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The servicing of your mortgage loan is being transferred, effective [Date]. This means that after this date, a new servicer will be collecting your mortgage loan payments from you. Nothing else about your mortgage loan will change.
A mortgage servicing disclosure provides information from the lender about whether or not the servicing of the loan may be transferred, sold, or assigned to some other person or entity during the life of the loan.
The ?Pooling and Servicing Agreement? is the legal document that contains the responsibilities and rights of the servicer, the trustee, and others over a pool of mortgage loans.
The transferee servicer shall provide the notice of transfer to the borrower not more than 15 days after the effective date of the transfer.
Know your rights under the law You have a 60-day grace period after a transfer to a new servicer.
How to Get a Copy of the Pooling and Servicing Agreement. If the securitization is public, the PSA will be filed with the Securities and Exchange Commission (SEC). You can usually find a copy on EDGAR (Electronic Data Gathering, Analysis, and Retrieval) at .sec.gov.