If you want to transfer ownership of your property into a Trust or to your spouse/children, you’ll need to notify Mr. Cooper and provide one or more of the following documents: Deed – This document is used to validate that you are an owner of the property.

Major financial accounts — like IRAs, 401 (k)s and stockholder accounts — typically have online account settings where you can designate a beneficiary (or beneficiaries). Consider setting this up, and also include the designations with the information in your will.

Notification of Deceased Borrower. After a borrower on the loan has passed away, you’ll need to notify Mr. Cooper and provide one or more of the following documents: Death Certificate – This document is used to validate the death of the borrower and make the necessary updates to the ...

https://www.mrcooper.com/help-center/search?q=beneficiary&source=support. Beneficiary Designations. Major financial accounts — like IRAs, 401 (k)s and stockholder accounts — typically have online account settings where you can designate a beneficiary (or benefic...

Beneficiary Designations. Major financial accounts — like IRAs, 401 (k)s and stockholder accounts — typically have online account settings where you can designate a beneficiary (or beneficiaries). Consider setting this up, and also include the designations with the information in...

https://www.mrcooper.com/help-center/search?q=beneficiary&source=support If you want to transfer ownership of your property into a Trust or to your spouse/children, you’ll need to notify Mr. Cooper and provide one or more of the following documents: Deed – Thi...

DIL means that you voluntarily transfer ownership of your home to your lender, the lender terminates the loan, and the remaining balance due is forgiven. Note: A DIL may have tax consequences and/or impact your credit, so you’ll want to contact your tax advisor to discuss these poten...

Will or Trust. In your will, name an executor who can carry out your wishes after you pass away and provide specific notes for them to follow. 2. Durable Power of Attorney. Designate a trusted loved one to handle your affairs if something happens to you and you are unable to ma...

DIL means that you voluntarily transfer ownership of your home to your lender, the lender terminates the loan, and the remaining balance due is forgiven. Another alternative to foreclosure is called Deed in Lieu of Foreclosure (DIL). DIL means that you voluntarily tr... page. What Is...

Paying Off Your Mortgage with Mr. Cooper. Payoffs must be made via certified funds—wire transfer, money order, or cashier’s check. Please do not send personal checks, certified personal checks, or cash.