Wrap loan servicing with careful document review
Provident reviews the lender account, underlying-lien information, loan documents, and borrower setup before servicing a wrap loan.
Who this is for
Review the wrap and underlying loan before servicing begins.
Wrap and subject-to loans may require additional documents and payment instructions. Provident reviews what applies before the loan becomes active.
Wrap and subject-to loans that include an underlying obligation
Loans that require an existing-lien or wrap addendum
New or transferred wrap loans that need payment processing and borrower support
What Provident handles.
Provident keeps payments, reporting, documents, and support connected to the serviced loan.
Documents that match the loan
Provident requests wrap and existing-lien documents only when they apply to the loan.
Clear transfer instructions
For transferred loans, Provident explains the new payment and account instructions while the original note terms remain in place.
Support after setup
Borrowers and lenders can contact Provident with payment, account, and document questions after the loan is active.
How servicing begins.
- 01
Complete lender setup
Provident approves the lender account before accepting a wrap loan for servicing.
- 02
Review the wrap loan documents
Provide the borrower information, note, underlying-loan documents, and any required addenda.
- 03
Begin servicing
Once the loan is active, Provident processes payments and provides verified account support.
Compare loan servicing options.
Choose the page that best matches the type of loan you need serviced.