Mortgage Insurance (also PMI or MIP) Definition Mortgage insurance protects the investor or noteholder if the borrower defaults on the loan. It lowers the investor’s risk when funding a home loan. In most cases, if you pay at least 20% down on your home, you’re not required to ca...

Note: The following Mortgagee Clause must appear on your insurance policy. If it’s not there, contact your insurer and let them know.

Find answers to common questions about mortgagee clause, a term that refers to the lender's interest in your property. Learn how to update your mortgagee clause if your loan was transferred to Mr. Cooper and what to do with optional insurance products.

Mortgage assistance is a general term that covers a variety of programs and solutions intended to help homeowners who are experiencing financial difficulty and having trouble making their mortgage payment.

Here are common types of homeowners insurance and general guidelines about which coverage you should maintain: Remember, this is just an overview. That means you shouldn’t assume any of these do or don’t apply to you based on this list alone. A chat with your insurance carrier is the...

Find out how to update your insurance policy with the mortgagee clause address for Mr. Cooper, formerly Nationstar Mortg... The address is PO Box 7729 Springfield, OH 45501.

Payoffs Requesting a Payoff Quote Includes who can request, how to request, and possible fees Paying Off Your Mortgage with Mr. Cooper Provides instructions for payoff via wire or certified funds

Recasting a mortgage happens when you put down a lump-sum payment toward the principal balance and the lender re-amortizes the loan. Since you are paying down your principal by a large amount, your monthly payment will be lowered, but your interest rate and loan terms will remain...

If you’re having an issue with any part of your mortgage experience, we want to make it right. Please contact us and we will do our best to quickly resolve your issue. Here's how to get started: Chat with us. Call us at 855-805-6993. If you’re unable to resolve your issue by chat o...

If your loan is escrowed, a part of your mortgage payment goes into your escrow account every month. Why did my monthly payment change? An escrow analysis can raise or lower your monthly escrow payment for the upcoming year due to changes in your tax and insurance amounts. Read mor...