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Parent. Fairbanks Holding (1989-2004) SPS Holding Corp. (2004-2005) Credit Suisse First Boston (2005-2006) Credit Suisse (since 2006) Website. spservicing .com. Select Portfolio Servicing, Inc. (SPS) is a loan servicing company founded in 1989 as Fairbanks Capital Corp. with operations in Salt Lake City, Utah and Jacksonville, Florida .
Mortgage Electronic Registration Systems, Inc. (MERS) is an American privately held corporation. MERS is a separate and distinct corporation that serves as a nominee on mortgages after the turn of the century and is owned by holding company MERSCORP Holdings, Inc., which owns and operates an electronic registry known as the MERS system, which is designed to track servicing rights and ownership ...
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Loan servicing is the process by which a company (mortgage bank, servicing firm, etc.) collects interest, principal, and escrow payments from a borrower. In the United States, the vast majority of mortgages are backed by the government or government-sponsored entities (GSEs) through purchase by Fannie Mae, Freddie Mac, or Ginnie Mae (which purchases loans insured by the Federal Housing ...
Loan term – The number of years it will take you to pay off the mortgage. Purpose – If the loan is to purchase or to refinance a home. Product – Whether the mortgage has a fixed or ...
A mortgage note is one of many closing documents a borrower signs when closing on a home loan. In simplest terms, it represents the mortgage for a given borrower. In technical terms, a mortgage ...
Key takeaways. A mortgage is a long-term loan from a financial institution that helps you purchase a home, with the home itself serving as collateral. Mortgage payments typically consist of ...
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related to: sls login mortgage- Contact a Loan Specialist
Our Experts Are Available 24/7
to Better Serve Military Homebuyers
- Quick Preapproval Process
Get a Preapproval Letter Today
And Find Out Your Buying Power
- Get My Quote
Our Quick and Easy Process Will Get
You Started Fast to Buy a Home
- Fast, Affordable VA Loans
Streamlined Process Built to Save
Military Homebuyers Money & Time
- Contact a Loan Specialist