Request a VOM online or by email at [email protected] We will need the borrower’s authorization, if not requested from the borrower. Once we receive the request, we notify the borrower of the payment necessary to process the VOM. The fee for a VOM is $35.00.
We require a completed W-9 with your EIN or TIN on file. If this account/TD (trust deed) is held in your IRA, we do not generate a 1098. If this account/TD is an LLC (Limited Liability Company) we do not generate a 1098. If [...]
If we collect impounds/escrow, Note Servicing Center sends the payments. Always forward a copy of your tax bills or insurance statements to Note Servicing Center when received. If we do not have an impound established, the responsibility is the borrowers unless the note states [...]
The unpaid interest charge on your account could be any of the following: The monthly payment was not enough to cover the interest portion of the payment. Your prorated interest based on the closing date of your loan. Default interest
Any change to the terms of the note requires a modification. This would have to be done through your lender and signed by both the borrower(s) and the lender(s).
Payments are applied as follows: Regular Payment Amount Due – This may be Interest/Impound/Other Fees/Principal (The total amount due on your payment statement). Unpaid Interest Charges Late Fees Unpaid Charges Principal You may also designate how additional funds are to be applied.