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Who services loans sold through MPP?

April 26, 2017Loans MPP Services sold

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Who services loans sold through MPP?

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The member can choose to retain the servicing or sell the servicing to a servicer that is approved by FHLBI. This flexibility allows members to determine whether or not they wish to build a servicing portfolio or receive an attractive servicing release premium for the servicing. Regardless of whether or not the member sells the servicing, the member will still retain ownership in the lender risk account (LRA).