Servicing Mailing Schedule

Daily

Periodic Statements are generated and mailed based on loan activity on your mortgage account.  Each month you will receive an updated periodic statement if one of three scenarios occur on your account – if you make a payment on your mortgage, if a late fee is assessed and/or if a payment is returned/reversed on your account.   These statements display account activity for the prior month, including transaction activity and payment breakdowns, as well as provide various options for paying your mortgage.  Your Servicing Digital website is displayed on each periodic statement, which is the easiest and most efficient manner of making your monthly payment.

Electronic statements are available online. Log into your account and opt in to have the statement sent to you electronically.

Monthly

Escrow Account Disclosure Statements: The statements are for active escrows accounts and show activity for the year, as well as the projected account activity and the new payment amount for the coming year.  Your annual escrow analysis will generate based on the month your mortgage closed.   As an example, all borrowers who closed on their mortgages in the month of January will receive an annual escrow analysis in the month of January.

January

Mortgage Interest Statement (1098s): These statements display information needed to prepare annual IRS Tax Reporting Data. Statements are generated for accounts with an interest expense >$600.00.

Interest Income Statement (1099s): These statements display information needed to prepare annual IRS Tax Reporting Data. Statements are generated for accounts with interest income >$10.00

Accrued Fee Notices: These statements are generated for accounts with outstanding fees due.

April

Accrued Fee Notices: These statements are generated for accounts with outstanding fees due.

June

Privacy Policy and Disclosure Statements: These notices allow customers to ‘opt out’ sharing of non-public personal information with affiliated companies and non-affiliated third parties.

July

Private Mortgage Insurance (PMI) Disclosure Statements: This disclosure contains detailed information on the purpose of PMI, guidelines for Borrower requested cancellation, and Automatic Termination of the insurance.

Accrued Fee Notices: These statements are generated for accounts with outstanding fees due.

October

Accrued Fee Notices: These statements are generated for accounts with outstanding fees due.