Mortgage -- Trouble during payment process -- Complaint #7176570
Complaint Overview
Complaint ID: 7176570
Company: Ready Capital Corporation
Product: Mortgage
Sub-Product: Conventional home mortgage
Issue: Trouble during payment process
State: Louisiana
ZIP Code: 70737
Date Received: 2023-06-27T12:00:00-05:00
Date Sent to Company: 2023-06-27T12:00:00-05:00
Company Response: Closed with explanation
Timely Response: Yes
Consumer Disputed: N/A
Submitted Via: Web
Consumer Narrative
Even though I paid more into my escrow account than was paid out by the lender they still want to increase my escrow payments. The company selected a cushion which was not in place before then the company representative tried to say that it was a federal law. They do have a law that says they can only charge me a certain percentage but it does not say they have to. How great is this they not only make way too much money on interest then they can take all of the escrow cushion from consumers and make interest on it also.
Frequently Asked Questions
What is Complaint #7176570 about?
Complaint #7176570 was filed against Ready Capital Corporation regarding Mortgage specifically about Trouble during payment process. It was received by the CFPB on 2023-06-27T12:00:00-05:00.
How did Ready Capital Corporation respond to this complaint?
The company responded with: "Closed with explanation". The response was timely.
What is the risk level of this complaint?
See the risk assessment section for details on this complaint's risk profile.
How do I file a similar complaint?
You can file a complaint with the CFPB at consumerfinance.gov/complaint. Select the appropriate product category (Mortgage) and describe your issue in detail.
Can I see other complaints against Ready Capital Corporation?
Yes, visit the Ready Capital Corporation company profile at readthecomplaint.com/company/ready-capital-corporation to see all complaints, risk scores, and analysis.
Disclaimer
This analysis is AI-generated based on publicly available CFPB complaint data. It does not constitute financial or legal advice.