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BankersOnline.com Forums Dodd-Frank Final Rules Discussions Mortgage Servicing Rules Sold loans
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#2127260 - 04/20/17 03:34 PM Sold loans
Tracey, CRCM Offline
Platinum Poster
Joined: Jul 2015
Posts: 542
Gorham, ME
We sell loans to the FHLB, but we retain all servicing. Are we required to tell customers that the loan was sold if we retain servicing?
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Tracey

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Mortgage Servicing Rules
#2127275 - 04/20/17 04:25 PM Re: Sold loans Tracey, CRCM
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,364
Galveston, TX
No.
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#2127288 - 04/20/17 04:45 PM Re: Sold loans Tracey, CRCM
Tracey, CRCM Offline
Platinum Poster
Joined: Jul 2015
Posts: 542
Gorham, ME
Thanks as always Randy. That is what I thought. Our servicing department has been sending letters out when they don't have to, so I will save them some time!
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Tracey

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