Select Portfolio Servicing Warning! Can SPS Validate Your Mortgage Debt?

Select Portfolio Servicing Warning! Can Select Portfolio Validate Your Mortgage Debt? Probably Not!

select portfolio servicing warning

Steve Dibert, CEO of internationally-renowned mortgage fraud investigation firm MFI-Miami, announced today that MFI-Miami has discovered serious flaws in the way Credit Suisse subsidiary Select Portfolio Servicing validates debt owed by homeowners. As a result, MFI-Miami has issued a Select Portfolio Servicing Warning to homeowners. 

MFI-Miami CEO Steve Dibert:

Homeowners need to request their complete mortgage transaction histories from Select Portfolio Servicing and review them. If there is missing information or if something doesn’t look right, they need to contact a lawyer or a properly trained mortgage fraud expert immediately!

MFI-Miami has examined nearly 200 transaction histories from mortgage loans currently serviced by Credit Suisse subsidiary Select Portfolio Servicing since 2016. Nearly 175 of these contained serious accounting flaws in the transaction histories. These flaws would call into question the amount homeowners owe on their mortgages. Additionally, MFI-Miami’s team of Forensic CPAs have described SPS transaction histories as everything from a mess to a trainwreck.

Read more at MFI-Miami