You close with one lender and a few months later you get a letter saying your loan has been transferred to a company you've never heard of. This is common and completely legal — here's what's actually happening.
Servicing
Why your loan servicer might change
Your loan gets sold. Here's what that means and what actually changes for you.
By Lighthouse Companies, LLC · Updated · 2 min readLighthouse provides educational information, not a personal loan quote, lending decision, or legal or financial advice. Verify the figures against your documents and ask your lender, servicer, or a qualified professional about your circumstances.