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SERVICING DISCLOSURE STATEMENT Lender: First Community Mortgage Date: 2102 S. W.S. Young Suite E Killeen, TX 76543 NOTICE TO FIRST LIEN MORTGAGE LOAN APPLICANTS: THE RIGHT TO COLLECT YOUR MORTGAGE

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How to fill out servicing disclosure statement

How to fill out a servicing disclosure statement?

01

Begin by obtaining a copy of the servicing disclosure statement form. This form is typically provided by the lender or the loan servicer.

02

Read the instructions carefully. The servicing disclosure statement form usually includes instructions on how to fill it out correctly. Make sure to understand all the guidelines before proceeding.

03

Fill in the required information. The form will typically ask for details such as your name, contact information, loan account number, and any relevant loan details. Enter this information accurately to ensure the statement is properly attributed to you.

04

Review the sections related to loan servicing. The servicing disclosure statement will contain sections that outline important information regarding who will be responsible for the loan servicing, any potential transfers of servicing, and how to contact the loan servicer.

05

If you have any questions, seek clarification. If there are any sections or terms on the form that you do not understand, reach out to the lender or loan servicer for clarification. It is important to have a clear understanding of the information you are providing.

Who needs a servicing disclosure statement?

01

Borrowers obtaining a mortgage loan. When individuals apply for a mortgage loan, they typically receive a servicing disclosure statement as part of the loan process. This document serves to inform borrowers about the details of loan servicing.

02

Individuals refinancing their mortgage. If you are refinancing your mortgage, you may receive a new servicing disclosure statement. This statement will outline any changes in loan servicing that may occur as a result of the refinancing process.

03

Homeowners experiencing a transfer of loan servicing. In some cases, the servicing of a mortgage loan may be transferred from one loan servicer to another. Homeowners affected by such transfers will usually receive a new servicing disclosure statement from the new loan servicer.

Remember, it is important to carefully read and fill out the servicing disclosure statement to ensure that you understand the terms of your loan servicing and how to contact the relevant parties.

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What is servicing disclosure statement?

Servicing disclosure statement is a document that discloses the servicing rights of a mortgage loan.

Who is required to file servicing disclosure statement?

Lenders or servicers are required to file servicing disclosure statement.

How to fill out servicing disclosure statement?

Servicing disclosure statement can be filled out by providing information about the loan, the servicer, and other relevant details.

What is the purpose of servicing disclosure statement?

The purpose of servicing disclosure statement is to inform borrowers about who will be servicing their loan.

What information must be reported on servicing disclosure statement?

Servicing disclosure statement must include information about the servicer, contact information, and any applicable fees.

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