What To Do If My Loan Was Sold To Specialized Loan Servicing Llc

Specialized Loan Servicing, LLC or SLS is a residential mortgage servicing corporation based in Coloradowhich receives a lot of consumer complaints to our law business firm for debt harassment. Find out who they are, why they might exist calling, and how you tin can cease them.

What is Specialized Loan Servicing?

SLS' headquarters is located in Highland Ranch, CO. They also accept offices in Arizona and a payment processing center in Atlanta, GA. The BBB indicates that SLS was founded locally in 2003, and incorporated in Delaware in the same year. The BBB opened its file on SLS four months after SLS' initial founding. The main web accost for this company is www.sls.cyberspace, but the BBB lists a secondary site at www.samreo.internet. Buzzfile indicates a founding engagement of 2011, an estimated almanac revenue of $183.4 million, and an estimated staff of 1,258 people at the headquarters location.

SLS is non a collection agency, but they sometimes operate in a similar capacity. SLS describes itself as an asset management company and works exclusively with real manor loans, many of which are delinquent; thus, like collection agencies, SLS' processes runaway debt, but their efforts are focused on home foreclosures rather than credit card balances.

Commonly, approval a habitation loan requires an applicant to appear at a lending establishment such every bit a depository financial institution or savings and loan. After lending managers decide the borrower's ability to successfully assume the loan, the depository financial institution exercises its professional judgement to either approve or deny the loan. The new homeowner typically pays off the loan over a form of thirty years. The bank'south interest in providing this service is realized in interest income and the potential for refinancing based on holding improvements and appreciation.

As a 3rd-party servicer of mortgage loans, SLS does not effect home loans. Instead, they work with financial institutions after loan signing to purchase home mortgages, frequently without the knowledge or consent of the borrower. SLS claims the benefit of this service is to provide more constructive and profitable loan servicing. SLS also operates a group of affiliated loan service organizations, including Altavera Mortgage Services, Uppercase Markets Cooperative, Computershare Loan Services, and Mortgage Solutions.

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Complaints against Specialized Loan Servicing LLC – SLS

The Better Concern Bureau lists 359 complaints closed against SLS in the past iii years, with 126 in the by 12 months. Only 38 of these complaints have been resolved to the satisfaction of the complainant. Many of the complainants point that their mortgages were sold without their consent, and that SLS institutes new methods of distributing mortgage payments that result in increased involvement rates, missed payments, late fees, and reports of delinquencies on their credit reports. The 63 negative reviews allege openly calumniating customer service and fraudulent business concern practices. Justia lists at least 50 cases of civil litigation naming SLS as a defendant.

SLS Contact Information

Specialized Loan Servicing, LLC
8742 Clear-cut Blvd., Ste. 300
Highlands Ranch, CO 80129-2386
Telephone: 1-720-241-7200
Website: https://world wide web.sls.net/

Who are we? We are Lemberg Police force, a Consumer Law Business firm

Lemberg Law is a consumer law firm helping victims of drove harassment and abuse. Nosotros are ranked A+ by the BBB. Nosotros've helped more than than 15,000 consumers stop harassment and recover coin from debt collectors. Harassed? Driveling? Misled past a collector? Call our Helpline today! There is no charge unless we win.

Agreement Your Debt Collection Rights

Federal laws protect y'all. The Fair Debt Collections Practices Human action (FDCPA) regulates the behavior of drove agencies by prohibiting actions such as the utilise of abusive or threatening language; harassment; or the use of false or misleading information to collect a debt. The FCRA regulates how drove agencies and creditors report delinquent debts to credit reporting agencies. Boosted consumer protection laws include the Telephone Consumer Protection Act (TCPA) and the Consumer Fiscal Protection Human action (CFPA).

But here'due south the rub: If you lot desire to enforce your rights, or recover money for violations — you lot demand to sue. These laws provide individuals similar you with a means to seek monetary damages in court. For instance, the FDCPA allows consumers who have been violated to recover damages of up to $1,000, plus attorney fees and court costs.

Set to Stop the Harassment?

The Lemberg Law legal squad is committed to property debt collectors accountable, and then complete our form for a Gratis example evaluation, or call 844-685-9200.

What Our Clients are Saying

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Can You Help Me DeleteSpecialized Loan Servicingfrom My Credit Report?

Chances are we can. Call u.s.a. to today and we'll tell y'all how we can help.

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About the Author:

Sergei Lemberg is a lawyer whose exercise focuses on consumer law, class actions and personal injury litigation. He has been repeatedly recognized equally the "almost active consumer attorney" in the land. In 2020, Mr. Lemberg represented Noah Duguid in the United States Supreme Court in the example entitled Duguid v. Facebook. He is the author of Defanging Debt Collectors, a book that teaches consumers how to boxing debt collectors and win.

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