Donald R. Palumbo - Ashburn VA, US Thomas J. Carter - Walkersville MD, US Amelia M. Dixon - Clifton VA, US Kathleen P. Keller - Ashburn VA, US John J. Jozwiak - Frederick MD, US
A method for facilitating the sale of a loan having a loan asset and a service asset is provided. The method includes the steps of receiving a bid from one or more servicers for purchasing the servicing asset and receiving a loan commitment selection from a lender. The method further includes selecting a servicer from the one or more servicers with a lender based upon a predefined set of criteria for selecting a servicer. The method also includes generating an all-in price, the all-in price including the price for purchasing the loan asset and the servicing.
System And Method For Transferring Mortgage Loan Servicing Rights
Donald R. Palumbo - Ashburn VA, US Thomas J. Carter - Walkersville MD, US Amelia M. Dixon - Clifton VA, US Kathleen P. Keller - Ashburn VA, US John J. Jozwiak - Frederick MD, US
Assignee:
Fannie Mae - Washington DC
International Classification:
G06Q 40/00
US Classification:
705 40
Abstract:
A computer-implemented system for facilitating sale of a mortgage loan comprises committing logic and servicing execution logic. The committing logic is configured to receive a loan commitment from a lender. The servicing execution logic is coupled to the committing logic. The servicing execution logic is configured to receive servicing-released pricing from one or more servicers for purchasing a servicing asset of the loan from the lender. The servicing execution logic is further configured to select one of the one or more servicers as a purchaser for a servicing asset of the mortgage loan from the lender based upon parameters specified by the servicers and/or by the lender.
Name / Title
Company / Classification
Phones & Addresses
Amelia Dixon Principal
Amelia Dixon Realty, LLC Real Estate Agent/Manager