Report: #965104

Complaint Review: CENLAR

  • Submitted: Mon, November 05, 2012
  • Updated: Mon, November 05, 2012
  • Reported By: Debbie — Posen Illinois United States of America

    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.
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This report was posted on Ripoff Report on 11/05/2012 04:07 PM and is a permanent record located here: 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. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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