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What happens to my ongoing loss mitigation plan after the loan is service transferred?
If you’re currently on a loss mitigation plan, it will transfer along with your loan. The new servicer will continue to honor and manage your plan, so you won’t need to reapply or start over.
If you’re currently on a loss mitigation plan, it will transfer along with your loan. The new servicer will continue to honor and manage your plan, so you won’t need to reapply or start over.

/FAQ/Servicing-Transfers/Outgoing/What-happens-to-my-ongoing-loss-mitigation-plan

Why is my loan being transferred to a new servicer?
Loan servicing transfers are a normal part of the mortgage industry. This change doesn’t reflect any problem with your account and your loan terms will stay the same. You’ll receive all the details you need to make the transition smooth.
Loan servicing transfers are a normal part of the mortgage industry. This change doesn’t reflect any problem with your account and your loan terms will stay the same. You’ll receive all the details you need to make the transition smooth.

/FAQ/Servicing-Transfers/Outgoing/Why-is-my-loan-being-transferred-to-a-new-servicer

Will my escrow account be impacted by the loan transfer?
No worries – your escrow account will transfer along with your loan. The new servicer will take over managing your tax and insurance payments, so there is no action needed on your part.
No worries – your escrow account will transfer along with your loan. The new servicer will take over managing your tax and insurance payments, so there is no action needed on your part.

/FAQ/Servicing-Transfers/Outgoing/Will-my-escrow-account-be-impacted

Can I still make my payment to you after my loan is transferred?
No, once your loan transfer is complete, payments must be made to your new servicer. You’ll find their contact and payment information in the goodbye letter we sent you.
No, once your loan transfer is complete, payments must be made to your new servicer. You’ll find their contact and payment information in the goodbye letter we sent you.

/FAQ/Servicing-Transfers/Outgoing/Can-i-still-make-my-payment-to-you

I was enrolled in automatic payments – will they continue?
Great question! In some cases, automatic payments may carry over from your previous servicer, but not always. To find out for sure, check your Servicing Transfer Notice – it will let you know if your payments will continue automatically. You can...
Great question! In some cases, automatic payments may carry over from your previous servicer, but not always. To find out for sure, check your Servicing Transfer Notice – it will let you know if your payments will continue automatically. You can also confirm by registering your account online and reviewing your payment settings. If needed, you can easily set up automatic payments with us to stay on track.

/FAQ/Servicing-Transfers/Incoming/I-was-enrolled-in-automatic-payments