Skip to main content

Cookies on BBB.org

We use cookies to give users the best content and online experience. By clicking “Accept All Cookies”, you agree to allow us to use all cookies. Visit our Privacy Policy to learn more.

Manage Cookies
Share
Business Profile

Mortgage Broker

Select Portfolio Servicing, Inc.

This business is NOT BBB Accredited.

Find BBB Accredited Businesses in Mortgage Broker.

Reviews

This profile includes reviews for Select Portfolio Servicing, Inc.'s headquarters and its corporate-owned locations. To view all corporate locations, see

Find a Location

Select Portfolio Servicing, Inc. has 10 locations, listed below.

*This company may be headquartered in or have additional locations in another country. Please click on the country abbreviation in the search box below to change to a different country location.

    Country
    Please enter a valid location.

    Customer Review Ratings

    1.08/5 stars

    Average of 192 Customer Reviews

    Want to share your experience?

    Leave a Review

    Review Details

    • Review fromKristie N

      Date: 10/01/2024

      1 star
      Where do I even begin? My loan was switched over to *** and *** had all the wrong tax Information. After contacting them for months about this issue, they reassured me it would be fine, they managed to increase my monthly payments an additional $1000!! They now refuse to help with me an assistance program or any option, Im now going to be behind on my payments due to SPS neglect . The **** dont know anything, they cant help you. No supervisor on my account, they are an absolute nightmare and should be shut down. Avoid at all costs.
    • Review fromJason N

      Date: 09/30/2024

      1 star
      Horrible service, refinanced through a different lender and SPS did the closing recording incorrect which has lead to a lien being placed on the paid off mortgage. Been calling them for months and escalating explaining in detail that I need the recording corrected to pull the lien so I can get an equity loan through my new provider. They say give them ************************************************************** the documents then I received a copy of the original stating it was a valid recording but no correction so I'm still at a stalemate with getting the loan. I have called and authorized my closing lawyer multiple times to call in on the old account and when they called they are denied not being an authorized caller. I have been calling SPS and escalating for 2= months now with no real action besides ( We're researching it )
    • Review fromSamantha C M

      Date: 09/06/2024

      1 star
      This is a very unprofessional company, I feel as though I am being scammed and really don't owe the debt. This loan was transferred from *********** a mortgage loan company as of July *******. and was informed it would take 30 days to set the account up. I received a statement dated July 31/ 2024. On or around July 30, 2024, I attempted to setup an on-line account only to get the message that the loan could not be found. I called *** and spoke with one of their representative and was informed me that a payment could be taken over the phone and to give SPS a few more days and the matter would be corrected. On August 23, I again attempted to setup an on-line account to make a payment only to get the same response that the loan could not be found based on the identifiers in which I was using. I tried using the loan number in which was provided from ***, I tried using my SS#, and phone number and still got the same response. I proceed to call SPS to inquire what the issue was, only to be told they would look into the matter and saw that a ticket for this issue had been issued on this matter and to give them a few more days and that Statebridge did not send them any of the identifiers which are used to setup an account. I was also informed that maybe I wanted to try setting up this account using my ex-husband information, which I do not have and inquired why it could not be setup using my information as I am the primary on the account and the one making the payments I received a statement from SPS dated 08/15/24call in to make a payment on the account, which is still not setup, I sent an email with a copy of my SS# asking that it be assigned to loan only to be told again that maybe I should try setting it up under my ex-husband SS#., I again inquired as to why this account could not be setup under my identifiers as again I am the one making the payments. On September 4, 2024 I received a call from *** about a payment. Please assist me. Thank
    • Review fromJim S

      Date: 09/04/2024

      1 star
      They call you one day after loan payment is due to see "how you plan to take care of it" even though it's not past due until the 15th. Here's the kicker..it's an auto payment and the reason it was a day late is because it was a three day holiday weekend. Poor customer service.. treat you like a collection agency
    • Review fromNancy S

      Date: 08/30/2024

      1 star
      If I could rate SPS a ZERO I would ! I'm 66 and I am always making my payment on or about 9th to 15th for the current month and they would start collection calls as soon as the 5th of the month constantly calling for my payment. After 2 years of harassment I had to consult a senior advocate and demand for them to stop and so they they said they transfered my loan to ********, well Rushmore is now a part of ***. They try intimidating collections tactics when unwarranted by saying I am technically late as of 2nd of each month. FO SPS trying to foreclose or harass. Time for a class action suit !!!
    • Review fromChristopher P

      Date: 08/30/2024

      1 star
      Select Portfolio Servicing, Inc.P.O. Box *********************************** August 30, 2024 This is a complaint letter about your companys customer service. There should be improvements in your call center. The employees may know they are being reordered or not and if so it appears they do not care. The disrespect to customers, some are not knowable about the subject one is being asked about. If one does not know, say it and ask for help. A few months ago, I ran into the same problem with the agent ********, March 14, 2024 about 4:57 CST. I ask for a manager and or to have one call me back. Somehow the call was deconned, dropped and to this day I have not received a call from anyone in management. Most of my calls with your employees have not been pleasant at all. Major improvements are needed in your call center/customer service department. I would not recommend your company to anyone, but the consumer does not really have a choice because these loans are sold off time and time again. This company is a debt collector with a fancy name. I really do not know why Mortgage companies do this.Thank you,
    • Review fromSheila H

      Date: 08/29/2024

      1 star
      They overcharged for late payments and took payments over the phone. They have owed me a refund check since May 2024. Every time I call, I get the same lie: We just mailed it. There is no need to record the conversation; they continue to lie to consumers.
    • Review fromJamie A

      Date: 08/20/2024

      1 star
      My last servicer did not charge to make payment. SPS charges $5 to make a payment online and $15 to make a payment over the phone.
    • Review fromChristie C

      Date: 08/01/2024

      1 star
      Every time I call they give me a different answer. I can ask several employees the same question and none are consistent with answering very important questions. All employees are NOT knowledgeable and should not be working for this company. If incorrect information is given by them, there are no apologies or consequences for the stress they impose. you can't count on getting straight answers. Extremely frustrating!!!
    • Review fromBobbi F

      Date: 07/30/2024

      1 star
      Payment increase without adequate explanation. Poor customer service. Not upfront about extra charges added to monthly payment.

    BBB Business Profiles may not be reproduced for sales or promotional purposes.

    BBB Business Profiles are provided solely to assist you in exercising your own best judgment. BBB asks third parties who publish complaints, reviews and/or responses on this website to affirm that the information provided is accurate. However, BBB does not verify the accuracy of information provided by third parties, and does not guarantee the accuracy of any information in Business Profiles.

    When considering complaint information, please take into account the company's size and volume of transactions, and understand that the nature of complaints and a firm's responses to them are often more important than the number of complaints.

    BBB Business Profiles generally cover a three-year reporting period, except for customer reviews. Customer reviews posted prior to July 5, 2024, will no longer be published when they reach three years from their submission date. Customer reviews posted on/after July 5, 2024, will be published indefinitely unless otherwise voluntarily retracted by the user who submitted the content, or BBB no longer believes the review is authentic. BBB Business Profiles are subject to change at any time. If you choose to do business with this company, please let them know that you checked their record with BBB.

    As a matter of policy, BBB does not endorse any product, service or business. Businesses are under no obligation to seek BBB accreditation, and some businesses are not accredited because they have not sought BBB accreditation. BBB charges a fee for BBB Accreditation. This fee supports BBB's efforts to fulfill its mission of advancing marketplace trust.