The New York LM:07 Loss Mitigation Affidavit of Creditor and Certificate of Service is a legal document used to protect the creditor’s rights in a foreclosure action. It is used to certify that the creditor has properly and timely served the borrower with notice of the foreclosure action. The affidavit must be signed by the creditor or its authorized representative, and notarized. It must also include a Certificate of Service, which verifies that the borrower has been served with the documents in the foreclosure action. The New York LM:07 Loss Mitigation Affidavit of Creditor and Certificate of Service has two types: an Affidavit of Creditor and a Certificate of Service. The Affidavit of Creditor is a sworn statement made by the creditor or its authorized representative that the facts stated in the affidavit are true and correct. The Certificate of Service is a document signed by the creditor or its authorized representative that verifies that the borrower has been served with the foreclosure documents.