A loan transfer typically won’t hurt your credit score – as long as you continue to make payments on time. Your loan terms and payment history stay the same.You might notice a small temporary dip in your score due to how credit reporting systems handle the transition (closing the old account and opening a new one). This is normal and your score should bounce back once the new loan is reported consistently.
READ MOREIf you’re currently on a loss mitigation plan, it will transfer along with your loan. The new servicer will continue to honor and manage your plan, so you won’t need to reapply or start over.
READ MORENo, there are no fees associated with the transfer of your loan servicing. This process is completely free for you.
READ MOREYou’ll receive a welcome letter from your new servicer that includes the official transfer date and all the important contact details. This letter confirms that your loan has been successfully transferred and provides everything you need to get started.
READ MORENo need to worry – we’ll take care of that for you. Your insurance carrier will be notified of the change automatically.
READ MOREFirst Protector Insurance Help alleviate financial hardship. Protection for what matters most! At PHH Mortgage, we understand how important it is for homeowners to prepare for the unexpected. That’s why we have partnered with Assurant® to make available to you a disaster mortgage insurance product called First Protector®. First Protector helps alleviate financial hardship if you are displaced from your home due to damage from a covered disaster such as flood, fire, tornado,...
READ MOREFlood InsuranceFlood experts. Affordable policies. Did you know that every home is at risk for a flood? That’s why we partnered with Wright National Flood Insurance Company, the nation’s leading flood provider, to bring valued PHH Mortgage customers affordable flood insurance options that meet government and lenders’ requirements.Benefits include:Coverage and exclusions similar to a National Flood Insurance Program (NFIP) policy, but with the ability to cover higher property...
READ MOREHome and AutoReal Benefits for Real LifeTM Work and family make for a busy schedule—and you can’t slow down when problems happen. FIMC’s Home & Auto plan can save PHH Mortgage customers time and money when life’s little hiccups happen.1Why Home & Auto?From big things like emergency medical bills and unexpected auto repairs to not-so-big things like lost car keys, our plan fills the gaps left by traditional auto & homeowner's insurance plans with benefits...
READ MOREHome HeroHome sweet home, only sweeter. Home Hero offers practical benefits that fill the gaps in your insurance policy and help protect you from the burden of unexpected expenses.Get StartedAs a member you get:Up to $200 per occurrence to offset the cost of a locksmith with your membership†30% off do-it-yourself home security when purchasing a system with professional monitoring from New Blue by ADT50% of your eligible repair bill back, up to $500, so you can fix broken...
READ MOREHome SecurityPHH Mortgage has partnered with Safe Haven Security to offer a home security system monitored by ADT. When you work with Safe Haven, you can depend on a high-level, forward-thinking team committed to creating a home security system tailored to your needs. Every person who comes to your home meets all ADT standards as well as local and state-level licensing and has passed a federal background check. Safe Haven only uses their employees and will never send a...
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