May 11, 2020 · Under the settlement, SLS will pay $775,000 in restitution to affected consumers according to a redress plan that the Bureau will approve. SLS will also pay a $250,000 civil money penalty to the Bureau, and will waive $500,000 in borrower deficiencies.

Oct 11, 2024 · A class action claims Specialized Loan Servicing unlawfully collected payment processing fees from borrowers who made mortgage payments by phone.

Mar 31, 2020 · Plaintiff Barack O. has filed a lawsuit against Specialized Loan Servicing (SLS), claiming that the company regularly violates the Texas financial code by charging illegal processing fees to borrowers who pay their monthly mortgage payments over the phone.

On May 11 2020, the Consumer Financial Protection Bureau (Bureau) issued a consent order against Specialized Loan Servicing, LLC (SLS), a mortgage-loan servicer in Colorado. As of February 29, 2020, SLS serviced a portfolio of mortgage loans worth about $112.69 billion.

On January 4, 2024, the United States District Court for the Eastern District of Virginia denied SLS’s motions. This means that the case will proceed as a potential class action against SLS for its unlawful assessment and attempted collection of amounts on second mortgages.

Mar 17, 2020 · A Texas man claims in a proposed class action that Specialized Loan Servicing LLC has charged unlawful fees for mortgage payments made over the phone. The lawsuit alleges these “pay-to-pay” fees are not authorized by customers’ mortgage agreements nor permitted under federal and Texas law.

Nov 8, 2023 · A class action lawsuit accuses debt servicer Specialized Loan Servicing LLC of illegally contacting people in foreclosure about their unpaid mortgages, even though SLS allegedly knew those people were represented by attorneys.

Feb 25, 2019 · If you were charged for lender placed insurance by Specialized Loan Servicing between Jan. 1, 2011 and Oct. 31, 2018, you could benefit from a settlement!

1. This is an action for damages brought by an individual consumer and on behalf of a class for defendant’s violations of the Fair Debt Collection Practices Act (“FDCPA”), 15 U.S.C. § 1692, et seq. which prohibits debt collectors from engaging in …

Dec 9, 2024 · Plaintiff Thomas R. Layton brings this putative nationwide class action against defendant Specialized Loan Servicing, LLC (“SLS”), his mortgage servicer, for manipulating the posting of payments to generate unwarranted late fees …