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Borrower Assistance Application - Rushmore Loan Management ... 2025

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The document outlines the process for submitting a Borrower Assistance Application to Rushmore Loan Management Services for individuals experiencing financial hardship. It details the required information and documentation needed, including personal and property details, income and expense disclosures, and specific hardship reasons. The application aims to evaluate eligibility for various mortgage relief options, such as loan modifications or repayment plans, while emphasizing the importance of accurate information and compliance with federal regulations.

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2018	4.8 Satisfied (40 Votes)
2014	4.4 Satisfied (129 Votes)

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Got questions?

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

Why is the servicing of my loan being transferred?

This just means that a different company is going to handle your payments, escrow, etc. the terms of your loan arent changing. The terms of your forbearance shouldnt change either, but After the transfer, call the new servicer and confirm that. Open communication with your servicer is always important.

Why was my mortgage transferred to SPS?

Homeowners are often transferred to SPS once they become delinquent on their mortgage payments.

What happens when a loan goes into special servicing?

If a loan goes into default, servicing will generally be switched to a special servicer. Special servicers are paid as long as a loan is in default, which creates a conflict of interest between the special servicer and the borrower. Borrowers should be extremely careful about defaulting on conduit loans.

What is a uniform borrower assistance form?

Your account was transferred because your previous servicer sold your loan to us, your new servicer.

Why was my loan transferred to Rushmore Servicing?

If you have further questions, you may contact customer service at 877-888-4606.

rushmore servicing email

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Why would my mortgage loan be transferred?

Mortgages are often sold to other companies or investors to free up funds for the lender to offer more loans. The trading of mortgage-backed securities in the secondary mortgage market allows for a continuous flow of funds in the housing and financing markets.

What happened to Rushmore loan management?

Cooper Group, Inc. On April 6, 2023, Mr. Cooper Group (Mr. Cooper) announced its acquisition of Rushmore Loan Management Services LLC, including Rushmore Loan Managements loan servicing platform and mortgage servicing rights.

Borrower Assistance Application - Rushmore Loan Management ... 2025

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Why is the servicing of my loan being transferred?

Why was my mortgage transferred to SPS?

What happens when a loan goes into special servicing?

What is a uniform borrower assistance form?

Why was my loan transferred to Rushmore Servicing?

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Why would my mortgage loan be transferred?

What happened to Rushmore loan management?

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