Do you find paying your mortgage to be a tiresome and tedious task? Don’t worry though, now you can complete the process online without any trouble.
In today’s time, technology has taken over every aspect of our lives. We have become used to completing all our chores and tasks easily with the help of the internet and technology. Similar is the case with payments. As everything else around us progresses, the method of payment of mortgages has improved as well. Now you can easily learn to get done with it virtually.
Here down below, we will help you learn how to pay your PHH mortgage online and also help you become familiar with the history of PHH mortgage, the PHH mortgage lawsuits, their payment mailing address, and clear out some queries like ‘is PHH mortgage legit?” which will help in helping you learn about the legitimacy of the company, etc.
What is PHH?
Before we jump into the dynamics of PHH mortgage making payment online, let’s first get acquainted with the exact definition of what PHH is. PHH is an American financial service corporation that has been operating for more than 30 years now and is one of the leading companies providing mortgage and loan services to those who are in need.
They have aided thousands and thousands of their clients by giving their loans and visit the site right here helped them in meeting their financial needs. Their clientele includes some of the US’s largest financial firms as well. The firm doesn’t just cover mortgages but will also give out loans for those people who are looking for avenues to refinance their mortgages. There are a ton of loan options given out by them with VA and FHA being some of the very common ones.
History Of PHH Mortgage Company
PHH mortgage lawsuits have made the company’s history and its reputation quite tainted. The company faced several lawsuits from its clients because of the unethical manner of dealings. The PHH mortgage lawsuits started with pay to pay fees or what some of you might know as processing or convenience fees.
When customers choose to make their payments through alternative methods such as online or through telephone or if they opt to make their transaction on a live call, in all such situations, there are bound to be some sort of charges set by a company, these charges are called the processing charges to help offset the costs for an organization. There is nothing wrong with having processing fees set but the problem arises when the customers are not made aware of these charges.
PHH mortgage made a similar mistake when they kept their clients in the dark about the amounts that they will have to pay if they choose to make their transactions through any of the alternative methods mentioned above. This landed them in trouble and a bunch of clients muddled them in lawsuits.
Clients have also complained about facing the unfair amount of fees when they submitted their payments late, there have been complaints about the mishandling of escrow accounts and borrowers were forced to apply for loan modification agreements. To put all this to bed, PHH mortgage has been paying settlement fees to their clients and is slowly and gradually sorting their affairs.
With all this uncertainty, the one problem that arises in every new client’s mind is, “Is PHH mortgage legit?” Down below, we will be shedding some light on the credibility of PHH mortgage.
Is PHH Mortgage Legit?
For all those people who are looking to opt for a PHH mortgage, it is completely understandable if they are wondering about the credibility of this company. PHH Mortgage is a legit firm in the United States. It has been operating for over more than 30 years. They might have faced some bumps along the road but the firm has progressed past it and is working on resolving all those issues. They have even paid settlement fees in court to put all the lawsuits and complaints to bed once and for all.