Clark Galvan
If you're wondering who the mortgage holder is, you're not alone. Many people don't know who owns their mortgage, but it's important information to have, especially if you're looking to refinance your home, ask for a loan modification, or request forbearance. The first step in finding out who owns your mortgage is to identify your loan servicer, which you can do by checking your monthly mortgage billing statement or payment coupon book. Once you know your loan servicer, you can contact them to ask who owns your mortgage loan. You can also use online tools such as the Fannie Mae and Freddie Mac lookup tools to find out if your loan is owned by either of these entities.
| Characteristics | Values |
|---|---|
| First Step | Identify your loan servicer |
| How to identify loan servicer | Check monthly mortgage statement or coupon book |
| Call MERS at 888-679-6377 or visit the MERS website | |
| Search online tools like Fannie Mae and Freddie Mac lookup tools | |
| Check closing documents | |
| Check for FHA case number on mortgage contract | |
| Check for MIP on billing statement | |
| Check for VA-guaranteed loan language in the note and mortgage | |
| Check for fees paid to the VA in the closing documents | |
| Check for RHS-guaranteed loan | |
| Once loan servicer is identified | Ask them who the mortgage holder is |
What You'll Learn
Check your monthly mortgage statement
Checking your monthly mortgage statement is a good way to find out who your mortgage holder is. The mortgage holder is sometimes called the "note holder", "holder", or "investor". The holder is the entity that has the legal right to collect the mortgage debt and foreclose the home if the borrower doesn't make the loan payments.
The monthly mortgage statement will contain the contact information for your mortgage servicer, which is the institution that collects your monthly payments. The servicer may or may not be the owner of the loan. In many cases, a large lender may be the servicing entity for large investors or guarantors of loans, and you may believe that they own your loan, when in fact they have sold it but retained the servicing rights.
If you have a Mortgage Electronic Registration System (MERS) loan, you can find out the name of your servicer by calling MERS at 888-679-6377 or checking the MERS website. Your mortgage servicer's identity will be listed in the MERS system if you have a MERS loan. If you are unsure whether you have a MERS loan, you can also find this information on the MERS website.
If you cannot find the information you need on your monthly mortgage statement, you can contact your loan servicer directly and ask them for the details of the loan holder. You can also send a written request to your mortgage servicer. They are obligated to provide you, to the best of their knowledge, with the name, address, and telephone number of the owner of your loan.
Finding Your Mortgage History: A Step-by-Step Guide
You may want to see also
Look up your mortgage servicer
To look up your mortgage servicer, you can try the following methods:
Check your monthly mortgage billing statement
Your servicer is the company that sends you the bill for payment. You can find the number for your mortgage servicer on your monthly mortgage statement or coupon book.
Search the Mortgage Electronic Registration Systems (MERS) website
If you have a Mortgage Electronic Registration System (MERS) loan, you can call the MERS Servicer Identification System toll-free at 888-679-6377 or visit the MERS website. Your mortgage servicer's identity will be listed in the MERS system if you have a MERS loan. If you're unsure whether you have a MERS loan, you can also find out via the MERS website.
Call your mortgage servicer
You can call your mortgage servicer and ask them who holds your loan. You can find the phone number for your servicer on your monthly mortgage statements.
Send a written request
You can send a Qualified Written Request or a Request for Information to your mortgage servicer asking for information on who holds your loan. Your servicer is obligated to provide you, to the best of their knowledge, with the name, address, and telephone number of the owner of your loan.
It's important to understand the difference between a servicer and a loan owner. The servicer might be the loan owner, but it's more likely that a separate company receives a fee to manage the loan. The loan owner is also called the "holder" or "investor". The servicer handles the day-to-day management of the loan, including collecting payments, sending billing statements, and managing escrow accounts.
Finding Your Wells Fargo Mortgage Account Number: A Guide
You may want to see also
Use online tools
There are several online tools that can help you find out who your mortgage holder is. Firstly, you need to identify your loan servicer. The servicer is the company that handles the day-to-day management of the loan, such as collecting payments and managing the loss mitigation process. Your servicer may or may not be the same company as your loan holder. You can find out who your servicer is by checking your monthly mortgage billing statement or coupon book.
Once you have identified your loan servicer, you can use online tools such as the Fannie Mae and Freddie Mac lookup tools to find out if your loan is owned by either of these entities. Many loans are owned by Freddie Mac or Fannie Mae, so this is a good place to start. You can also check the Mortgage Electronic Registration Systems (MERS) website. If you have a MERS loan, you can call MERS or visit their website to determine who owns or backs your loan.
If you have a USDA loan, you can check the USDA Rural Development website for more information. If you think the home is foreclosed, you can browse RealtyTrac, which has data on over 120 million foreclosed homes, homes for sale, and off-market properties. Property Shark is another online service that allows you to access home ownership information, tax records, liens, and mortgage information. However, full access to property records requires a paid subscription.
Additionally, many counties and cities maintain searchable online databases of public home ownership information. For example, San Francisco allows the public to search property information by address or by highlighting the property on a city map. If the county or city you are searching in does not publish property records online, you may need to go to the county records office in person to look up the land records.
Understanding Your Mortgage Grace Period: What You Need to Know
You may want to see also
Contact your mortgage servicer
If you are having trouble making monthly mortgage payments and want to take advantage of mortgage relief programs, or you want to learn more about other loss mitigation options available to you, you should contact the owner of your mortgage. The mortgage owner, also referred to as the mortgage holder or note holder, is the entity that owns your loan and has the legal right to enforce the loan agreement.
The first step in determining who owns or backs your mortgage is to identify your loan servicer. The loan servicer is the company that handles the day-to-day management of the loan, such as collecting payments, sending notifications, issuing late fees, and dealing with the foreclosure process if you default on your mortgage loan. In some cases, the loan owner is also the servicer, but sometimes another company services the loan.
You can find the number for your mortgage servicer on your monthly mortgage statement or coupon book. If you have a Mortgage Electronic Registration System (MERS) loan, you can find out the name of your servicer by calling MERS at 888-679-6377 or checking the MERS website. Once you have found out who your mortgage servicer is, you can call them to ask who holds your loan.
Your mortgage servicer is required by law to provide you with the name, address, and telephone number of the owner of your loan. You can also submit a Qualified Written Request (QWR) or a Request for Information to your mortgage servicer asking for information on the owner of your mortgage loan.
Locating Original Mortgage Papers from Two Decades Ago
You may want to see also
Send a written request
If you are having trouble finding out who the mortgage holder is, you can send a written request to your mortgage servicer. The mortgage servicer is the company that handles the day-to-day management of the loan. They collect monthly payments, send notifications, issue late fees, deal with your escrow account, and manage the foreclosure process if you default on your mortgage loan.
Your mortgage servicer is required by law to provide you with the name, address, and telephone number of the owner of your loan. You can submit a Qualified Written Request (QWR) or a Request for Information to your mortgage servicer, asking for information on the owner of your mortgage loan.
It is important to understand the difference between a mortgage servicer, owner, and guarantor. While your mortgage servicer may be the same company that owns your mortgage, this is not always the case. The mortgage owner, also referred to as the mortgage holder or note holder, is the entity that owns your loan and has the legal right to enforce the loan agreement. They are the only party that has the right to collect the debt or foreclose on the property if the borrower does not make their mortgage payments.
There are several reasons why you might need to know who the mortgage holder is. For example, if you are seeking basic information about your loan, such as how much you need to pay each month or when your next payment is due, you would contact the servicer. However, if you are struggling to make your mortgage payments and want a mortgage modification or other alternative to foreclosure, you will need to deal with the mortgage holder. Additionally, if you are looking to refinance your home or request a forbearance, you will need to know who the mortgage holder is.
Finding Assumable Mortgages: Strategies for Success
You may want to see also
Frequently asked questions
Finding out who your mortgage holder is can be a difficult process. The first step is to identify your loan servicer, which can be done by checking your monthly mortgage billing statement or payment coupon book. Once you have this information, you can contact them to ask who the mortgage holder is. You can also use online tools to look up who owns your mortgage, such as the Fannie Mae and Freddie Mac lookup tools.
A mortgage servicer is an entity that handles day-to-day loan-processing activities such as collecting payments, sending notifications, issuing late fees, and managing the loss mitigation process if you fall behind in payments.
The mortgage holder, also known as the note holder, is the entity that owns your loan. They have the legal right to enforce the loan agreement and are the only party that can collect the debt or foreclose on the property if the borrower does not make their mortgage payments.
Although they both play important roles in the mortgage process, they have distinct functions. The mortgage servicer handles the day-to-day management of the loan, while the mortgage holder owns the loan and has the right to enforce the loan agreement.
Knowing who your mortgage holder is can be important for several reasons. For example, if you are seeking basic information about your loan, such as monthly payment amounts or due dates, you would contact the mortgage servicer. However, if you are struggling to make your mortgage payments and want to request a loan modification or apply for assistance, you will need to deal directly with the mortgage holder.
