibility. If you are facing foreclosure on your mortgage serviced by SPS, we can help you understand your options for stopping the foreclosure and staying in your home.
Who does select portfolio service for?
Select Portfolio Servicing (SPS) offers several Home Retention Options for borrowers who fall behind on their mortgage payments and want to stay in their home. These options, detailed on their website, include: Loan modification. The terms of your mortgage will be modified to make your payments more affordable.
Does Select Portfolio do loan modifications?
Modification –We may be able to provide you with a more affordable monthly payment by making changes to the terms of your mortgage loan. These changes may include a reduction of your interest rate, a partial payment deferral or an extension to the maturity date of your mortgage loan.
Is SPS a lender?
(SPS) is a nationally recognized mortgage servicer specializing in the servicing of single-family residential mortgages. SPS was founded in 1989 and is headquartered in Salt Lake City, Utah, with an office in Jacksonville, Florida.