You may receive more than one IRS tax form if any of the following occurred during the tax year:

• Loan transfer: If your loan was transferred to a new servicer, you'll receive a statement from both your previous and current servicers, each covering the period they serviced your loan. 
• Refinance: If you refinanced your loan, you'll receive separate statements for each loan number - one for the original loan and one for the new loan. 
• Assumption: If there was a change in borrowers due to a loan assumption, a separate statement may be issued. 
• Corrected form: If the CORRECTED box is checked, it means updates were made to previously reported values. Always refer to the most recent version of the form. 

Statement are mailed or posted online by January 31 or the next business day. 

The Form 1099 may be income received related to your mortgage, debt which was discharged, or another event reportable to the IRS which took place during the year. There are several different types of 1099 forms, but you will only receive a form applicable to you. 

• Form 1099-A (Acquisition or Abandonment of Secured Property): Issued when a foreclosure, or similar event occurs. The IRS requires this form if we acquired an interest in the property or has reason to believe the property was abandoned. 
• Form 1099-C (Cancellation of Debt): Provided when a debt of $600 or more is canceled, forgiven, or discharged. This includes principal forgiveness as part of a loan modification. 
• Form 1099-INT (Interest Income): Issued if your escrow account earned $10 or more in interest during the year. If you didn't receive this form, it may be because:
  • Your earned interest was less than $10, or
  • The interest was paid on or after January 1, in which case it will be reported next year. 
• Form 1099-MISC (Miscellaneous Income): Sent if you received $600 or more in cash benefits during the year. This includes:
  • Payments made to occupants of a property in foreclosure to vacate (e.g., Cash for Keys or relocation assistance), reported in Box 3. 
  • Other payments such as rent, attorney proceeds, or miscellaneous income of $600 ore more. 

You will only receive the form(s) applicable to your specific situation. 

Onity Mortgage Corporation's Taxpayer Identification Number (TIN) is 22-2195996. You may need this number for tax-related documentation or reporting purposes. 
 

An escrow analysis is typically performed annually, to ensure sufficient funds are being collected to avoid escrow shortages and overages. However, off-schedule analyses are also performed to ensure sufficient funds are available. Any increase or decrease to your annual property taxes and/or insurance premiums may cause your mortgage payment amount to change. We provide details of your analysis in the Escrow Account Statement. For more information, visit the Escrow Education Center.

Your house may be above the base flood elevation (flood level). If this is the case, you may want to file a Letter Of Map Amendment or Revision (LOMA/LOMR) with the Federal Emergency Management Agency (FEMA). While FEMA reviews the LOMA/LOMR, flood insurance is still required. If FEMA approves the LOMA/LOMR, you may not be required to maintain flood insurance or your premium may be reduced.

Please note that if the property is in an "A" or "V" zone, flood insurance is required regardless of the elevation of the property.