Having an escrow account is all about convenience. It means that you never have to worry about when property tax and insurance bills are due because we make the payments for you. On the flip side, removing your escrow account means that we will no longer make payments for your proper...

Quick Links When can I remove PMI from my loan? Why did my payment change? Where can I find my monthly statement? How do I setup paperless statements? How do I setup AutoPay? What financial hardship options are available?

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 carry mortgage insurance. If you are required to carry...

How do I get rid of PMI? The requirements to remove MIP are complex and depend upon multiple factors and scenarios which are too numerous to list here, but please contact us to review your options for cancelling MIP.

We send monthly statements to accounts that are in active bankruptcy (subject to certain limitations under federal law). This includes accounts that have received a discharge order from a bankruptcy court. If you no longer wish to receive a monthly statement, please send a written re...

Many times, escrow accounts are a required part of a loan agreement or loan modification and stated in the loan documentation. When required, an escrow account will be set up at the loan closing, upon application of loan modification terms to the account, or shortly after.

The eligibility for removing escrow is loan - specific, and can vary by state, so the best way to determine eligibility...

Where to send your mortgage assistance documentsWe have several options to submit your documentation: Online: Sign in to your online account. Email: modification.assistance@mrcooper.com Fax: 214-488-1993 Mail:

What is mortgage insurance? Removing PMI If you’re required to carry PMI, we’ll cancel it automatically on the date your loan-to-value (LTV) ratio is scheduled to reach 78%.

How do I get rid of PMI? The requirements to remove MIP are complex and depend upon multiple factors and scenarios whic... Removing PMI. If you’re required to carry PMI, we’ll cancel it automatically on the date your loan-to-value (LTV) ratio is scheduled to reach 78%.