Yep!  Just got the call for Mike and looks like it is a scam.. I won't be returning this call thanks to all the good people that blogged this useful information.

Same Michael as above exact verbatim

Just got a call today, from "Michael."  I'm in Seattle.  We do have a loan but we went through regular channels, not through someone we got a phone call from, like this.  Yes, I agree...thank goodness for the internet.  Wrote down the number, and found out what's really going on!

Got this call today. I called the number and a woman said she was with Financial Solutions in Southern California. When I told her to take me off the list she kept pushing: Are you upside down on your mortgage? I said I certainly am not. Then she hung up on me.

We just got this call here in Honolulu. "Michael" left a message on our phone. Total loser!

Thanks to everyone who posted here! It answered our questions right away!!!

Got a VM from "Michael" at 1:52pm today.  "Loan Document Compliance Department," WAAAAY too generic sounding.  Glad I found this site (so I won't call back), because I believe I really might be a victim of predatory lending!  I'll discuss this issue directly with my bank, not some scammer.  Thanks for posting this.

Me too! I got it yesterday in Seattle.

We got the call tonight with the exact same message as everyone else.  "Michael" ended his call by saying it was really impotant that we contact him about this very important matter.  We knew it was phishy from the start.  Glad we found this website!

Same call, same message. This is just awful, how can they get away with this. I am on the do not call list too. Even as a scammer he is a telemarketer and it is illegal for him to make these cold calls to people on the do not call list. But he seems to get away with it.
People please BEWARE OF THIS SCAMMER!!!! DO NOT FALL PREY TO THEM, THEY ARE THE PREDATORS!!!!!!
He is calling people in Hawaii now. What can we do about people like this???????

Same as everyone else.  Had a voice message from Michael, from the Loan Department Compliance Department. No last name, didn't identify who he wanted to speak to, just said, "You could be a victim of predatory lending."  To call him and the whole bit about reducing our mortgage payments. 2% seemed to good to be true.  Googled the phone number.  Thanks for posting this website!!!!!

Individual was Michael ......Calling from the Loan Document Compliance ..... I may be a victum of Predatory Loan ..... If I am, they can get my loan interest
lowered from my current rate to as low as 2% .....No Company name, no web site, etc...... Sounds like a scam.....
Caller ID: (949) 276-6800 - # to return call: (866) 235-5088 ....Will report to National Do Not Call Registry

These guys are SCUZZBALLS.  They left a message that sounds as if something has been reported specifically about me. They say, "I'm with the Loan Document Compliance Department. It looks as if you may have been a victim of what's called predatory lending." ... "the lender is obligated to reduce your monthly mortgage payment by reducing ..."

SCUZZBALLS! What happens when some naive person bites? There oughta be a law!

E

Michael called the house yesterday saying he was with the Loan Document Compliance Department and that we might have been the victims of predatory lending practices and that he could help us get a rate as low as 2%.  He called me in Hawaii yesterday at about 1:20 p.m.  He's a lowlife pus and I hope they throw his butt in jail where he can rot for the next 50 years!!

I just received this whole spiel on my answering machine.  Same phone number, same Michael, same Loan Compliance..., etc. Warning bells went off in my head and googled "Loan Document Compliance Dept."  Was so glad I did.  Found this site.  Thank you all for taking the time to share.  P.S.  It's a sign of the times, ALWAYS BE CAUTIOUS!

I also received this message on my answering machin from "Michael".  Same everything.  Phone number he left in voicemail is the same 8662355088.  However, my phone showed another number shown below.

Got the same call here in CT. I put it in the search engine. Thanks for the web site and the fellow cautious people. Like the say "If something sounds too good to be true, it probably is".

Got the same call in Hawaii. Sounded very fishy from the beginning.

Not sure what number it came from, because I don't have caller ID. But I got the exact same message in Hawaii. Sounded like a scam right off the bat to me. If "Michael" is from the "Loan Document Compliance Dept," of what company or agency is it a department? And why doesn't "Michael" have a last name? Red flags all over the place, but someone will fall for the scam. I hope someone is able to shut them down.

"Michael" has moved into Sacramento.  Always skeptical, I Googled "Loan Document Compliance Department" and found this site. He made it sound like my mortgage holder was calling me - except he didn't mention their name!

I feel sorry for people who return his call.

We just got the same call in Honolulu, and I have to say that "Michael" sounded as though he were truly concerned for our welfare and was just trying to help out. Luckily, we have recently been bombed with hundreds upon hundreds of those bogus "the warranty on your car or truck has expired, or is about to expire" calls, so we have been thoroughly immunized against phone scams. These things actually serve a purpose, you know.

Got the same VM today in Elko,Nevada. Sounded fishy so I did some looking and found this site.
Thanks to all for the info. Wouldn't have called them back but I might answer the phone now and ask a few questions to let them know what I have found out.
Caller ID was a different number also,866-431-5117.
THIS IS THE WORLD WE LIVE IN

Yeah, I received a message on my answering machine from "Micheal". I was very suspect when no business name was given and that there was a potential reduction to 2% interest rate carrot on my home loan. Bad news.

Same message all of the other complainant's have report.

Scamming telemarketing scheme.

Same bit, thanks Ellen it sounded too... bland - no real business name 2% interest rate... beware

Same as above.  What's interesting about this scam is rather than go with an official-sounding statement, the guy's - "Michael" - message was very casual as if he were just some guy in the compliance dept looking out for us, as if his "company" had made a mistake that they had to make right.  Yuck.

This company just left me a message. Same name as above and exact same wording. The first thing that clued me in that it was a scam is the 2% interest rate. I have just started the process of a refinance and was quoted between 4% and 5% depending on the life of the loan.

I immediately called my lender to ask if she had heard of this type of scam. She said there are a ton of them out there right now.

It's ironic that "Michael" used the phrase "predatory lending." He is the predator.

I'm going to warn my family and friends about scams like this.

Got a call from them today and was on the phone with them when I found this website. Thanks for posting this. 2% sounded a bit odd to me too as my understanding is that it just doesn't go below 4% either for economic or regulatory reasons (can't remember which at the moment).

Glad to discover this website.  Just reinforced my intuition about "Michael's" concern for me.

We received the phone call from "Michael"  last night.  2% interest - No way!  I was researching to see if this was a scan when I found this web site.  I gotta say, with the exception of the 2% interest, he sounded ligitimate and concerned for our welfare.  BEWARE!