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Updated over 2 years ago, 07/15/2022
Can BPO lead to loan being called?
Hi all,
My wife and I have done a live-in flip for our current home and are getting ready to move. I talked to our loan servicer about removing PMI since we have created some substantial equity. They agreed and will be sending a broker to perform a BPO.
My question is, since it will be fairly obvious that we are moving and thus that this will no longer be our primary home, should I be worried that the broker will report this back to the servicer and that the servicer will in turn call our loan?
Thanks very much for any insight or opinions!