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#2070621 - 03/23/16 09:16 PM Creditor on Credit Report
terpsfan Offline
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Should a loan be reported under the owner of the mortgage or the servicer? I am reviewing a report where a mortgage is being reported under the servicer. I thought it should show the creditor but what about Fannie Mae loans they do not show as the creditor.

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#2070712 - 03/24/16 03:01 PM Re: Creditor on Credit Report terpsfan
rlcarey Offline
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Galveston, TX
owner of the mortgage

If these have been bundled into CMOs, many different people might "own" one mortgage. They are reported under the servicer as they are the only ones that can verify information.
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#2070822 - 03/24/16 06:23 PM Re: Creditor on Credit Report terpsfan
terpsfan Offline
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That is what I thought I am confused why the one I am looking at is reported under the servicer.

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#2070828 - 03/24/16 06:31 PM Re: Creditor on Credit Report terpsfan
rlcarey Offline
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That is as it should be, is it not??
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#2070848 - 03/24/16 07:21 PM Re: Creditor on Credit Report terpsfan
terpsfan Offline
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The one I was looking at was originated by us and sold to a state housing authority. They are not CMOs so I am not sure why it is showing the servicer as the creditor.

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#2070853 - 03/24/16 07:25 PM Re: Creditor on Credit Report terpsfan
terpsfan Offline
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When I look at the metro 2 guidelines is says the following

Identification Number
Used to uniquely identify a data furnisher. Report your internal code to identify each branch, office, and/or credit central where information is verified. For accounts reported by servicers, the Identification Number should refer to the current holder of the note.

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#2070857 - 03/24/16 07:35 PM Re: Creditor on Credit Report terpsfan
rlcarey Offline
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Galveston, TX
Have you looked at FAQ 46?
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#2070867 - 03/24/16 07:51 PM Re: Creditor on Credit Report terpsfan
terpsfan Offline
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So they are reported under the servicer? It seems to be conflicting instructions but I probably am just not reading it right.

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#2070873 - 03/24/16 07:59 PM Re: Creditor on Credit Report terpsfan
rlcarey Offline
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Galveston, TX
Maybe - maybe not. You could always give your CRA rep. a call to see if they can explain the incongruity.
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#2070895 - 03/24/16 09:00 PM Re: Creditor on Credit Report terpsfan
terpsfan Offline
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It's probably correct. It just confused me. Thank you for your help.

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