This is an investigation into mortgage servicing companies practices of receiving payments on line. Many mortgage companies allow mortgagees to make mortgage payments online via their website.
The American Home Mortgage Servicing, Inc. website represents that payments made by 9p.m. Central Standard Time will be credited to the payee's account on that same date. Some customers have complained that American Home Mortgage Servicing is violating this representation by waiting 3-5 days after a payment is scheduled before crediting the payee's account. This has resulted in many mortgagees receiving hefty penalties for late mortgage payments. If you have a mortgage with American Home Mortgage Servicing, and made a payment online which was not credited to your account in a timely manner, and would be willing to discuss your experience with us, please call.
Name (Stock Symbol)
American Home Mortgage Servicing
American Home Mortgage Servicing Inc. is one of the country’s largest servicers of Alt-A and subprime loans and other types of home loans. It is owned by Wilbur Ross & Co. LLC.
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