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Information for Single-Family Lending and Real Estate Professionals
 
Program Announcement

March 1, 2012
Extension on Per Diem from March 1 to April 1, 2012

ServiSolutions has extended the deadline from March 1, 2012 to April 1, 2012 and will pay per diem from loan closing until loan purchase.

For loans closing on or after April 1, 2012, ServiSolutions will pay the per diem interest through the first 10 days of the closed first and second Mortgage Loans. ServiSolutions will then deduct from funding the per diem interest for each day the closed mortgage loan package is not delivered or is a major curative request past the original 10-day delivery period. The 10-day period includes the day of closing, weekends and holidays.

Slight revisions have been made to Section 12 of the manual and the File Stacking Order Forms to reflect the new dates.

Please pass this email on to your shipping staff.

    

 
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