If there are any changes to your insurance policy or carrier, please let us know as soon as possible by sending us the Declarations Page. Visit www.mycoverageinfo.com/mrcooper and follow the simple instructions to upload your Declarations Page.

There are 2 ways to remove a spouse’s name from the mortgage: Release of liability – You can ask your lender for a release of liability. This is a document that releases a borrower from their obligation to pay back the loan.

When a disaster strikes your home, your insurance company may issue an insurance claim check, which can also be called loss draft funds. A claim check is meant to cover various costs, including repairs.

What is an escrow account? An escrow account is where funds are held to pay property tax and insurance bills on your behalf. If your loan is escrowed, a part of your mortgage payment goes into your escrow account every month. When will you analyze my escrow account?

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.

General account help, transfer of ownership, deceased borrower, credit corrections, divorce.

Online Payments. You can also make a one-time payment through your online account. Check out our Smart Calendar for important information about your due date, grace period, and more. Here’s a video on how it works and where to find it:

page. Help Center - Mr. Cooper. https://www.mrcooper.com/help-center/search?q=name+change&source=support. When you do this, the spouse remaining on the mortgage needs to qualify for the new loan using only their income and assets. Explains how to request remov...

Explains how to notify Mr. Cooper of a divorce or legal separation where property is awarded. Removing a Spouse’s Name from the Mortgage. There are 2 ways to remove a spouse’s name from the mortgage: Release of liability – You can ask your lender for a release of liability.

Know Your Mortgage Loan Options. Each loan option is made up of 3 elements: Loan Term. Interest Rate Type. Loan Type. 1. Loan Term. This represents how long you have to repay your loan. The most common loan terms are 30 years and 15 years, but there may be other durations depending o...