Landmark Class Action Filed Against Select Portfolio Servicing, Inc. in Southern District of Alabama
Mobile, AL – July 7, 2025 – A significant class action lawsuit has been filed in the U.S. District Court for the Southern District of Alabama, naming Select Portfolio Servicing, Inc. (SPS) as the defendant. The case, docketed as 1:24-cv-00361, styled as Hatten v. Select Portfolio Servicing, Inc., was officially published today, July 7, 2025, at 5:21 PM.
While specific details of the allegations remain under seal pending further court proceedings, the filing of a class action lawsuit of this nature typically signifies that a substantial number of individuals are believed to have been similarly affected by the defendant’s alleged conduct. Class action lawsuits serve as a crucial mechanism for consumers to address widespread grievances that might be impractical to pursue individually.
Select Portfolio Servicing, Inc. is a prominent entity in the mortgage servicing industry. Mortgage servicers play a vital role in managing mortgage loans on behalf of lenders and investors, handling tasks such as collecting payments, managing escrow accounts, and interacting with borrowers, particularly those experiencing financial difficulties.
The commencement of this class action in the Southern District of Alabama indicates a potential legal challenge to the practices employed by SPS in its servicing operations. Such lawsuits often arise from disputes concerning, but not limited to, alleged errors in loan statements, improper handling of escrow funds, miscalculation of fees, or violations of consumer protection laws related to mortgage servicing.
The Southern District of Alabama, with its established track record in handling complex litigation, will now oversee the proceedings. The court will likely conduct a thorough review of the complaint and may eventually certify the class if the plaintiffs meet the necessary legal standards. Certification would allow the lawsuit to proceed on behalf of all similarly situated individuals, potentially impacting a broad segment of SPS’s customer base.
As the case progresses, further information regarding the specific claims and the scope of the alleged harm may become publicly available. This development is of considerable interest to consumers, legal professionals, and the financial services industry, highlighting the importance of diligent and compliant mortgage servicing practices.
Further updates on this developing legal matter will be reported as they become available through official court channels.
1:24-cv-00361 Hatten v. Select Portfolio Servicing, Inc.
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SOUTHERN DISTRICT OF ALABAMA published ‘1:24-cv-00361 Hatten v. Select Portfolio Servicing, Inc.’ at 2025-07-07 17:21. Please write a detailed article about this news in a polite tone with relevant information. Please reply in English with the article only.