Its a sham conduit for BOA to pose as a "servicer" and cover BOA involvement in your loan. If you purchase your loan from Caliber – they are merely money changers for BOA.
In fact, all manipulations with your mortgage, including monthly invoices are conducted by BOA who sends you billing statements and secretly collect your mortgage payments as their INCOME while BOA sold your loan myriads of times and collected about $20 per $1 profits even before you start to amortize your loan.
This is why Caliber often has no idea about that is going on with your payment – they do not handle it.
Caliber is owned by a predatory forecloser, Lone Star Fund owned by Mr. John Grayken whose billions are coming from buying intentionally defaulted loans from HUD, pennies for dollar and resell them for profits which they share with BOA who does not want you to know about them as a REAL party in your mortgage.
See Forbes article "The Billionaire Banker in the Shadows" to learn more about Mr. Greyken aka "Executioner from Texas"
Caliber often works with PennyMac, another fake Seriver and another part of Countrywide Financial. The only purpose in this scheme is to pose as a "Servicers" and to push borrowers in defaults by manipulating with escrow accounts; suddenly increase payment; or create bogus . deficiencies, which again is done by BOA while Caliber and PennyMac act as a cover ups.
Caliber receives all instructions from another major player in mortgage fraud – Black Knight, formerly LPS/DocX who forged millions of Notes to push them though the Court system while borrowers did not owe anything to anyone.
While DocX President Lorraine Brown went to jail, LPS changed the name to Black Knight and continue to operate their document forgery mill at full speed and process fake documents to illegally foreclose on borrowers whose identities are stolen to create a windfall of profits for BOA who is trading on your name, signature and reputation hundreds times PER DAY. BOA owes us royalties from trades, no less than 15%. Which could be as high as $300K per $100K loan.
I am a victim of BOA who used Caliber Home Loans and PennyMac in my VA loan to cover up scam with Ginnie Mae securities where Caliber impersonated as an "owner" and "Servicer" – without a single document in support; and "sold" my loan to PennyMac who also was not able to provide any evidence of its "ownership" and recently sent me a poorly forged Allonge to my Note which had NO assignments to any Ginnie Mae Trusts – and of course not even mention PennyMac, who are fakes on BOA payroll.
The Allonge was prepared by Collateral shipper Jordan Luna and had very obvious electronic signature which can be placed by anyone – in other words, modern robo-signing.
Shipper Luna assigned my loan to Caliber instead of Ginnie Mae, on the same day as my closing while Caliber lied that they "became servicers" three weeks later. My commitment came from Caliber; and Caliber was the original impersonator and money changer for BOA.
Both Caliber and PennyMac are liars who pose as a "servicer". They work for Bank of America who merely give "servicers" passwords to Black Knight document depository, to create appearance of "sales" to various "servicers" – which did not happened; so "servicers"(fakes) can defraud borrowers, collect payments in the manner which designed to push borrowers in defaults because BOA internally default our loans; and illegally foreclose them to get a free house and proceeds from the sale; and laugh at us all the way to the bank.
This is the only way how BOA can cover for their fraud and intentionally broken property Titles, so BOA can generate their bogus swaps sales (CDOs or Derivatives) for their Ponzi scheme with Pension Funds.
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because they monitor mortgage hits on your credit. They called
immediately after I started a FHA Refinance through another lender. They
sent me a counter offer even, that would have cost me 12,000+ to get.
The FHA Streamline didn't cost me a dime. I signed the title papers on
the 25th of March 2019, and they were wired their monies on 3-29-1019, I
have the wire number. They turned me in for 30 day late payment and
have not updated the credit reports; so my credit score went down
because of them. I will never use another fly=by=night mortgage company
again. Would go with Quicken Loans. They are #1 in the nation. Grrrr.
Never again. Rude, unethical, and unprofessional. Don't use them.
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