When you get a mortgage loan there are actually two things that can be sold. One is the rights to the interest. The other is the servicing rights.
What most people don’t know is that servicing rights are separate and often sold to a totally different company. This is what most people think of when thier loan is sold. but in reality just the rights to service the loan and collect that fee is sold. Your actual loan balance is likely held by a totally different company and when that sells you are not even notified.
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