Trying to understand Loan estimates


A total real estate noob here. We just put an offer on a single family home last week and We have started shopping around for rates.

I’m trying to understand some components of my loan estimate from Citi. Under Servicing, it says “We intend to transfer servicing of your loan” .

I understand this means that Citi might sell my mortgage to a third party. But trying to understand if this is a good thing or a bad thing? and In general, is this something we should be wary about?

It doesn’t impact you and most companies sell servicing rights. The terms of your loan won’t change.


CitiMortgage uses Cenlar as the loan administrator. As far as I can tell, there is no difference.

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