Is "LAKEVIEW LN SRV MTG PYMT" fraud?

Written by Ava Morales

June 18th, 2024

Medium Risk

What is "LAKEVIEW LN SRV MTG PYMT"?

Lakeview Loan Servicing has been in business for several years, providing mortgage loan services to customers in various regions. The company manages the servicing of both government-backed and conventional loans. They offer a range of loan options, including fixed-rate and adjustable-rate mortgages, as well as specialized programs for first-time homebuyers. Lakeview Loan Servicing also provides refinancing options for existing mortgages, helping customers manage their home loan obligations. The company focuses on facilitating online account management, making it easier for customers to oversee their loan payments and related services.

  • LAKEVIEW: likely the name of the entity or bank involved in the transaction
  • LN: abbreviation for "Loan"
  • SRV: abbreviation for "Service"
  • MTG: abbreviation for "Mortgage"
  • PYMT: abbreviation for "Payment"
  • Verify if this transaction is fraud in 30 seconds

    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.
    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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