Mortgage Servicing Transferred? Here’s What You Should Know
Author:
Kevin GrahamJan 31, 2025
•4-minute read
You closed on your home loan, and you’ve made your payment ever since. Now you’ve received notice that your mortgage servicing is being transferred. What does is servicing transfer mean? What’s changing and what isn’t? Why is this a thing? You may have several questions. We’re here to answer them.
What Is Mortgage Servicing?
Mortgage servicing is the act of administering your mortgage from the time your loan closes until it’s paid off. It’s the job of the servicer to collect your payment and forward it to the investors in your mortgage. If you have an escrow account for real estate taxes, homeowners’ insurance and (if applicable) mortgage insurance, they also maintain this.