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SERVICING DISCLOSURE STATEMENT Lender: CUSTOM MORTGAGE LLC Date: 460 S. FITNESS PLACE EAGLE, ED 83616 NOTICE TO FIRST LIEN MORTGAGE LOAN APPLICANTS: THE RIGHT TO COLLECT YOUR MORTGAGE LOAN PAYMENTS
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How to fill out servicing disclosure statement

How to fill out servicing disclosure statement:
01
Begin by gathering the necessary information and documents. This may include the borrower's name, loan type, loan amount, and any applicable loan numbers.
02
Review the servicing disclosure statement form provided by your lender or loan servicer. This form is typically required by law and outlines important details about how your loan will be managed.
03
Read the instructions and explanations provided on the form carefully. This will help you understand the purpose and requirements of the servicing disclosure statement.
04
Fill in the required fields on the form accurately and completely. This may include providing your personal information, such as your name, address, and contact details.
05
Include the loan details, such as the loan amount, interest rate, and any payment or repayment terms mentioned in the document.
06
Review the completed form for any errors or missing information. Make sure all the required fields are filled in correctly and that the information provided is accurate.
07
Sign and date the form at the designated section. This confirms that you have read, understood, and agree to the terms stated in the servicing disclosure statement.
08
Keep a copy of the completed form for your records. It is important to have a record of this document in case any issues or disputes arise regarding the servicing of your loan.
Who needs servicing disclosure statement:
01
Borrowers who are obtaining a mortgage loan or refinancing their existing mortgage.
02
Individuals who are seeking a loan from a lender or financial institution.
03
Anyone who is entering into a loan agreement where the loan will be serviced by a loan servicer. The servicing disclosure statement provides transparency and important information about how the loan will be managed and any potential fees or changes that may occur during the life of the loan.
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What is servicing disclosure statement?
The servicing disclosure statement is a document that provides important information to borrowers about the transfer, sale, or assignment of their mortgage loan servicing rights.
Who is required to file servicing disclosure statement?
Lenders or mortgage brokers are required to provide the servicing disclosure statement to borrowers as part of the loan origination process.
How to fill out servicing disclosure statement?
The servicing disclosure statement should be filled out by the lender or mortgage broker according to the requirements set by the relevant regulatory authority.
What is the purpose of servicing disclosure statement?
The purpose of the servicing disclosure statement is to inform borrowers about the potential transfer or sale of their mortgage loan servicing rights, allowing them to make informed decisions regarding their loan.
What information must be reported on the servicing disclosure statement?
The servicing disclosure statement must include information such as the identity of the lender, the possibility of the loan servicing being sold or transferred, and how the borrower may be notified about such changes.
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