Can BPO lead to loan being called?

[Neil Seldomridge]

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!

[Chris Seveney]

@Neil Seldomridge

0% chance. I have ownership stake in a servicing company and if a loan is performing the lender never even cares or checks the notes. As someone who invests in notes of a borrower ordered a bpo I would think they would be trying to refinance.