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Is "MORTGAGE SERV CT MTG PAYMT" fraud?

Written by Lily Tran

June 18th, 2024

About "MORTGAGE SERV CT MTG PAYMT"

PHH Mortgage has been in business since 1984. The company provides a range of mortgage services and products, including home purchase loans, refinance options, and loan servicing solutions. It caters to both individual homebuyers and institutional clients. Their offerings include conventional loans, FHA loans, VA loans, and jumbo loans. Additionally, PHH Mortgage provides mortgage servicing, which involves the management of loan payments, escrow accounts, and customer service for existing mortgages.
  • MORTGAGE: Type of transaction.
  • SERV: Service related to the transaction.
  • CT: Geographic indicator (possibly Connecticut).
  • MTG: Abbreviation for mortgage.
  • PAYMT: Abbreviation for payment.
  • Find & fight fraud from anywhere

    Verify With Receipt

    The best way to tell if this charge is fraudulent is to find the receipt. You may have an electronic copy of the receipt, which you can finding by searching in your email accounts for PHH Mortgage.
    Or, if you want to automatically find and reconcile receipts so you never worry about fraud, you can use SimplyWise to automatically match all bank and credit card transactions to email and paper receipts. The app instantly reconciles your expenses and flags anything that doesn’t match.
    Step 1

    Connect your email

    Download the SimplyWise app and connect your email account. SimplyWise will search through your emails and find all the receipts in your inbox. This allows you to understand what exactly you are paying for when you see a bank transaction on your statement.
    Step 2

    Connect Your Bank

    Connect to your bank account/credit card transactions through the secure (256 bit encryption) Reconciliation feature within the app.
    Step 3

    Reconcile

    Reconcile the charges reported by your financial institution against what you’ve recorded in your SimplyWise account. Find fraud quickly! SimplyWise will match your transactions to your bank/credit card spending and check those items off.
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