ARCHIVED BLOG POSTS
2015
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Comments
Service Release Premium (SRP)/ Overage is profit that banks make when they sell a Borrower's loan to a servicing company post closing. Amazingly, banks are legally allowed to hide this profit, never having to disclose it to consumers. Banks make money on the interest rate they sell to borrowers...
06/03/2015
Rainmaker
19,816
19,816
Steve McRory
Mortgage Loan Originator