NOTICE OF SERVICING TRANSFER Borrower(s) Name And Address:
Date: Current Servicer
Current Servicer Loan Number: New Servicer Loan Number: The servicing of your mortgage loan is being transferred, effective This means that after this date, a new servicer will be collecting your mortgage loan payments from you. Although the servicing of your loan is being transferred your Benchmark Loan officer is your lender for life! Please do not hesitate to contact us at benchmark.us/your-loan and visit our online resource center. you after
is now collecting your payments.
will stop accepting payments from
will collect your payments going forward. Your new servicer will start accepting payments received from you on
Payment Address:
Overnight Address:
If you have questions for either your current servicer , or your new servicer about your mortgage loan or this transfer, please contact them using the information below: Current Servicer:
New Servicer (Correspondence Address)
A billing statement will be mailed to you under a separate cover. Beginning on the effective date of transfer, payments received by the current servicer that should go to the new servicer, the current servicer shall promptly: (i) Return the payment to you, or (ii) Transfer the payment to the new servicer (*Please note, some servicers will not accept forwarded payment from your current servicer, in this case, the payment will be returned to you) Under Federal law, during the 60 -day period following the effective date of the transfer of the loan servicing, a loan payment received by your old servicer on or before its due date may not be treated by the new servicer as late, and a late fee may not be imposed on you. This transfer of servicing does not affect any terms or conditions of the mortgage loan other than the terms directly related to the servicing of the loan.
Please contact your homeowners insurance company and ask that your “mortgage” clause be updated to read: Important note about insurance: If you have mortgage life or disability insurance or any other type of optional insurance, the transfer of servicing rights may affect your insurance in the following way: Not applicable, you do not have any optional insurance associated with your loan. You should do the following to maintain coverage: Not applicable, you do not have any optional insurance associated with your loan.