If RoundPoint charged you a fee to pay your mortgage by phone or IVR between 2016 and 2021, this $1.6 million settlement covered those charges — the claim deadline has passed.
What's This Settlement About?
A $1,600,000 Settlement has been reached after a class action lawsuit was filed. The lawsuit claims that RoundPoint, a Mortgage Servicing Corporation, charged borrowers fees to make mortgage payments by telephone or IVR (Interactive Voice Response softare), or "convenience fees" colloquially. The Class Action asserts that RoundPoint’s practice of charging such fees, among other things, violated the Fair Debt Collection Practices Act (FDCPA) , various states’ debt collection laws, and breached the terms of the borrowers’ loan agreements.
Status
Claims Closed
Claim deadline passed April 8, 2022
Claim Deadline
April 8, 2022 (Passed)
Settlement Fund
$1,600,000
Common fund · pro rata cash
Proof Required
Yes
Class Member ID from mailed notice
How Do I Qualify?
You are a class member if:1. If you were a borrower on residential mortgage loans on properties located in the United States whose loans were serviced by RoundPoint, and:
2. Paid a fee to RoundPoint for making a loan payment by telephone or IVR from January 1, 2016 to May 31, 2021.
What Can I Get?
In the proposed Settlement, RoundPoint has agreed to create a $1,600,000.00 Common Fund. Also, as part of the Settlement, RoundPoint has agreed to stop charging fees for online, telephone, and/or IVR payments in United States starting June 1, 2021 and continuing at least until two years after the Court gives final approval to the settlement.How Do I File a Claim?
You must submit your Claim Form online no later than Tuesday, April 8, 2022, or mail a physically completed copy of your completed paper Claim Form to the Settlement Administrator so that it is postmarked no later than Friday, April 15, 2022.The Final Approval Hearing is scheduled for Friday, April 15, 2022 at 9:00 a.m. , Northern District of California, San Francisco.
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