Mortgage Sold to one of the worst servicing companies around

[Nicholas A.]

I decided to take a risk on partnering up with a DSCR lender I met from bigger pockets and I just closed on a property with a DSCR loan. I realize the loan has been sold to a servicing company out of Chicago. IDK if its appropriate to say the name here, but I can reveal it via a direct message for sure.

I looked them up and they have a 1.2 star review on google, with 430 reviews. I am seeing all types of issues with even just paying the loan, and I am getting a bit worried here for potential issues. This company seems like they may even just force issues so they can attempt to take your property.

What are my options here if I want to get my loan to another servicer?

[Matt Devincenzo]

I wouldn't get too concerned here, first there's nothing you can ever do about servicing. Loans get bought and sold, and servicers change but loans stay in place for years or decades. 

I just looked at the reviews for two servicers I've worked with on private loans, 1 star for one and 1.8 star for the other. Over five noted and seven years, my borrowers have had zero issues at all. They've handled everything well. So I think you just get complaints in this space...no one goes online to commend their lender's third party 'debt collector'...