We wanted to give a brief update to that as the payment to our previous loan servicer has been applied and SoFI has taken ownership of the loan using their servicer MOHELA.
Everything appears to have worked swimmingly and our previous servicer indicates that the loan has been paid in full! So that’s good news and now we’re working on setting up the automatic payments with SoFI/MOHELA so that we can get the extra .25% interest rate deduction benefit which they say will take 3-5 business days to activate.
As we move forward with SoFI we’ll make sure to provide some more updates with any issues or good things to share. I’ve got to say that so far they’ve made the process as painless as I think it can be.
Full Disclosure: The links above to SoFI are referral links. I will get a small bonus from SoFI if you sign up using my link and you will get $100.