20-08 MIN Transfer Announcement (72 Hours or Less)

August 24, 2020

This is a reminder that our loan purchase and sales agreement requires that a MIN be transferred to CBCMA within 72 hours after a loan is purchased. Any Interim Funder should be removed prior to transfer. About 20% of the loans that we purchase are being transferred late and/or the Interim Funder is not released which requires multiple follow up reminders from our MERS team.  CBCMA Account Executives will reach out to your company contact to notify if your company is part of the 20% to ensure that something is put into place to resolve the problem.

The post 20-08 MIN Transfer Announcement (72 Hours or Less) appeared first on Chenoa Fund - Down Payment Assistance.

CBC Mortgage Agency
NMLS: 1186381
912 W. Baxter Drive, Suite 150
South Jordan, Utah 84095

Main: 866-563-3507
Servicing: 866-563-7572
Fax: 435-237-0022
NMLS 1186381. CBC Mortgage Agency is not affiliated with or acting on behalf of the FHA, VA, or USDA. CBC Mortgage Agency provides down payment assistance and does not originate mortgage loans. This site is for information purposes and is used by licensed industry professionals. The site and the information contained therein is not a solicitation to lend money to consumers. 

For licensing information, go to: www.nmlsconsumeraccess.org.
Licensees must also post their license number and the address and telephone number of the Commissioner: Illinois Department of Financial and Professional Regulation, Division of Banking, 100 West Randolph, 9th Floor, Chicago, IL 60601 1-888-473-4858