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Pricing & Execution Whole Loan/ Servicing Execution Tool Servicing Transfer Instructions for Arrest Central Mortgage Company 2017 Fannie Mae. Trademarks of Fannie Mae. January 20171 of 24Table of
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How to fill out servicing transfer instructions

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How to fill out servicing transfer instructions:

01
Start by gathering all the necessary information and documents related to the transfer. This can include the current servicing agreement, contact information for both parties involved, and any specific instructions or requirements for the transfer.
02
Review the current servicing agreement to understand the terms and conditions associated with the transfer. This will help ensure that you comply with any contractual obligations and properly follow the transfer process.
03
Fill out the necessary forms or paperwork provided by the current servicer. This may include a transfer request form or a servicing transfer instructions document. Make sure to complete all the required fields accurately and provide any additional information or documentation as requested.
04
Contact the new servicer and provide them with the completed transfer instructions or forms. Make sure to provide clear and concise instructions regarding the transfer, including any specific requirements or preferences.
05
Follow up with both the current and new servicer to ensure that the transfer is being processed correctly. Communicate any issues or concerns promptly and work towards resolving them in a timely manner.

Who needs servicing transfer instructions:

01
Individuals or businesses who are transferring their servicing rights to a new servicer. This could include mortgage holders, loan providers, or other entities that have a servicing agreement in place.
02
Current servicers who are responsible for transferring the servicing rights to another party. This could be due to various reasons such as business mergers, acquisitions, or changes in servicing arrangements.
03
Financial institutions or regulatory bodies that oversee or monitor the transfer of servicing rights. They may require proper documentation and instructions to ensure compliance with regulations and to maintain accurate records.
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Servicing transfer instructions are detailed documents that outline the process for transferring the servicing rights of a mortgage loan from one entity to another.
The entity transferring the servicing rights is required to file servicing transfer instructions.
Servicing transfer instructions should be filled out with all the necessary information regarding the transfer of servicing rights, including loan details, contact information, and any other relevant data.
The purpose of servicing transfer instructions is to ensure a smooth and accurate transfer of servicing rights for mortgage loans.
Information such as loan number, borrower name, property address, transfer effective date, and contact information for both parties involved must be reported on servicing transfer instructions.
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