One of the reasons that we do is so that a 1098 is produced  with interest paid at settlement and points paid if applicable. We have credit reporting turned off for our loans held for sale.  We do an accrual adjustment to remove the accrued interest when paying off the loan, a prin paydown, and remove escrow by using a t/c.  We don’t want it to represent a payment that came from the customer.

 

 

 

Good afternoon,

We are looking into procuring an additional investor and would not be retaining the servicing.  For loans we create documentation for that we intend to immediately sell and not service does anyone know if they need to be uploaded to Silverlake?

Thank you!

 

 

Beky Steinbrecher

Business Applications Analyst

Xperience|Silverlake|Teller|4Sight|Cognos

JHA Client Portal|OnBoard Deposits|FedLine

Jonestown Bank & Trust Co.

(717) 274-5180 Extension 3705

 

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