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Arizona
Mesa
Notice of Assignment...

Mesa Arizona Notice of Assignment, Sale, or Transfer of Servicing Rights, Mortgage Loans

Category:

Loans and Lending - Real Estate

State:

Multi-State

City:

Mesa

Control #:

US-37006-C

Format:

Word;

Rich Text

Instant download

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Description

This form notifies a borrower that the servicing of his/her mortgage loan is being assigned, sold, or transferred to a new lender.

Free preview

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Interesting Questions

Is this a common practice in the mortgage industry?

Absolutely! Transferring servicing rights happens quite often, so it's normal to receive these notices from time to time.

Who should I contact if I have questions about this notice?

You should reach out to the new servicer's customer service, as they will have all your updated information and be able to assist you.

Will my interest rate change because of the transfer?

Nope, your interest rate remains the same. This notice is purely about who you send your payments to.

Do I need to do anything after receiving this notice?

Typically, you don't have to do a thing. Just make sure to note the new servicer's details and update any automatic payments if needed.

How will this affect my mortgage payments?

Not to worry, your mortgage terms won't change. You’ll just be sending your payments to a new address and may deal with different customer service.

Why am I receiving this notice?

You're getting this notice because the company that used to handle your mortgage has decided to sell or transfer that responsibility to a different lender.

What is a Notice of Assignment, Sale, or Transfer of Servicing Rights?

It's a heads-up you get when your mortgage servicing rights are sold or transferred to another company. It means a new company will manage your mortgage payments and customer service.