Simple methods to finding out who backed the loan

Before I go digging through all my paperwork and post back the investors I have and the contact info, I'm going to share some EASY methods for finding out who backed the loan.

 

1) Registry of deeds - If there is an assignment of mortgage OR a foreclosure notice USUALLY the investor is listed (this also is true when it gets posted in the paper)

 

2) Freddie and Fannie both have areas where you can look up to see if they own the loan:
http://www.fanniemae.com/loanlookup/

https://ww3.freddiemac.com/corporate/

 

3) MERS - has a place you can see who the servicer is and sometimes the investor - https://www.mers-servicerid.org/sis/

 

4) If the above has not worked, usually the homeowner can call and find out OR you can do a simple one page QWR and send it in and have it mailed to you.  I actually utilize this form in EVERY one of my short sale packages.

 

Is this info necessary?  Maybe...if you run into problems with the servicer, it could prove to be a valuable part of your short sale.

 

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Replies to This Discussion

Permalink Reply by Ghana Bigsby on August 14, 2011 at 5:20am

This is a great share.

 I have used all the above suggested methods. I have never wrote them down before. Just kept them in my head and shared them with outhers by word of mouth. Thanks for puting it in print. I like your suggestion of making the QRW part of every short sale package.

 

Thanks

Permalink Reply by Holly B. Long on August 30, 2011 at 6:55am
What is a QRW and where do I get one?  I have been waiting for the investor on a Morgan Stanley for 3 weeks to give an answer...this is on a 2nd lien....and buyers are getting ready to walk....so desperate to locate "someone" to help - as negotiator not responding.  I don't want this to ever happen again --I want to be able to go to the "source"....
Permalink Reply by Smitty on August 30, 2011 at 10:39am

QWR is a Qualified Written Request and per Respa regulations the lender MUST DISCLOSE to the homeowner who the investor is within 60 days of the request.  It is part of my short sale paperwork.  I actually have the seller fill this out BEFORE I have them sign anything else (other than authorization.)

 

I'm not sure you can get the info as fast as you want it, but the seller has a right to know who the lender is.  I would have the homeowner call and ask and see if they can get it.

Permalink Reply by Hector Reyes on September 12, 2011 at 10:13am

How do I get a copy of a QWR?

Permalink Reply by Tamara Pipkin on July 26, 2012 at 4:03am

Hello Hector,  Did you ever get an answer to your question "How do I get a copy of the QWR"?  I would like to know the answer too. 

 

Permalink Reply by Holly B. Long on August 31, 2011 at 12:15pm
I would love to start using that form as a part of my short sale package.  How do I get a copy of a QWR?  And as for Morgan Stanley - I called them and asked if the homeowner could get the info and they said NO....

Smitty said:

QWR is a Qualified Written Request and per Respa regulations the lender MUST DISCLOSE to the homeowner who the investor is within 60 days of the request.  It is part of my short sale paperwork.  I actually have the seller fill this out BEFORE I have them sign anything else (other than authorization.)

 

I'm not sure you can get the info as fast as you want it, but the seller has a right to know who the lender is.  I would have the homeowner call and ask and see if they can get it.

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