a statement provided by the lender informing the borrower of its intention to service the loan or to transfer it to another lender is called

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16-11-2022
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a statement provided by the lender informing the borrower of its intention to service the loan or to transfer it to another lender is called

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Parrain Parrain · Answer 1 · 2022-11-25T11:23:00+01:00

A statement provided by the lender informing the borrower of its intention to service the loan or to transfer it to another lender is called D. Mortgage Servicing Disclosure Statement.

What is a Mortgage Servicing Disclosure Statement.?

A Mortgage Servicing Disclosure Statement ( MSDS) is a document that a lender provides to a borrower that owes them that informs the borrower that the loan is to be serviced.

It is also provided to borrowers when the lender intends to transfer the loan to another lender which then means that the borrower will need to start making their payments to the new lender.

Options for this question include:

A)Mortgage Servicers Statement.
B) Mortgage Loan Transfer Statement.
C) Mortgage Servicing Transfer Statement.
D) Mortgage Servicing Disclosure Statement.

Find out more on servicing a loan at https://brainly.com/question/4476818

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