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Notice of Assignment Sale or Transfer of Servicing Rights Mortgage Loans Form

Notice of Assignment Sale or Transfer of Servicing Rights Mortgage Loans Form

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all right let's begin to talk about some of  the specific requirements that are going to   land on our servicing plate today the first one  is this notice of servicing transfer there is no   exemption for this one so everybody listings  playing here today page number five when you   transfer the servicing of a mortgage loan what's  required we'll drop down on page five the letter b   one two and three if you're the transfer er you  have to provide a notice no less than 15 days   prior to the effective date of the transfer if  you're the transferee no more than 15 days after   now they also have in the regulation a way  to make this simple where you can have one   transferee transfer notice on behalf of both it  just has to go out no less than 15 days prior so   whichever one of those is the higher bar so  the before the effective date of the transfer   is number three what's that notice gotta  entail well I&

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