Loosing Small Servicer Status

Posted By: HRH Okie Banker

Loosing Small Servicer Status - 11/15/19 07:32 PM

What thresholds would a bank have to meet to lose small servicer status? Not only in number of loans produced but what if the loans and their servicing were sold w/I 2 weeks of closing/booking/funding? Any help would be appreciated. Thanks,
Posted By: rlcarey

Re: Loosing Small Servicer Status - 11/15/19 07:40 PM

5,000 loans if you are servicing just your loans or ones to which you have received an assignment and you service for no other third parties.