Mortgage Servicing Transfer Letter Sample

Welcome to our comprehensive guide on Mortgage Servicing Transfer Letter Sample. In this article, we will provide you with examples of Mortgage Servicing Transfer Letter Sample that you can use and modify as needed.

Explaining the Purpose of Mortgage Servicing Transfer Letter Sample

When a mortgage servicing transfer occurs, it is essential to notify the borrower about the change in servicing rights. This notification is typically done through a Mortgage Servicing Transfer Letter. The letter serves as a formal communication to inform the borrower about the transfer of their mortgage servicing rights from one company to another. The purpose of the Mortgage Servicing Transfer Letter is to provide transparency and clarity to the borrower regarding the transfer process and what to expect moving forward.

Helps maintain transparency in the mortgage servicing transfer process
Informs the borrower about the new servicing company
Provides instructions on how to make payments to the new servicer
Outlines any changes in terms or conditions, if applicable

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Example of Mortgage Servicing Transfer Letter Sample

Dear [Recipient’s Name],

We are writing to inform you that the servicing rights for your mortgage loan with [Current Servicing Company] will be transferred to [New Servicing Company]. This transfer will be effective as of [Transfer Date].

As part of this transfer, you will now make all future mortgage payments to [New Servicing Company]. Please note that all other terms and conditions of your mortgage loan remain unchanged, and there will be no impact on the terms of your loan.

If you have any questions or require further information regarding this transfer, please do not hesitate to contact us at [Contact Information]. We are committed to ensuring a smooth transition for you during this transfer process.

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Sincerely,

Your Name