America's Servicing Company Mortgage Review and Nationwide Expansion

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A Person Handing over a Mortgage Application Form
Credit: pexels.com, A Person Handing over a Mortgage Application Form

America's Servicing Company has been a trusted name in the mortgage industry for years, with a strong presence in the US market. They've been in business since 2005.

Their nationwide expansion has allowed them to serve clients across the country, providing mortgage services that cater to diverse needs. This has made them a go-to choice for many homebuyers and homeowners.

America's Servicing Company has a reputation for reliability and efficiency, with a team of experienced professionals who handle every aspect of the mortgage process. They're known for their prompt communication and transparent processes.

Their commitment to customer satisfaction has earned them a loyal client base, with many satisfied customers who've experienced seamless mortgage transactions.

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Reviews and Ratings

America's Servicing Company Mortgage has received generally positive reviews from its customers.

Their average customer satisfaction rating is around 4.5 out of 5 stars, based on reviews from multiple sources.

Many customers praise the company's knowledgeable and friendly staff, who are able to answer their questions and address their concerns.

Credit: youtube.com, Worst Loan Servicers

Some reviewers have noted that the company's communication can be a bit slow at times, but overall, they are satisfied with the service they received.

Their mortgage servicing fees are competitive with other companies in the industry, with some customers reporting savings of up to $200 per year.

America's Servicing Company Mortgage has also received recognition for its community involvement and charitable efforts.

Shellpoint Selects Arizona to Expand Nationally

Shellpoint Mortgage Servicing has chosen Arizona as the location for its national expansion, which is a significant move for the company.

This decision is likely driven by the state's business-friendly environment and growing economy.

Shellpoint Mortgage Servicing is a leading provider of mortgage servicing solutions, and its expansion into Arizona will enable it to serve more customers across the country.

The company plans to establish a significant presence in the state, with plans to hire hundreds of new employees to support its growth.

Credit: youtube.com, Shellpoint Mortgage Servicing

Arizona's favorable business climate, including its low cost of living and access to a skilled workforce, made it an attractive location for Shellpoint's expansion.

Shellpoint's expansion into Arizona will not only create new jobs but also contribute to the state's economy.

The company's decision to expand into Arizona is a testament to the state's growing importance in the mortgage servicing industry.

Mortgage Services

America's Servicing Company offers multiple phone numbers for customer contact, including 800-662-3806 and 866-674-1430.

You can reach the Loss Mitigation Dept. at 877-222-7875 for specific mortgage assistance.

The company's main address is 1 Home Campus, Des Moines, IA 50328.

For authorizations, you can fax 612-312-3905 or 612-312-4951.

Additionally, you can reach America's Servicing Company's main office at 866-453-6315 via fax.

Foreclosure and MERS

Foreclosure and MERS can be a complex and intimidating process for homeowners. MERS, or Mortgage Electronic Registration Systems, Inc., was a company that allowed mortgage lenders to electronically record mortgage assignments and other documents.

Credit: youtube.com, MERS Registry Comes Under Fire in Foreclosure Crisis: Video

MERS was created to simplify the process of buying and selling mortgages. It was used by many major lenders, including Bank of America and Wells Fargo. As a result, millions of mortgages were registered with MERS.

In 2010, a class-action lawsuit was filed against MERS, alleging that it was operating as a "rogue" entity that was not properly recording mortgage assignments. The lawsuit claimed that MERS was causing homeowners to lose their homes due to incorrect foreclosure procedures.

A key issue with MERS was that it did not always properly record mortgage assignments, which can lead to confusion and disputes over who actually owns the mortgage. This can make it difficult to determine who has the right to foreclose on a property.

In some cases, MERS was found to be acting as a nominee for the actual mortgage owner, but failing to properly disclose this information. This can lead to problems when trying to resolve disputes or modify mortgage terms.

Frequently Asked Questions

Who took over American Home Mortgage Servicing?

American Home Mortgage Servicing was acquired by WL Ross & Co. LLC for $435 million. WL Ross & Co. LLC took over the loan servicing unit of bankrupt American Home Mortgage Investment Corp.

Tommie Larkin

Senior Assigning Editor

Tommie Larkin is a seasoned Assigning Editor with a passion for curating high-quality content. With a keen eye for detail and a knack for spotting emerging trends, Tommie has built a reputation for commissioning insightful articles that captivate readers. Tommie's expertise spans a range of topics, from the cutting-edge world of cryptocurrency to the latest innovations in technology.

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