Fall Regulatory Summit

First page Table of contents Previous page 220 Next page Last page

Internal Use Only

Is the following an accurate statement? Licensed Required • Contract with Subservicer • Just buy the servicing rights

License not Required

• Buy a loan without the servicing rights

Internal Use Only

Master Servicing - Questions

Should a company that relies on a sub-servicer to service on its behalf (i.e., has no consumer facing activities), be held to a different application rigor since they do not have consumer contact?

12

Made with FlippingBook. PDF to flipbook with ease