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Date:NOTICE OF SERVICING TRANSFER Instructions for Completing Highlighted fields must be completed on the fillable PDF version Borrower: Loan # Serve.# MIN: The servicing of your mortgage loan is
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How to fill out notice of servicing transfer

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How to fill out notice of servicing transfer

01
Start by obtaining a copy of the notice of servicing transfer form. This form is usually provided by the current loan servicer or can be found online on various financial institution websites.
02
Fill in the date of the transfer at the top of the form. This is the date on which the servicing of your loan will be transferred from the current servicer to the new servicer.
03
Provide your personal information, such as your name, address, and contact information. Ensure that this information is accurate and up-to-date.
04
Specify the loan details, including the loan number, original loan amount, and the remaining loan balance. This information can usually be found on your loan statement or other loan documents.
05
Identify the current loan servicer by providing their name, address, and contact information.
06
Enter the details of the new loan servicer, including their name, address, and contact information.
07
Sign and date the form to confirm that the information provided is accurate and complete.
08
Make a copy of the filled-out form for your records.
09
Send the completed form to the current loan servicer through certified mail with a return receipt requested. This will ensure that you have proof of sending and receiving the notice.
10
Keep track of the transfer process and follow up with the new servicer to ensure a smooth transition of your loan servicing.
11
Keep a copy of the notice of servicing transfer form and any related correspondence for future reference or documentation.

Who needs notice of servicing transfer?

01
Any individual or entity whose loan servicing is being transferred from one servicer to another needs a notice of servicing transfer.
02
This includes borrowers of various types of loans such as mortgage loans, auto loans, personal loans, student loans, or any other type of loan that involves a loan servicer.
03
Lenders and loan servicers are responsible for providing the notice to the borrowers in order to comply with regulatory requirements and to inform borrowers of the upcoming transfer of loan servicing.
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A notice of servicing transfer is a formal communication that informs borrowers that their loan servicing has been transferred from one servicer to another.
The loan servicer who is transferring the servicing rights is required to file the notice of servicing transfer.
To fill out a notice of servicing transfer, include details such as the names of the transferring and receiving servicers, the effective date of the transfer, and borrower information.
The purpose of the notice of servicing transfer is to inform borrowers about changes in their loan servicer and to ensure they know where to send payments and direct inquiries.
The notice must report the names and contact information of both servicers, the effective date of the transfer, and any changes in payment instructions.
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