What is Post-Close Servicing?
GTG Financial, Inc
GTG Financial, Inc CA
Published on June 13, 2022

What is Post-Close Servicing?

It’s a normal part of the loan process!
After your loan closes, it’s not uncommon that the wholesale lender will hand off the servicing of your loan – payment collection, escrow account management, tax documentation, and similar activities – to another company that does these things best.

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If that happens, you will receive a letter from the wholesale lender to let you know, and you will also receive a letter from the company that will now service your loan.

This is important, and to be safe, NEVER make a payment to another company unless you’ve also heard from the wholesale lender to verify the transfer of servicing first.

Going forward from here, your servicer will be able to answer any questions about collecting payments and managing your escrow account for taxes and insurance. We will continue to be available to assist you or any referrals you send our way with new home financing needs. We’re always happy to help.

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GTG Financial, Inc
GTG Financial, Inc CA
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