Is Bayview Loan Servicing now community?

Is Bayview Loan Servicing now community?

Name Change and Organizational Restructuring: Community Loan Servicing, LLC (CLS) was previously known as Bayview Loan Servicing. The servicer completed its corporate name change in September 2020.

Who owns Bayview loans?

BAM
Bayview Loan Servicing, LLC, or BLS, a wholly-owned subsidiary of BAM, is a highly rated servicing platform that for over ten years has provided primary and special mortgage loan servicing for residential and commercial loans owned by BAM and its affiliates and, to a lesser extent, certain third-parties.

What does Bayview Loan Servicing do?

Bayview Loan Servicing, LLC (BLS, or the company) is a servicing arm of Bayview Asset Management, LLC (BAM), a manager of funds that invest in commercial and residential whole loans as well as asset-backed securities and other mortgage-related assets.

What is the difference between a lender and a servicer?

Your mortgage lender is the financial institution that loaned you the money. Your mortgage servicer is the company that sends you your mortgage statements. Your servicer also handles the day-to-day tasks for managing your loan.

Is a loan servicer a debt collector?

The Fair Debt Collection Practices Act (“FDCPA”) provides that a mortgage loan servicer is not governed by the FDCPA–because the servicer is not a “debt collector.” However, federal appellate courts and trial courts have held/ruled that a mortgage loan servicer who is assigned a mortgage loan debt while it is in …

Does a loan servicer own my loan?

Many mortgage loans are sold and the servicer you pay every month may not own your mortgage. Whenever the owner of your loan transfers the mortgage to a new owner, the new owner is required to. If you don’t know who owns your mortgage, there are different ways to find out.

Is the Lakeview loan servicing data breach legitimate?

A December 2021 breach of Lakeview Loan Servicing’s customer data has led to another proposed class action against the company in the U.S. District Court for the District of South Carolina. The breach affected the personal information of more than 2.5 million customers.