As a homeowner, it is essential to understand the mortgage servicer and subservicer that oversees your loan. Mr Cooper is an approved subservicer for Lakeview Loan Servicing, so it is important to become knowledgeable about their services and the benefits that they offer. This blog post will provide an overview of Mr Cooper and Lakeview Loan Servicing to better equip you with the information needed to make educated decisions about your mortgage.
At Mr Cooper, their mission is to simplify the home loan experience by providing exceptional customer service and innovative technology. They specialize in managing loans and services specializing in mortgage loan origination, home loan servicing, and loss mitigation. Mr Cooper also provides online tools and resources to help homeowners better understand the loan servicing process and make informed decisions related to their home loan.
Lakeview Loan Servicing is an experienced provider of loan servicing products and services. They are committed to providing superior service to help borrowers manage their home loan payments and stay on track
Why did my mortgage get transferred to Mr. Cooper?
Due to your previous servicer selling your loan to us, your new servicer, your account was transferred. Mortgage loans being sold between servicers is very common. In this way, hundreds of thousands of loans are transferred each year.
Does Mr. Cooper service their loans?
Mr. Cooper is your mortgage servicer. That means we handle the day-to-day details, including processing your monthly payment and taking care of escrow, taxes, and insurance.
What mortgage company did Mr. Cooper take over?
In March 2012, Nationstar Mortgage Holdings, Inc. commenced trading publicly through a IPO on the New York Stock Exchange. Due to financial issues, the business changed its name to Mr. Cooper.
Is Lakeview loan servicing legit?
One of the biggest loan servicers in the U.S. is legitimate business Lakeview Loan Servicing. S. According to the company, it assists over 1. 4 million customers per year with their loans.
Why did Mr. Cooper transfer my mortgage?
Mr. Cooper transferred my mortgage for a variety of reasons. He may have done so to provide more efficient customer service, as transferring ownership of a mortgage to another lender can often help streamline the loan process. Additionally, transferring a mortgage can help give customers access to more competitive rates and terms. It may also be the case that Mr. Cooper wanted to offer customers more options in terms of loan products and services. He may have felt that transferring the mortgage would better meet the needs of the customer and provide a more satisfactory experience. Ultimately, Mr. Cooper transferred my mortgage to provide a more satisfactory and efficient loan experience for customers.
What happens when mortgage loan is transferred?
When a mortgage loan is transferred, it is typically done from a lender to another lender, or from an investor to another investor. The process of transferring a mortgage loan involves the transferor relinquishing the loan and all the rights associated with it to the transferee, including the right to collect payments and the right to enforce the terms of the loan. The process of transferring a mortgage loan typically involves the transferor executing a loan transfer agreement with the transferee, as well as executing a promissory note and a deed of trust in favor of the transferee. Additionally, the transferor will usually be required to provide the transferee with all the loan documents, such as the promissory note and deed of trust, along with any other