Everyone assumes that the company claiming to be a servicer is a servicer. But it isn't.
Servicing is about money. If the money paid by homeowners is not deposited by their own employees into a financial account owned by the company claiming to be a servicer, then they have no right to record the receipt of such money. And they don’t. I received the following inquiry: why does a “loan …
Everyone assumes that the company claiming to be a servicer is a servicer. But it isn't. Read More »