Sold loans
Posted By:
Tracey, CRCM
Sold loans -
04/20/17
03:34 PM
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?
Posted By:
rlcarey
Re: Sold loans -
04/20/17
04:25 PM
No.
Posted By:
Tracey, CRCM
Re: Sold loans -
04/20/17
04:45 PM
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!