Will the terms of my loan or interest rate change?
No. Rest assured, a servicing transfer will not affect the terms of your loan. This includes your interest rate.
Will my loan number change?
Whether your loan is transferring to or from us, you may be assigned a new loan number. Please check the Notice of Transfer letter mailed to you for details.
I already made my next payment to my previous servicer. Do I need to resend the payment to my new servicer?
Your previous servicer will process and apply any payments received before to your transfer date. Payments received by your previous servicer on or after your transfer date will be forwarded to your new servicer and credited to your loan.
During the 60-day period following the effective date of the loan servicing transfer, a loan payment received by either your previous servicer or new servicer on or before the due date may not be treated by the new servicer as late, and a late fee may not be imposed on you.
If your payment is forwarded by your previous servicer, it may take a couple of days for your payment to appear on your bank statement—in general, it takes a few days for servicers to bring loans into their system and begin processing payments. However, as long as you sent your payment on time to either your previous servicer or new servicer, it should not be considered late.
Will my autopay drafts continue after the transfer?
Please check the notice of transfer letter sent by your previous servicer and/or the welcome letter sent by your new servicer for information about your autopay settings.
In general, if your autopay settings transfer to your new servicer, expect your first payment after the transfer to draft later than your normal scheduled date. Then, your normal draft schedule will resume.
I have a one-time payment scheduled to draft on or after my transfer date. Will it still occur?
Please check the notice of transfer letter sent by your prior servicer and/or the welcome letter sent by your new servicer for information about your one-time payment.
Where can I find past statements and other documents sent by my previous servicer?
Depending on your previous servicer and how much time has passed since your loan was transferred to us, you may still have limited access to your prior online account to view and download past documents. If you have tried logging into a previous servicer's website without success and need to access documents they sent to you, we may be able to help if we are currently servicing your mortgage. Please contact Customer Care.