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Mortgage servicers delay partial lien release requests for months

Homeowners requesting a partial release of lien to sell part of their property face multi-month delays and poor communication from mortgage servicers, jeopardizing pending sales even when the loan is low-risk.

42mentions
1sources
5.8

Signal

Visibility

5

Leverage

Impact

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Industry Verticals81% match

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Mortgage Servicer Ignores Qualified Written Request Under RESPA

The consumer submitted a Qualified Written Request to their mortgage servicer twice. Shellpoint has not responded appropriately as required by RESPA. Borrowers have no practical enforcement mechanism when servicers ignore statutory response obligations.

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Mortgage servicer unresponsive to short sale applications for years

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Mortgage Servicers Are Completely Unreachable by Phone or Email for Account Issues

Shellpoint Mortgage Servicing cannot be reached through any contact channel for borrowers needing to resolve account issues. The servicer s inaccessibility forces borrowers to escalate to regulators for basic account management. Loan servicer accountability requires the servicer to be reachable, a basic standard that is not enforced.

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