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Home » Store » Servicing » CFPB Taking a Close Look at Servicing Transfers

CFPB Taking a Close Look at Servicing Transfers

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Servicing

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The Consumer Financial Protection Bureau has released an updated bulletin regarding servicing transfers due to continued concerns about how troubled borrowers fare when servicing moves from one firm to another. “In particular, CFPB examiners will carefully scrutinize transfers of loans with pending loss mitigation applications or approved trial and permanent modification plans,” the regulator said. “Examples of good practices by servicers include flagging those loans and ...
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