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SLS bought the servicing on our mortgage in Oct 16. In Feb 17, our payment went up by $84 per month to cover the SLS calculated escrow required.

That knowledge took over 90 minutes to extract from 5 SLS employees. They claim that this is all legal and will stop next Feb 18, but I don't trust them. They claim to exploiting a loophole allowing them to keep a minimum of two months escrow in the account as a balance. both previous servicers did not do this and neither did any other mortgage provider.

Why didn't the other two banks keep this $1000?

SLS claims that the contract is moot. Perhaps they were honest.

Reason of review: Excessive Escrow.

Monetary Loss: $1000.

Preferred solution: Full refund.

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