In the lawsuit filed in Wyoming District Court, plaintiff Gary Ventling claims payments he made within a stated grace period resulted in the fees and other issues, violating the terms of the note, state and federal statutes.

A Two Harbors representative declined comment. The company has not yet filed a response to the lawsuit in the court record.

The court filing follows a broader legal and regulatory focus on "junk" fee allegations that some financial institutions have been fighting. These include a Mr. Cooper payoff charge lawsuit, and Fay Servicing's recent settlement of alleged mortgage insurance overcharges and other claims.

At issue in the case at hand is a mortgage Ventling and his spouse obtained from Pinnacle Bank in 2016. RoundPoint began managing the loan in 2023, according to court documents. Ventling said he typically overpays his $2,805.12 monthly obligation by $4.88 and obtains receipts for it.

Those receipts show mailed delivery of payments within the grace period, but RoundPoint recorded them with a lag time of several days in crediting payments such that they ended up being recorded as late, generating a $140.26 fee, the lawsuit alleges.  

While the company made efforts to correct the issue, credits in that effort were misapplied, with such errors made repeatedly over a span of multiple months, Ventling claimed.

He also alleged RoundPoint "does not have proper procedures" to handle Qualified Written Requests, a formal process for submitting servicing inquiries under the Real Estate Settlement Procedures Act.

Ventling is attempting to obtain class certification for the lawsuit.

A Better Business Bureau listing also notes other recent payment-related complaints at RoundPoint but shows company responsiveness to them.