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How and when are Life-of-Loan changes communicated to the lender?

April 26, 2017changes communicated Lender life-of-loan

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How and when are Life-of-Loan changes communicated to the lender?

1 Answer

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When a map is revised, we send notifications within 60 days for any affected loans along with a summary report. Notices can be sent in electronic or hard copy format or both. Changes can also be automatically uploaded into a loan servicing system.