• Report: #965104
Complaint Review:


  • Submitted: Mon, November 05, 2012
  • Updated: Mon, November 05, 2012

  • Reported By: Debbie — Posen Illinois United States of America
Internet United States of America

CENLAR Central Loan Administration & Reporting Fees added to your Montly Mortgage Payment, Hidden , Internet

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We recently inquired about refinancing our mortage to take advantage of the lower rates.  If you have a mortage with CENLAR, (Central Loan Administration & Reporting) Beware!!  When you sign the release for information with the New Lendor, CENLAR will charge you $5.00 for every single payoff report the New Lendor requests.  In trying to Re-fi, I am now out $25.00.  It does not matter how many they get.  The mere fact they were asked, will cost you $5.00!

CENLAR, took from the extra I was sending them toward my Principle, $5.00 for every request made.

They don't even tell you what the fee is for, on your statement, and if you call them, they will automatically tell you it's a Late Fee and blame it on you.

This report was posted on Ripoff Report on 11/05/2012 04:07 PM and is a permanent record located here: http://www.ripoffreport.com/reports/cenlar/internet/cenlar-central-loan-administration-reporting-fees-added-to-your-montly-mortgage-payment-965104. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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