what bank is sps
Taking an example from one case being litigated now, we have a fact pattern where WAMU was. the âlenderâ in the purchase money mortgage. Chase steps in and refinances the loan. Long after. these events and long after the âdefaultâ was declared by Chase, SPS is said to be the servicer, not Chase. This successor entity is thus the party whose corporate representative is brought to. trial to testify.