My loan was transferred to SLS in 12/06 and it has been a horrible experience ever since. The harrassment calls, the unprofessional staff, and their reluctance to sell the loan is unheard of?. I tried to refinance with another company in May 07 and SLS refused to cooperate with the lender:. They refused to give a payoff quote and consistly stalked me eventhough they verbally agreed to cooperate/. They placed negative information on my credit report and failed to perform on a forebearance agreement/. Does anyone want to file a class action suit against them? Please let me know?

I have enough with this company and their BS?. Its time to fight back!. SPS (Select Portfolio Servicing) Faibanks is just as bad,.

If anyone has any information on class action suits against both these companies please e-mail me at

2cd145b



  Comments (53)
1. Written by fidel on December 18, 2011

Specialized Loan Servicing LLP is: 

 

 

"DEBT COLLECTORS" 

 

not banks, lenders, investor or servicer. 

 

In short has no full standing in your mortgage!!!
2. Written by fidel on December 18, 2011

The BEST Strategies that have been employed is the "Produce The Note" Strategy. Ask Specialized Servicing Loan if they are the"TRUE HOLDER OF THE NOTE" (promissory note)with your mortgage, if their answers is; they are not the "true holder of the note" then, they have no standing to foreclose or send payment to them because they did not own your property, mortgage or ownership they were just mere a Debt Collectors 

And it does not require a Homeowner to go to court at all. It is Strictly an "administrative process" pursuant to the "Administrative Procedures Act of 1946." By which the homeowner is legally authorized to reconvey the property title back in his/her name, thereby revoking any authority by the lenders to foreclose on the property.
3. Written by Lisa on December 8, 2011

If you feel you have been a victim of mortgage fraud involving Specialized Loan Servicing you should file a complaint with your State Attorneys General office. If you are in California or Nevada, it is important to document your situation with SLS. It is easy to file an online complaint. California and Nevada Attorney's General are actively reviewing the fraudulent practices of these companies! File today!!
4. Written by Gary on December 5, 2011

my BOA mortgage is being "transfered" to them even though my house is up for Short Sale. I tried to talk to call them to give them some information but since I am not yet into the system all I get is an endless loop recording. I finally got a person who was an *** and only wanted to transfer me back to the recording. Nice way to do business
5. Written by Former SLS employee on November 28, 2011

TO the current employees that posted here: calling homeowners clowns, I must admit after working for this HORRIBLE, backstabbing organization I cant determine if it is worse for the employees or the customer?? Management is a dictatorship that does not listen to employee concerns or suggestions.  

Customers are treated with no compassion and it is an organization that only cares about rude and careless collection practices. If ever there was another investor that wanted to move thier portfolio over - Beware...
6. Written by Mile High on November 27, 2011

I have an idea. Pay your bills and learn what exactly a mortgage servicing company actually does. They don't purchase your loan. Investors purchase loans and have SERVICERS like SLS to SERVICE said loan. Computershare was smart to buy SLS. Very profitable company. If you can't pay for a home, don't buy one you clowns!
7. Written by Rita on November 24, 2011

They are about to put my house in foreclosure I contacted them and tried to work someithing out they say its not in foreclosure yet but the lawyers have been contacted and have to be paid first, if your having a hard time making your payments how do they want you to pay a *** lawyer?
8. Written by bushkie2000 on November 12, 2011

Complete and utter IDIOTS!!!! Not a person who works for them is competant!! The sad thing is, they received money from the bail out program and no one was bailed out!!!! They have THEIRS coming to them.
9. Written by JN consumer on November 4, 2011

I was notified my loan was transferring over but never - never recieved any correspondence from Specialized Loan Servicing. I ended calling them monthly. They said my credit would not be affected - Well I checked my credit and guess what - another call to get that corrected. Do they get paid to cause consumer dissatisfaction??
10. Written by REALTOR 67 on November 4, 2011

Specialized Loan Servicing is a JOKE. I tried to get a simple questions answered and was transferred to dept to dept to a point where I finally got so frustrated I wanted to speak to a manager. Even more disapointed. I cant blame the representative - I blame the management. I feel so so sorry for the homeowners that dont have a choice but to refinance to get away from these ABSOLUTE CLOWNS!!!

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