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Service provider list sample 2025

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The document is a Settlement Service Provider List that informs borrowers about their options for selecting settlement service providers related to their loan. It emphasizes that borrowers are not required to use the listed providers and can shop around for their own. The document includes sections for title insurance and settlement agents, as well as other required services, with spaces provided for provider details.

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What is an sspl in a mortgage?

Settlement service provider list (SSPL) A list of providers that a buyer can use as they close on their loan (with settlement being another name for the mortgage closing process).

What is the P and the I when getting a mortgage?

Mortgage payments are made up of your principal and interest payments. If you make a down payment of less than 20%, you will be required to take out private mortgage insurance, which increases your monthly payment. Some payments also include real estate or property taxes.

What is the written list of service providers?

The Written List of Service Providers is used to comply with the CFPB requirements for disclosing the loan services and fees. The services entered here populate the Written List of Service Providers form when printed. This form is used when you generate your disclosures in Point.

What is the difference between a mortgage originator and a mortgage servicer?

Whats the difference between a mortgage lender and a mortgage servicer? Your mortgage lender is the financial institution that originally loaned you the money. Your mortgage servicer is the company that sends you your mortgage statements and handles the day-to-day tasks for managing your loan.

What is an example of a service provider?

Although a service provider can be a sub-unit of the organization that it serves, it is usually a third-party or outsourced supplier. Examples include telecommunications service providers (TSPs), application service providers (ASPs), storage service providers (SSPs), and internet service providers (ISPs).

Who are considered service providers?

A service provider can be a person, a business, or even a government entity that delivers services to individuals or other organizations. These services can encompass a vast spectrum, including healthcare, education, legal advice, and more.

What is considered a settlement service?

Services that occur at or prior to the purchase of a home are typically considered settlement services. These services include title insurance, mortgage loans, appraisals, abstracts, and home inspections. Services that occur after closing generally are not considered settlement services.

Service provider list sample 2025

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