LBPS-IBM Lender
Found 5 reviews / complaints

LBPS-IBM Lender
This is a scam and only about 1% of all mortgage loan holders will actually qualify for refinancing under the gov terms

Shops, Products, Services Toope1 0

Our mortgage loan was moved from MetLife Mortgage Loans to LBPS underneath the guise of the "bank". This compnay is just a statement collector (not really a bank) which instantly modifications/reduces a credit rating. Additionally, when the mortgage was moved, it had been designed to ...

LBPS-IBM Lender
No Works on Loan Modification

Business & Finance Anonymous 107932 0

The loan got sold/transferred from Chase to IBM LBPS on Oct 1. Chase signed a modification agreement before tranfer. Chase partially modified the loan in system and left it on IBM LBPS to complete the remaining terms as agreed on the perm. Modification agreement. Till date IBM LBPS hasn't honored ...

LBPS-IBM Lender
Holding Check

Business & Finance Anonymous 107349 0

Mortgage on my home is with LBPS. I had a water leak that damaged full down stairs in Jan. 2011. My insurance company sent out 2 party check to me for repair with both lbps & my name on them. I had to send them to lpbs, they have come up with every excuse not to return these checks to me so I ...

LBPS-IBM Lender
Bogus Modifcation Denials

Business & Finance Anonymous 104652 0

After over two years of modification hell, first with Chase and now with these people, we were denied for a HAMP (the Obama administration's modification program.). But here's the thing. We studied the guidelines and we qualified. They said that the monthly payments would be higher than the ...

LBPS-IBM Lender
LBPS Unfair Business Practices

Business & Finance Anonymous 104397 0

This company has taken over our mortgage, which is current, and has been current for the past 7 years.in the past 4 months since they have acquired our mortgage, we have had to deal with them 2 times each month just on their receving payments. Now they are insuring our home even though we have ...

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