A verification of mortgage (VOM) is an official statement that verifies your existing loan terms and provides a rating of the payment history, including if the loan was current or delinquent for each month listed. It reflects only the most recent 12 months of your loan, exc...

A verification of mortgage (VOM) is an official statement that verifies your existing loan terms and provides a rating of the payment history, including if the loan was current or delinquent for each month listed. It reflects only the most recent 12 months of your loan, exclu...

Here are the key elements included in your monthly statement, along with a visual guide to help you locate them: 1. Statement Information. This is your basic information, like the date your statement was generated, loan number, amount due, and payment due date. 2. Explanation of Amou...

Mr. Cooper's Broker & Agent Services page includes information on Payoff Quote Request, 3rd Party Authorization, Verification of Mortgage (VOM), and more!

You can plug in the numbers to find your ideal price range, get a sense of your monthly mortgage payment amount, and identify how much you can—and should—borrow. Use our mortgage calculators to find a monthly mortgage payment that makes you feel comfortable.

As of 6/30/2023, LIBOR is being replaced with a new index called Secured Overnight Financing Rate (SOFR). Additional information will be provided on the next ARM change notice you receive after June 30, 2023. No other terms of your mortgage are changing.

We have several options to submit your documentation: Online: Sign in to your online account. However you send your documents, please be sure to include a note including your name, loan number, property address, and contact information.

You’ll receive your first monthly statement within 30 days of your funding or transfer date. Want access sooner? Sign in to your online account to view your statement as soon as it’s available. Note: Our secure, automated phone system can also send you a one-time link to view your ...

Your grace period is a set number of days after your contractual due date when we’ll still accept your payment without charging a late fee. The number of days is outlined in your Note. Check your statement for the exact date when penalties and interest are added.

Recasting a mortgage happens when you put down a lump-sum payment toward the principal balance and the lender re-amortizes the loan. Since you are paying down your principal by a large amount, your monthly payment will be lowered, but your interest rate and loan terms will rema...