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Mortgage Partnership Finance Program Concurrent Servicing Sale Manual for IOWA BANKERS MORTGAGE CORPORATION April 2018 RevisionMortgage Partnership Finance, MPH, emf, and MPH Extra are registered trademarks

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What is concurrent servicing sale?

Concurrent servicing sale is the process of simultaneously selling multiple servicing rights for loans.

Who is required to file concurrent servicing sale?

Financial institutions and mortgage servicers are required to file concurrent servicing sale.

How to fill out concurrent servicing sale?

Concurrent servicing sale forms can typically be filled out online through the designated government portal.

What is the purpose of concurrent servicing sale?

The purpose of concurrent servicing sale is to ensure transparency and compliance in the sale of servicing rights for loans.

What information must be reported on concurrent servicing sale?

Information such as loan details, servicing rights sold, sale price, and buyer information must be reported on concurrent servicing sale.

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