Loan disservicer
BSI has serviced about 10 loans for me - mostly originating with Visio lending. I thought the ‘disservicer’ title was kind of clever as they’re supposed to service loans. Lol. They owe me over $5000 in excess funds from a loan that was paid off about a month ago. Every time I call they say “the check is in the mail.” Why is it a big deal? Good question. If my $5K is part of $50M that they hold for an additional month, they get bucko (big bucks) in interest just for holding up payments. That’s wrong on many levels, and just penny wise thinking. I’ll get my money, but they’ll still be crooks.
By Harry A.