Complaint Review: LoanCare Servicing Center
LoanCare Servicing Center Worst Mortgage Company next to Fannie & Freddie!! Virginia Beach Nationwide
I have had LoanCare Servicing Center as my mortgage carrier for over 5 years and my mortgage payments are automatically deducted so I have never been late on a payment. Approximately two months ago we had a chimney fire with damage to my home. I called our insurance adjuster who came out immediately and began the process. I had all paper work and a check within two weeks. However LoanCare requires that they also sign the insurance check and must inspect all work before they will disperse portions of your insurance check. I am 6 weeks into this and I still have not had a LoanCare inspector to my home. The work on my home is nearly complete, but LoanCare has cancelled two inspection calls, yes calls. Because once an inspection is requested it will take 3 - 5 days for the actual inspector to call you and set up the appointment. Once this process is over, I will immediately change mortgage companies even if I have to pay closing costs. I will never recommend or use LoanCare Servicing Center again they are a rip off.
This report was posted on Ripoff Report on 05/20/2014 12:42 PM and is a permanent record located here: http://www.ripoffreport.com/reports/loancare-servicing-center/nationwide/loancare-servicing-center-worst-mortgage-company-next-to-fannie-amp-freddie-virginia-1148279. 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
If you would like to see more Rip-off Reports on this company/individual, search here: