Consumer complaint received 2024-11-19 00:00:00
Product: Mortgage — Other type of mortgage
Issue: Trouble during payment process — Trying to communicate with the company to fix an issue while managing or servicing your loan
Company: RCN Capital, LLC
State: CA

Complaint narrative:
XX/XX/year> XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX, CA XXXX Telephone : XXXX Email : XXXX Regarding the following 2 properties below XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX, CA XXXX Loan Number XXXX with Elite Commercial Servicing XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX, CA XXXX Loan Number XXXX with Elite Commercial Servicing Complaint Against : Elite Commercial Servicing, RCN Capital LLC, and XXXX XXXX XXXX XXXX Elite Commercial Servicing located in XXXX XXXX XXXX XXXX XXXX XXXX. XXXX XXXX, CT XXXX is not a licensed mortgage servicing company to be servicing loans in the following states, along with not responding and delaying on extension request and acknowledging. The delays cost late charges, along with delinquent charges to the loan due to lack of communication, along with filing a wrongful Notice of Default when I signed the extension agreement, along with payment for the extension fee and monthly payment. Elite Commercial Servicing is not compliant. Elite Commercial Servicing is part of RCN Capital LLC. 

RCN Capital LLC located in XXXX XXXX XXXX XXXX XXXX XXXX. XXXX XXXX, CT XXXX. License Number XXXX, XXXX, XXXX. Arizona Banker License Number XXXX, Minnesota Residential Originator License MN-MO- XXXX, Oregon Mortgage Lending License XXXX. XXXX XXXX. RCN Capital LLC sold the loan to XXXX XXXX XXXX located in XXXX XXXX XXXX. XXXX, NJ XXXX. RCN Capital LLC is not compliant with NMLS regulations. RCN Capital LLC allows unlicensed mortgage brokers to broker loans in the state of Arizona, California, Minnesota, Nevada, Oregon, Utah. 





XXXX XXXX XXXX XXXX located in XXXX XXXX XXXX. XXXX, NJ XXXX is an investor who purchases loans from mortgage companies. XXXX XXXX XXXX XXXX has not been responsive to my request or the unlicensed servicing company Elite Commercial Servicing for my extension request. They are also originating loans without having state or NMLS licensing. If you take a look at XXXX XXXX XXXX XXXX website. XXXX XXXX XXXX they are not compliant. XXXX XXXX XXXX XXXX delays on responding to Elite Commercial Servicing who is not licensed to charge late payments, along with a default rate of 35 %. 


Elite Commercial Servicing LLC and XXXX XXXX XXXX XXXX transferred the loan to XXXX XXXX XXXX XXXX XXXX, once I informed Elite Commercial Servicing LLC and XXXX XXXX XXXX XXXX that they are not complaint to service loans because they are not licensed to service loans. Both companies are breaking the law. 





XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX Mortgage Lender/ Servicer License

Company response to consumer: Untimely response