Loan Servicing Explained! DON'T Panic !

After closing on a home, some borrowers receive notice that their mortgage has been transferred to another company.

This process is known as loan servicing.

Loan servicing refers to the company responsible for managing the day-to-day aspects of the loan, including collecting payments, managing escrow accounts, and providing statements.

While the servicing company may change, the original loan terms, including interest rate and payment structure, remain the same.

Understanding this process can help reduce confusion and provide clarity for homeowners after closing.

➡️ Schedule a FREE Personalized Mortgage Consultation 📞 with a Kelly Zitlow Group team member today! ☎️ https://bit.ly/3wERfRV

KELLY ZITLOW, NMLS 164330
Sr. Mortgage Advisor
KellyZitlowGroup@houseloan.com

www.kellyzitlowgroup.com

☎️ CALL or TEXT 480.725.0150

Cornerstone Home Lending, a Division of Cornerstone Capital Bank, SSB. Member FDIC. NMLS ID# 2258 | Equal Housing Lender | Production Office = 14635 N Kierland Blvd Ste 140, Scottsdale, AZ 85254

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