Sentences with phrase «servicer of one's loan»

The new servicer of the loan will manage the collection and billing for your loan payments.

Often the bank your loan is sold to will stay on as the mortgage servicer of your loan and will continue to collect your payments even though your loan was sold to an investor.

Once the loan is closed the lender or servicer of the loan generally will charge a servicing fee, which can not exceed $ 30 or $ 35 a month for HECM loans depending on if the interest adjusts yearly or monthly.

Servicers of loans owned or guaranteed by Fannie Mae and Freddie Mac are required to participate; other lenders have a choice.

No matter your lender, it's wise to ask if a different company will act as the servicer of your loan.

«When the hurricane made landfall, the investor group TSSP is a part of directed the servicer of the loans to immediately halt foreclosures and to grant all forbearance requests,» said spokesman Patrick Clifford.

You'll need to repay the funds to the U.S. Department of Education or — in the case of a federal student loan — to the holder or servicer of the loan.

Due Diligence If a borrower fails to make payments on their loan according to the terms of the promissory note, the federal government requires the lender, holder or servicer of the loan to make frequent attempts to contact the borrower (via telephone and mail) to encourage him or her to repay the loan and make arrangements to resolve the delinquency.

It is critical that you continue making payments, if required, to the holders or servicers of the loans you want to consolidate until your consolidation servicer informs you that the underlying loans have been paid off.»

By accessing this database, you will find information about the types of loans you have, the original amount of the loan, the current balance, the holder or servicer of the loan, and the current status of the loan.

Great lakes financial and ACS are the servicer of my loans.

It is important that you contact the servicer of the loan to notify them that the borrower (s) have passed away.

Likewise, when your bad credit loan comes due, the servicer of the loan will issue an electronic funds transfer to debit your bank account for the amount that you owe.

Be open in communicating with the servicer of your loan.

In most cases, the process of deferring a student loan payment begins by talking with the servicer of the loan.

I have had 4 short sale approvals from the servicer of my loan with Fannie Mae.

For information about your options, contact the servicer of the loan and / or the original lender or the current holder of the loan.

If your loan requires an escrow account, the servicer of your loan must give you an initial escrow account statement at your settlement or within the following 45 days.

The loan lives on and is tied to the servicer of that loan.

Countrywide is the servicer of the loan.

Bank of America / Countrywide are servicer of the loan.

These types of loans will most likely be reported to at least one of the three national consumer reporting agencies (Equifax, Experian and TransUnion) and so you should be able to find some limited information about them on your credit report including a phone number you can call to talk with the lender / servicer of the loan.

Because the servicer of the loan that collects payments often isn't the original lender.

It is important that you contact the servicer of the loan to notify them that the borrower (s) have passed away.

You may not know your loan is backed by either of these entities because you make your payment to someone else (Bank of America or Wells Fargo for example) but in reality they are probably just the servicer of your loan and the security was at some point sold to Fannie / Freddie.

I have had 4 short sale approvals from the servicer of my loan with Fannie Mae.