You can register to get access to your online account within 7 days of your official transfer date, or as soon as your loan application is approved. 
<ul>
<li>If you created an online account during the originations process, you can use that same information. Get started <a href="/signin">by signing in.</a></li>
<li>If you didn’t already <a href="/accounts/new">create an online account,</a> all you need is your loan number, Social Security Number, and property ZIP code.</li>
</ul>
Download our secure mobile app in the <a href="https://apps.apple.com/us/app/mr-cooper/id1114621467">App Store</a> or <a href="https://play.google.com/store/apps/details?id=com.mrcooper.apollo.beta&amp;hl=en_US">Google Play</a> to manage your account anytime, anywhere.

How and when new customers can create an online account

Setting Up Your Online Account

If you opened an escrow account as part of your loan agreement—or chose to open one to simplify your life—we will take care of your tax and insurance payments for you.
- View and [manage your escrow account](/servicing/escrow) online by signing in to your account.
- If you don’t have an escrow account with us but would like to set one up, please [contact us.](/contact_us)

For other escrow-related questions, please reference our [escrow support.](/help-center/escrow)


Explains that we handle established escrow accounts

Managing Escrow Payments for New Accounts

You’ll receive your first monthly statement **within 30 days** of your **funding or transfer date.**

Want access sooner? Sign in to your online account to [view your statement](/servicing/statements) as soon as it’s available. 
[Note]
**Note:** Our secure, automated phone system can also send you a one-time link to view your statement—just call 833-685-2565.
[/Note]

When new customers will receive their first monthly statement

Receiving Your First Monthly Statement

You can register to get access to your online account **within 7 days** of your official transfer date, or as soon as your loan application is approved.  
- If you **created** an online account **during the originations process,** you can use that same information. Get started [by signing in.](/signin)
- If you didn’t already [create an online account,](/accounts/new) all you need is your loan number, Social Security Number, and property ZIP code.


Download our secure mobile app in the [App Store](https://apps.apple.com/us/app/mr-cooper/id1114621467) or [Google Play](https://play.google.com/store/apps/details?id=com.mrcooper.apollo.beta&amp;hl=en_US) to manage your account anytime, anywhere.


New Customer Basics

If you had automatic draft payments scheduled with your previous servicer, the “goodbye” letter they sent you and the welcome letter from us will indicate if those automatic draft payments were transferred to us and will continue.

- If they **did transfer,** your first payment may be **delayed by up to 10 days** but there **won’t be any late fee or credit impact.** After that, payments will be drafted on the regular date.

- If they **didn’t transfer,** you can sign in to your account to quickly [set up AutoPay.](/servicing/payments/autopay/new)


How to know if automatic payments are transferring and what happens next

Automatic Payments for Transferred Accounts

You’ll need to **notify your insurance company** that your loan was transferred to us and that they’ll receive payments from us now. 

Give them your new loan number and have them update the mortgagee clause on your account to:

[Indent]
Nationstar Mortgage LLC    
Its Successors and/or Assigns    
PO Box 7729    
Springfield, OH 45501
[/Indent]

[Note]
**Note:** If you had optional insurance products (like life insurance or disability coverage) through your previous servicer, these products may not transfer and could be cancelled. We suggest contacting your insurance provider and arranging to pay them directly for these policies.
[/Note]

Provides instructions and details for updating homeowners insurance policies

Homeowners Insurance Changes for Transferred Accounts

Here are some of the most important things to keep in mind about your transfer:

[Indent]
**Credit**
- There are **no late fees or negative reporting** to the credit bureaus during the **first 60 days** after your transfer.
- This transfer has **no impact** on your credit rating.

**Escrow**
- If you had an escrow account with your previous servicer, we’ll continue to make your tax and insurance payments promptly.

**Fees**
- There could be some changes in your fees. For more details, review our complete [list of fees.](https://storage.googleapis.com/apolloimage/images/Support/MRC/cooper_fees_general.pdf)

**Loan Terms**
- The terms of your loan remain **exactly the same.**
 - This means your interest rate, monthly principal and interest payment, and repayment timeframe are all identical to what they were with your previous servicer. 

**Other**
- If you had a workout or modification plan with your previous servicer, **we’ll continue it.** Just allow us up to 30 days from your transfer date to get all of your account information.
- If you were in the middle of selling or refinancing your home when the transfer occurred, you can request a [payoff quote](/servicing/payoff_quote_requests/new) once your information is in our system.

**Payments**
- Your previous servicer is **required to forward us** any payments you make to them for 60 days after your transfer date. 
[Note]
**Note:** Once 60 days have passed from your transfer date, please be sure your payments are sent directly to us at the new address provided in your Welcome Packet.
[/Note]
[/Indent]

Whether you prefer to make payments by mail, phone, online, or by automatic draft, we’ve got you covered. For more information, please view our complete [list of payment options.](/help-center/payments/payment-options)
[/Indent]


Explains ways a loan transfer may affect you

How an Account Transfer Impacts You

You should have received a “goodbye” letter (Notice of Servicing Transfer) from your previous servicer when your loan was transferred to us. The letter should include your **official transfer date** and arrive around **15 days before** that date.
[Note]
**Note:** You can find copies of the letter(s) in the ["Miscellaneous"](/servicing/statements/misc) statements tab.
[/Note]
Around **2 weeks after your transfer date,** you’ll receive a Welcome Packet from us, which includes:
- your welcome letter;
- your new loan number;
- a payment coupon;
- our contact details; and
- other important information.



When and how you are notified of an account transfer

Notification of Account Transfer

If you are one of the many customers being transferred from Wells Fargo: Welcome, we are happy to have you! You were transferred because Wells Fargo sold your loan to us, your new servicer (the company you send your mortgage payments to). This is a very common practice in the mortgage industry, and you are in good hands—we are one of the largest servicers in the country.

The absolute quickest way to get started with Mr. Cooper is to [visit our Welcome page](/welcome). Here you can find your loan, view account details, and create an online account if the transfer is complete. If your transfer is still in process, we’ll show you the date when you will have full account access. Our blog article, [Is Mr. Cooper a Real Mortgage Company?](https://www.mrcooper.com/blog/is-mr-cooper-a-real-mortgage-company/), answers some of the most common questions about us, including how long we’ve been around and why we have such a unique name. 

Not a Wells Fargo customer? Visit our [Welcome page here](/welcome) for transfer information.

This article helps you get started with confidence by describing what you can expect from Mr. Cooper during—and after—the transfer process.
    
    
     
###The Mr. Cooper Difference###
[Indent]
We’re not your average mortgage company, so we don’t provide average service.
- You’ll have access to an *upgraded digital experience* when you [create your online account](/accounts/new), including our award-winning [mobile app](/mobile_app).
    
- We have multiple [payment options](/help-center/payments/payment-options) to suit your needs, including online, [monthly AutoPay](/help-center/payments/managing-automatic-payments), [biweekly AutoPay](/help-center/payments/biweekly-autopay), [phone](/help-center/payments/paying-by-phone), and more.
    
- We make your annual [escrow analysis](/help-center/escrow/escrow-analysis-escrow-review) easy to understand.
    
- Our [Help Center](/help-center/), [Blog](https://www.mrcooper.com/blog/), and **Chat** can help you find quick answers.
    
- Best of all, we’re always working to create a better experience for our customers by making enhancements to our systems and processes. 
[/Indent]

###Your Transfer Details: Wells Fargo Customers###
[Indent]
- If you were signed up for **monthly** automatic payment drafts, that information will be transferred to us, but you will need to confirm that you would like them to continue.  You will receive information about how to do that in your welcome letter. 
[Note]
**_Note:_** Your first draft may be **delayed by up to 10 days** but there **won’t be any late fee or credit impact**. After that, payments will be drafted on the regular date.
[/Note]

    - Automatic payment drafts of any other frequency, like **biweekly**, will **not** continue. 
[Note]
**_Note:_** Once the transfer is complete, you can enroll in our [Biweekly AutoPay](/help-center/payments/biweekly-autopay).
[/Note]

- You will have a new loan number, which is included in your [welcome letter](/help-center/new-customer/notification-of-account-transfer). 
[Note]
**_Note:_** Lost your letter? No problem! You can use your old loan number to access your specific transfer information on our [Welcome page](/welcome).
[/Note]
[/Indent]

###General Transfer Information###
[Indent]
These are some of the most important things to know about account transfers, and they apply across the board:

**Credit**
- There are **no late fees or negative reporting** to the credit bureaus during the **first 60 days** after your transfer. (Your previous servicer is required to forward us any payments you make to them for 60 days after your transfer date.)

- This transfer has **no impact** on your credit rating.

**Escrow**
- If you had an escrow account with your previous servicer, **we’ll continue** to make your tax and insurance payments promptly.
   - [Managing your escrow](/servicing/escrow) is convenient from your online account. 

- We also provide [escrow support](/help-center/escrow) to answer any questions you may have.

**Monthly Statements**
- You’ll receive your first monthly statement **within 30 days** of your **transfer date**.
    
- Want access sooner? [Sign in](/signin) to your online account to view your statement as soon as it’s available.

**Fees**
- There could be some changes in your fees. For more details, review our complete [list of fees.](https://storage.googleapis.com/apolloimage/images/Support/MRC/cooper_fees_general.pdf)

**Loan Terms**
- The terms of your loan remain **exactly the same.**
    
- This means your interest rate, monthly principal and interest payment, and repayment timeframe are all identical to what they were with your previous servicer. 

**Other Scenarios**
- If you had a workout or **modification** plan with your previous servicer, **we’ll continue it.** Just allow us up to 30 days from your transfer date to get all of your account information.
    
- If you were in the middle of **selling or refinancing** your home when the transfer occurred, you can request a [payoff quote](/servicing/payoff_quote_requests/new) once your information is in our system.

**Payments**
- Your previous servicer is **required to forward us** any payments you make to them for 60 days after your transfer date. 
[Note]
**Note:** Once 60 days have passed from your transfer date, please be sure your payments are sent directly to us at the new address provided in your Welcome Packet.
[/Note]
[/Indent]

###Your Next Steps###
[Indent]
There are only a few steps you’ll need to take—we’ve got the rest covered:

1. [Notify your homeowners insurance company](/help-center/new-customer/homeowners-insurance-changes) that they’ll receive payments from us and have them update the mortgagee clause to the following:
[Indent]
Nationstar Mortgage LLC    
Its Successors and/or Assigns    
PO Box 7729    
Springfield, OH 45501
[/Indent]

2. If you make payments using your [bank’s “Online Bill Pay,”](/help-center/new-customer/updating-your-banks-bill-pay) update the payee information to the following:
[Indent]
Mr. Cooper    
PO Box 650783    
Dallas, TX 75265
[/Indent]

3. [Create your online account](/accounts/new) to easily manage your account at any time.
    - You can register to get access to your online account **within 7 days** of your official transfer date. 
     
    - Once you’ve created an account, you can download our [secure mobile app](/mobile_app). With our app in your pocket, stress-free homeownership is at your fingertips.
[/Indent]

###Moving Forward###
[Indent]
We’re committed to delighting our customers, so if you have any questions that our [Welcome page](/welcome) or [Help Center](/help-center) don’t fully address, you can reach us via **chat once you’re signed in**.
[/Indent]

Describes what you can expect from Mr. Cooper as your new mortgage servicer

Transferred Wells Fargo Customers: Welcome to Mr. Cooper!

To continue using your bank’s “Online Bill Pay” service, you will need to change the payee information to the following:

[Indent]
Mr. Cooper  
PO Box 650783  
Dallas, TX 75265
[/Indent]

Provides details for updating online bill pay

Updating Your Bank’s Online Bill Pay for Transferred Accounts

Your account was transferred because your previous servicer sold your loan to us, your new servicer. 
- It is very common for mortgage loans to be sold between servicers. 
- Hundreds of thousands of loans change hands in this way every year.

At Mr. Cooper, we’re determined to set a new industry standard for personal attention and customer satisfaction. We’ll do everything possible to make your transition smooth, simple, and transparent.


Setting Up Your Online Account

Related Articles

Helpful Resources