You can review your current insurance coverage information at the site we just mentioned: www.mycoverageinfo.com/mrcooper. Note: The following Mortgagee Clause must appear on your insurance policy. If it’s not there, contact your insurer and let them know.

While there are a lot on the market, insurance companies must carry at least a B+ rating from A.M. Best to provide coverage on Mr. Cooper accounts. Please contact us if you have questions about whether your preferred insurance providers qualify.

Learn how to file an insurance claim, apply for mortgage assistance, and register for disaster assistance after a disas... For insurance questions, you can reach our Insurance department at 866⁠-825⁠-9267 or our Loss Draft department at 866⁠-825⁠-9302.

An escrow analysis can raise or lower your monthly escrow payment for the upcoming year due to changes in your tax and insurance amounts. Read more. Escrow Basics, Escrow Analysis, Escrow Shortage, Escrow Surplus, Property Taxes, Insurance.

Learn how much insurance you need to cover your home and loan, and which types of insurance are required or optional for your property. Find out how to pay for insurance through your escrow account and what to do if you live in a high-risk area.

Lenders usually require proof of income and a work history of 2 years that demonstrates a consistent income. If you suffered a job loss due to the pandemic, lenders may factor that in. Proof of income can come from: recent pay stubs; W-2s; income tax returns; proof of alimony...

Homeowners Insurance Changes for Transferred Accounts. You’ll need to notify your insurance company that your loan was transferred to us and that they’ll receive payments from us now. Give them your new loan number and have them update the mortgagee clause on your account to:

Find out how to endorse and send your insurance claim check to Mr. Cooper, and visit www.insuranceclaimcheck.com for more information. You can also call the Loss Draft Department at 866-825-9302 or review your insurance coverage at www.mycoverageinfo.com/mrcooper.

Learn how much insurance you need to cover your home and loan, and which types of insurance are required or optional for your property. Find out how to pay for insurance through your escrow account and what to do if you live in a high-risk area.

Insurance Requirements - Mr. Cooper. https://www.mrcooper.com/help-center/escrow/insurance-requirements. You are required to have enough insurance to cover the lower of either the replacement cost of the home or the remaining principal balance on your loan.