Did your loan recently move to Rushmore? Here’s what you should understand

Did your loan recently move to Rushmore? Here’s what you should understand

Rushmore Loan Management Solutions

Welcome to Rushmore.

Did your loan recently move to us? get the full story.

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What goes on now?

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Whenever can I get my information package from Rushmore?

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Do any regards to my loan modification whenever my loan transfers?

Generally speaking, the regards to your loan will likely not alter being results of a transfer of servicing. Rushmore will honor the regards to your loan that have been set up together with your previous servicer, including any current repayment plan or mortgage loan modification to that you simply consented together with your previous servicer. Contact Customer Care toll-free at 888-504-6700 Monday – Friday 8:00AM – 6:00PM CST when you have concerns.

If for example the loan is owned by Fannie Mae or Freddie Mac, you might achieve customer care for the loan by calling, toll-free, (888) 616-5400, Monday – Friday 8:00AM – 6:00PM CST.

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Will my loan again be transferred?

It will be possible that as time goes by, your loan might be used in another servicer. That choice shall be produced because of the master of the loan. In the event that servicing of the loan is transported once again, you shall get written notification.

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Just just How so when do we make my mortgage repayment to Rushmore Loan Management?

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What goes on to your automated repayment we had with my previous servicer?

To discover should your automated payment per month will move to Rushmore, please check the transfer observe that ended up being delivered by your previous servicer. The notice will suggest in case your payment that is automatic will moved.

Automated Payment Not Moving:

If for example the automated monthly obligations aren’t moving to Rushmore, once you’ve your brand-new loan quantity, you can easily setup automatic payment online as soon as you register.

Automated Payment Transferring:

In case your automated payment per month is utilized in Rushmore by the previous servicer please take note your automatic payment per month can not be modified online. If you wish to change your automated repayment, merely call us toll-free at 888-504-6700 Monday – Friday 8:00AM – 6:00PM CST and we also will make those modifications throughout the phone.

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We delivered my re re re payment to my past servicer. Will my payment be forwarded?

Yes. Your servicer that is previous will any re payment they get to Rushmore within sixty (60) times after your loan is transported, and we’ll credit it to your loan. This service may no longer be provided and any payment sent to your prior servicer may be returned to you after the sixty (60) days.

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If my loan ended up being moved from Rushmore and I also deliver my re re payment for you, will my payment be forwarded to my new servicer?

Yes. If the loan ended up being transported from Rushmore, Rushmore will ahead any payments received within sixty (60) times following the effective date for the transfer to your brand-new servicer. Following the sixty (60) times, this solution may no further be supplied and any repayment gotten by Rushmore are gone back to you.

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My home loan simply used in Rushmore; do i have to contact my insurance carrier?

While your previous servicer will alert your insurance company associated with the transfer, its strongly suggested which you confirm your provider happens to be precisely notified. In case they did not accept notification, please pose a question to your insurance company to improve the mortgagee clause to: Rushmore Loan Management Services LLC, its successors and/or assigns ATIMA PO Box 692409 San Antonio, TX 78269-2409 Note: Please make sure that your Rushmore loan quantity is roofed on any insurance coverage documents delivered to Rushmore.

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Whenever will my year-end 1098 Mortgage Interest declaration be mailed?

Rushmore is required to mail the yearly statement that is year-end you by January 31st of each and every 12 months.

Just how can a copy is obtained by me of my 1098 interest declaration?

On our web site on the “Year End Statement” tab if you lost your 1098 interest statement, or need an additional copy at a later date, you may access it. You might also phone customer service toll-free at 888-504-6700 Monday – Friday 8:00AM – 6:00PM CST.

You can find numerous property holders in the loan, you only have reported the attention under one Social Security quantity. Why didn’t you report under both Social protection figures?

Rushmore states interest underneath the primary mortgagor’s Social Security quantity. Rushmore doesn’t figure out how the attention is advertised in your taxation return. You ought to look for some help from a tax expert to ensure you will be claiming the proper quantity. Rushmore isn’t a statutory attorney or taxation consultant, and will not offer income tax advice.

The 1098 statement that is year-end received had been reported within my ex-spouse’s title and Social protection quantity. Can it is corrected by you to mirror my title and Social protection quantity?

Rushmore reports interest underneath the primary Social Security that is mortgagor’s quantity. Rushmore will not figure out how the attention is advertised on your own taxation return. Any documents that are legal have should reflect that has the proper to claim the attention compensated. You really need to look for the assistance of a tax expert to ensure you might be claiming the amount that is correct. Rushmore isn’t law practice or taxation consultant, and will not offer income tax advice.