This is an extremely common practice for mortgage lenders. A company may sell the loan to another mortgage company or servicer to free up additional capital in order to continue providing home loans.
Churchill may act as the servicer themselves, while other times they transfer or "sell" the loan. When this happens, the new loan servicer owns the rights to your loan and will now be responsible for collecting payment.
This does not affect your interest rate, loan amount, or type of loan. If the loan is sold or transferred, you will receive a letter in the mail with information regarding your new servicer and how to make your first payment once that process is complete.
Your mortgage can also be sold more than once, which has nothing to do with you as a homeowner. It is simply a business decision that companies make to free up capital.
If you have concerns or questions regarding the transfer of your loan, Churchill Mortgage is a great resource and can be reached at 888-562-6200. If you have any additional questions, our Customer Success Team is always here to help!