Wilshire Credit Corporation violating laws.what to do?

My father-in-law is 84 yrs old and they left him have a loan on a 30 yr term.(Because his EX poa wanted him to help her start a business, which she was suppose to give him a % of it) His payments take half of his fixed income. I have requested for a full copy of the terms and agreements and they will not comply to anything.

I recently was informed that if you make the actually payment from your checking account over the phone with a person or the phone system that your payments will actually post to your account quicker.

People have to relize that if you are not on the account or the spouse of the borrower, they can't give you any information or very little information.

Under FDCPA you do have rights, if you have felt that you have been wronged then do something about it. I know that Wilshire does everything in the power to help homeowners keep their houses. They have many options to help, call them and ask.

I belive that alot of the problems are caused by misunderstanding between wilshire and the public. And some people looking for a way to vent because they are upset with losing their homes and not having a place for their children to sleep, fighting with their families and so forth.

Guys - treat it like a business. Walk away, rent a house, rebuild your credit, buy a home with a 30 year fixed. Wilshire is a servicer. Let them deal with the investors who are losing money because they don't want to work out something to help people deal with their changed circumstances and predatory loans.

I am dealing with Wilshire right now. Barely making payments on time due to a drop in my income and a couple payments have been late but paid in less than a week. They have been harrassing me and told me I "need to grow up and be a responsible person and pay my bills on time." They have also some how got my cell phone records and called people NOT on my reference list, asking for me and have called me from mobile numbers that are 1 or 2 digits off from my friends numbers. I guess thinking that I would answer their calls if the number looked familiar. Stupid people...I have my friends numbers programed in my phone so there names come up and when I dont see a name, I dont answer and let it go to voicemail. I've looked up the numbers and they were getting these new mobile numbers from "Action Mobile". A total violation of privacy and true harrassment. I desperately need the website to complain.

FTC.
FCC.

I was trying to consider this company but Know that I read your stories. Is a defenilly No. I feel sorry for you all. Thank you.

Problems with Wilshire Credit Corp.
They will not work with me to modify my mortgage and remove the ARMS that will make it un-affordable. Our mortgage is at 7.5% but apparently they would rather see us loose our home to foreclosure than just accept the 7.5%.
Just refinance you say? Due to consolidating debt instead of filing Bankruptcy our credit score is now around 670 and would make 7.5% unrealistic. Companies like Wilshire make the American Dream a nightmare. How do these companies stay in business? I plan to fight this as much as I can afford legal fees but that's all I can do.
I have until Nov to come up with a solution, :cry: :cry:

Did you get that referral through http://makinghomesaffordable.gov ? Was that your only choice?

THIS COMPANY AND YES THEIR EMPLOYEES ARE RUDE,THEY DONT WANT TO OFFER OPTIONES TO THE PEOPLE.WE NEEDTO DO SOMETHING ABOUT IT.THEIR INVOLVED IN PREDETORY LENDING AND SHOULD BE SUED. OUT OF BUISNESS . CHEATERS SCAMMERS AND MORE IVE HAD AWFUL EXPERIENCES WITH THEM.

AND DID *YOU* SUE?

Wilshire is a horrible corporation, if you want to complain the direct line for the director of HR Lisa Robinson is 503-952-7347. She reports directly to the CEO. I know because I used to work for them

How can I obtain a loan modification. Wilshire is my mortgage company

Thanks very much for this Wilshire information, they need to operate with integrity.

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I was also one the ex-employees of wilshire and I would love to be part of that lawsuit. Wiederhorns would lecture on how expects 110% from his employees. I worked 12 housrs a day most of the time I worked there.

Kathy



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Wilshire Credit Corp, used collection agency tactics, slander and fraud when trying to take my home that caused financial and emotional damages in my life.

I was an unemployed, high risk, first time home owner with an ARM, first and second mortgage, interest only, zero down, no tax escrow with 5 PPP loans, bordering a flood zone. The perfect high risk target for Wilshire. Wilshire bought my loans 2 months after I got them from Wilmington.

Wilshire wrongfully reported my loan balances to the credit burro in order to negatively bleed my credit. Clearly Slander

On my secondary loan, I was paying into principle / equity but my credit report showed I owed more then I barrowed for both interest only loans. In 2 years when the ARM loans adjusted and I would not have been able to refinance out of the ARMs because of low credit score caused by Wilshire's Slander.

Wilshire forced flood insurance in an area that is not considered a flood zone, but does border one. This was the dispute that prompted me to refinance after only beining in the home for 9 months. There is more to this but I want this to be a summary of what happened to me and my family.

Wilshire never sent me a MIP Refund, isn't that Theft?

Collection Agency Tactics
The Software used to manage / service Home Loans was Collection Agency Software used to manage people with bad dept already.

Because they (Wilshire) call themselves a service company they don't have to treat us like we (The Homeowners) were still customers of a home lending institution.

My first payment to Wilshire was late due to one of the accounts not being set up correctly. Once it was I made the full payment for both loans at the same time.

Wilshire then charged late fees, I contacted them and they agreed to reverse the late charges. Not over.
They only reversed late fees on one of the loans not both so I had to all again. Then that got fixed and the late fees popped back up on the next months bill and on and on......

Dozens of calls later over several months it was fixed and the late charges were removed for good.
I can say during all the calls to try to get this fixed I got, the 1 hour hold, shifted from one person to another and another and then dropped, received then disconnected and probably a few others I have forgot now.

Wilshire is a predatory lender that is hurting the American people and should be stopped.

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I am a processor and i have worked with Wilshire many of times. They are the most horrible company ever. We had a client who was not able to handle the stress of handling his own modification. As you can see from prior post they can request the same documents over and over again. Well after having a few words with the rep because of his frustration they denied his mod and FORCED him to foreclosure. They would not even entertain a Short Sale...WOW!!!

You think THIS is fun, you should try telling them that your call is being recorded for training purposes. You wouldn't believe how fast they hang up.....
I talked with a great guy named Jeff Pugh. But after they figured out that Jeff may actually help me, he wasn't allowed to talk with me anymore. Go figure.
You also have to watch out for their side kicks, Safeguard Property management. They'll destroy your house if you arent' there to watch them.
And don't be afraid to walk away. Your credit is already shot, so get yourself clean of Wilshire's dirt. And take the time to start over.

I work for an attorney's office doing a loan modification for a client. They are horrible. They do not return calls and e mails. I asked to speak to a supervisor and oddly enough there was never one available. I have been waiting for someone to pick up the phone. Unbelievable!!!!!! This company and all the cohorts who work there will be meeting their maker soon. They better get right with God and stop cheating people.

I worked for Wilshire Credit Corporation for 5 years. WCC is a corrupt place. They dont even know which check should be applied to which payment plan they initiate. During my work period I figured out so many corruptions that I was disgusted about the whole work experience. There were sex scandals in that company and the head of the fraud department got charged with raping an underage. They even told everyone that an employee died of cancer when in fact that guy committed suicide. I can tell you more about it. It is filthy. IBM has got a lot of work to do. I think they should cleanup the management first.

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