How do i find out who my loan servicer is

Your loan is assigned to a loan servicer by the U. Department of Education (ED) after your loan amount is first disbursed (paid out). The loan has been disbursed when your school transfers your loan money to your school account, gives money to you directly, or a combination of both. Click on “Financial Aid Review”.

Accept the terms and conditions. If you don’t have one, you can easily create one.

Once you , you’ll see a summary of all your loan data. Your servicer’s job is to help keep your loans in good standing by giving you the support and resources you need. If you have trouble working with your servicer , submit a complaint to the Consumer Financial Protection Bureau. Here are five ways your servicer can help you, and how to find out which company you’ve been assigned to work with.

Using the NSLDS to Find Your Loan Servicer. If you logged into the system prior to that time (for instance, to fill out your FAFSA), you’ll need to create a new FSA ID in order to use the system. Go to the Federal Student Aid FSA ID page.

You might check your credit. I changed credit monitoring services last week and the new service lists the loan owner not the servicer (new service is Identity Theft from Costco).

I know it sounds harsh but who owns your mortgage is really none of your business. You signed a contract in which you pledged to make monthly payments to whomever holds the mortgage note. The owner(s) of the mortgage can sell and re-sell. If you have Direct Loans or Federal Family Education Loan (FFEL) Program loans , go to My Federal Student Aid to find information about each of your federal student loans and to get contact information for the loan servicer or holder for your loans. If you have Federal Perkins Loans , contact the school where you got the loan to get information.

Your school might be the servicer for the loan. The easiest option is to call the mortgage servicer and ask who is the actual holder of the loan. That’s why you first need to figure out who your servicer is.

You can also send a qualified written request (also called a request for information) to your servicer asking who owns the loan. If you got your financing through the dealer, or your lender transfers servicing rights to a third party, you can generally expect that you will receive a welcome letter from your lender or servicer giving you information about your loan. The letter should include contact information and information about how and when you make payments. Student loan servicers are assigned to both federal and private loans. The process for finding your loan servicer will be different depending on whether you have federal or private student loans.

If you have both, we’ve got you covered in terms of the steps you need to take to find your student loan servicer. So who now owns my mortgage and how do I find them? If the servicer is either unaware of who the owner is, or is unable to reveal that information to the borrower, per the request of the owner, other means of locating them will need to be used. The servicer , if different from the lender, is the company that processes mortgage payments. It also takes care of other loan -associated tasks such as dispersing escrowed tax and insurance payments to county governments and insurance companies.

When you have multiple loan servicers the most important thing is that you keep track of all of them.

All of your loan servicers should maintain contact with you to inform you of your loan terms, repayment options, and of any changes to your loan servicer. Here is the name, address, and contact info for the Federally approved student loan servicers. If your mortgage is owned by Freddie Mac or Fannie Mae, you may contact those companies directly. Search for your Mortgage Identification Number using the MERS system (see Resources). Due to confidentiality laws, this will likely only give you the information of the loan servicer and not the investors or companies that own the mortgage.

You should understand who owns your mortgage loan and which company services it. To find out why this distinction is important, read on. The Mortgage Servicing Industry: Who’s Who. The primary parties involved in residential mortgage servicing are: The lender. The lender—sometimes called an “originator”—is the bank or mortgage lending company that provides the loan to the borrower in the first place.

A servicer handles the daily management of loan accounts. In some cases, the servicer will tell you who owns your loan , but sometimes the servicer may not know the name (or names) of the investor that owns your mortgage loan or is prohibited from giving out that information. Fannie Mae and Freddie Mac own many mortgage loans, and each agency has a loan look-up.

Any time you think your loan servicer may have change you can contact your previous loan servicer to find out, visit NSLDS, check your credit report, or check your most recent loan statement. In some instances, you may need to check your student loan balance while you’re still in school. What If I’m Still in School?

How to change mortgage loan servicers. The only way to change mortgage servicers is to refinance your loan and move to a lender that services the loans they originate. Contact your loan servicer as soon as possible.

Also ask your loan servicer about your options for a deferment or forbearance or loan consolidation.