Is Select Portfolio Servicing legitimate?

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.

What bank is Select Portfolio Servicing?

(SPS) is a loan servicing company founded in 1989 as Fairbanks Capital Corp. with operations in Salt Lake City, Utah and Jacksonville, Florida….Select Portfolio Servicing.

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.

What is Select Portfolio Servicing worth?

SPS’s servicing portfolio is worth some $30 billion.

Is SPS a mortgage company?

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.

Why was my mortgage sold to SPS?

Homeowners are often transferred to SPS once they become delinquent on their mortgage payments. Changes may include a lower monthly payment, a lower interest rate, a partial deferral, or reduction of principal owed, or an extension of your maturity date.

Why was my mortgage transferred to SPS?

Homeowners are often transferred to SPS once they become delinquent on their mortgage payments. A payment deferral is designed to bring your account current by adding the past due payments to the end of your loan as a non-interest bearing balloon that is due at maturity or payoff of the loan.

Is Select Portfolio Servicing a mortgage lender?

Can I 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.

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.

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.

Can I refinance with Select Portfolio Servicing?

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.