Are loans in forbearance eligible for the concurrent sale of servicing through the Servicing Marketplace (SMP)?
Yes, but forbearance eligibility will vary by servicer. Some servicers may not purchase servicing for loans in forbearance. Lenders should confirm with their SMP servicers whether they are accepting servicing on loans in forbearance and review their servicer rate sheets for any adjustments or exclusions for SFC 919.
For more information, refer to the published Lender Letter LL-2020-06, Selling Loans in Forbearance Due to COVID-19.