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She added: "Such measures often only prolong the life of loans that are truly unsustainable.
Previously a subscription service, the improved version, now known as Life of Loan Association Surveillance (LOLAS[TM]), is a valuable safe guard when originating loans or modifying existing mortgages by virtue of warning servicers of potential defaults before mortgage payments are actually missed.
Require Life of Loan Accounting: Requires the servicer to send to the borrower at the time it sends the notice of default a life of loan accounting, including an accounting of all payments with application and running balances, an itemization and description of all fees charged and the like.
GL continues to help students and families by providing a comprehensive suite of loan products, debt advisory services and life of loan servicing, each designed to help minimize the cost of education related debt.
Geotrac"), the nation's third-largest provider of flood determination and life of loan monitoring services.
While many lenders have chosen to sell their loans outright to the DOE, Student Lending Works has chosen the latter and depending on what happens in the capital markets in the coming months, Student Lending Works hopes that it can repurchase the rights to those loans in order to offer life of loan customer service for those borrowers.
and its affiliates will electronically interface with SMI to order and retrieve both standard and life of loan flood zone determinations.
In response to a more than 1,000% surge in origination volume from 2006 to 2007, and to strengthen its commitment to students, Graduate Leverage has committed to life of loan servicing for all of its borrowers.