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Transfer of Your Loan. While you may start the loan process with a lender or mortgage broker, you could find that after settlement another company may be collecting the payments on your loan. Collecting loan payments is often known as "servicing" the loan. Your lender or broker will disclose whether it expects to service your loan or to transfer the servicing to someone else.
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CLOs. Computer loan origination systems Interest Rate, "Points" & Other Fees Lender-Required Settlement Costs Resources Source:
U.S. Department of
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