To access this password-protected area, you must first register, then just login and select "Request Year-End Tax Info." Our turnaround time is typically 10 business days from the time your request is made. What You Should Worry About If Your Lender Sold Your Mortgage to Another Bank. Understand that the process of transferring servicing rights is challenging logistically. Click here to view our California Consumer Privacy Act Notice that details the categories of personal information that will be collected and the purpose for which the information will be used. @DarylParanada is a writer for MyBankTracker. a statement explaining your rights and what to do if you have a question or complaint about your loan servicing. I was just speaking to a friend of mine who just had her mortgage loan switched from Wells Fargo Home Morgage to Specialized Loan Servicing. Therefore, they transfer the servicing rights for a fee to another company. Have been paying same amount for nearly 15 years and coming up on end of term and trying to say we owe over half of original amount. They would not give me any info until after they put me in foreclosure! The Federal Student Aid office approved that proposal in October, and Navient moved the accounts to the new servicer immediately.. Before the transfer, Navient serviced three types of . Its also possible that your loan was transferred because the original servicer no longer offers loans like yours, or because the terms of your loan have changed and are now better suited for a different type of servicer. What To Know If Your Student Loans Get Transferred | Bankrate If your lender is recommending a type of home that requires a loan larger than 28% of your disposable income, be wary. Buzzfile indicates a founding date of 2011, an estimated annual revenue of $183.4 million, and an estimated staff of 1,258 people at the headquarters location. there is nothing you can do as the bank has the right to sell the loan to any willing purchaser. Bill Gassett has been one of the top RE/MAX Real Estate agents in New England over the last two decades. The lender makes money at this stage through the origination fees. Specialized Loan Servicing (SLS) is a mortgage loan servicer with a customer service center in Denver, Colorado. Sending the borrower a monthly or annual mortgage account statement, whichever was agreed upon when signing the mortgage documents.

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