Skip to content
BOL Conferences
Thread Options
#2206383 - 02/15/19 07:17 PM Mortgage Servicing Transfers
Sara Offline
New Poster
Joined: Oct 2018
Posts: 14
Are you providing your Servicing Transfer Notice in your closing doc package or at least 15 days before servicing is transferred? Currently, we are providing our servicing transfer at closing, but then the first statement (or possibly first and second) come from us and are payable to us. Are there any potential issues with this?

Thanks all!

Return to Top
Mortgage Servicing Rules
#2206387 - 02/15/19 07:26 PM Re: Mortgage Servicing Transfers Sara
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,393
Galveston, TX
Since you have to include the effective date of the transfer of servicing - is that being properly disclosed? If they have to make two payments to you, I can see however where it might be confusing for the customer.
_________________________
The opinions expressed here should not be construed to be those of my employer: PPDocs.com

Return to Top
#2206389 - 02/15/19 07:33 PM Re: Mortgage Servicing Transfers rlcarey
Sara Offline
New Poster
Joined: Oct 2018
Posts: 14
Yes, the transfer date is being properly disclosed.

Return to Top