What is a sale of service or loan transfer?

What is a sale of service or loan transfer?

The process by which one lender transfers the loan servicing rights from a mortgage company to another loan company. When this happens any automated payments you have setup will typically stop working, which can cause you to miss payments.

EarnUp can make this process a lot easier! All you need to do is to notify us and provide us with the updated information and we will redirect your future payments to the new mortgage servicer.