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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.

If the property is in an "A" or "V" zone, flood insurance is required regardless of the elevation of the property. 

If the property is not in an "A" or "V" zone, you may use elevation information 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.

You can contact FEMA at 1-800-638-6620 or visit their website at www.FEMA.gov.

When a property is damaged by a natural disaster (fire, hurricane, etc.), the insurance company will inspect the property and issue a check to cover damages. This check is made payable to both the homeowner and Onity Mortgage. You must notify us of any such property damage.

If you have filed a hazard claim and received a loss draft check, please contact our Loss Draft Department directly at 1-888-882-1815. They are available Monday through Friday from 8:00 am to 9:00 pm and Saturday from 8:00 am to 5:00 pm, ET.

Yes. You can make a payment for free 24 hours a day, 7 days a week online or using our automated phone system at 1-800-449-8767. 

All payments processed by 11:59 pm ET on a business day will reflect on the account on the date the payment was made. Payments processed on non-business days will reflect on the next business day. 

Once-a-Month or Biweekly Payments
You can cancel once-a-month or biweekly Autopay anytime through our website. Just log in to your account, head to the Payment section and click on the Autopay link to make changes.

Still need help? We're here for you - just contact us!  

Twice-a-Month Payments
You can cancel twice-a-month payments up to three business days before your draft date by giving our Customer Care Team a call at 1-800-449-8767. We'll be happy to assist you and make the process easy.