House Buying Thread
Posted: Sat Oct 17, 2020 1:15 pm
Our friends bought 44 acres near bushy run. Super fun but a ton of work
A Pittsburgh Penguins Hockey Message Board
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I just confirmed with The Money Source (the temporary lender) that my mortgage was sold back to Mr. Cooper (who I was with before the refinance). That was my best case scenario, so I'm extremely happy. If you're curious who yours was sold to, you should be able to find out if you give them a call.Yep. Sucks I had to be so adamant about making it right but in the end I’ll save a butt load. Thanks again for the req. If I’m ever in philly I’ll buy you a drink or twelve
Is The Money Source a subsidiary of Better? I see that they will be managing my mortgage, but had never heard of them. I figured this was the case and I'd have another bank handling the loan soon enough. I just hope I don't get Northwest Savings again. Totally out of touch with current technology.I just confirmed with The Money Source (the temporary lender) that my mortgage was sold back to Mr. Cooper (who I was with before the refinance). That was my best case scenario, so I'm extremely happy. If you're curious who yours was sold to, you should be able to find out if you give them a call.Yep. Sucks I had to be so adamant about making it right but in the end I’ll save a butt load. Thanks again for the req. If I’m ever in philly I’ll buy you a drink or twelve
Better told me that The Money Source is who they use to handle the mortgage in between refinancing and the selling of your mortgage to your permanent lender. They then told me that they've been keeping up to 25% of the mortgages to service themselves, though they do not use TMS for that. I figured that if they're servicing some loans permanently, it made sense to also handle the temporary ones, but I guess not.Is The Money Source a subsidiary of Better? I see that they will be managing my mortgage, but had never heard of them. I figured this was the case and I'd have another bank handling the loan soon enough. I just hope I don't get Northwest Savings again. Totally out of touch with current technology.I just confirmed with The Money Source (the temporary lender) that my mortgage was sold back to Mr. Cooper (who I was with before the refinance). That was my best case scenario, so I'm extremely happy. If you're curious who yours was sold to, you should be able to find out if you give them a call.Yep. Sucks I had to be so adamant about making it right but in the end I’ll save a butt load. Thanks again for the req. If I’m ever in philly I’ll buy you a drink or twelve
BTW, I got two emails for $500 off a refinance AFTER I refinanced.
As for those emails...ACH Trust• Ally• AmeriHome Mortgage• ArcHome• Associated Bank• Bayview• Better Mandatory• Better Refi• BetterSolar• Better Held For Sale• BetterHFI• BofI Federal Bank• BBT• Brokered• Caliber Home Loans• Chase Correspondent• Citi• Deephaven• Ditech• Fannie• Fifth Third Mortgage• Flagstar Bank• Galton Funding• Better-Second Liens• Home Point Financial• Impac• Lakeview• LenderLive• Merchants Mortgage• Mid America Mortgage• MLD Mortgage• Mr Cooper• NewRez• Northpointe Bank• NYCB Mortgage Bank• Onslow Bay• PennyMac• Provident Funding• SG Capital Partners• SunTrust• Texas Capital Bank• TIAA Bank• US Bank Correspondent• United Bank• Wells Fargo• WinTrust Mortgage• The Money Source (TMS) is our interim sub-servicer. Clients may end up submitting their first payment(s) to TMS until their loan is sold to another investor if it is not serviced by Better.
Just got a letter that I’ll be lining the pockets of a certain Mr. Cooper as well. Good to see from you that they are a reliable lender.I just confirmed with The Money Source (the temporary lender) that my mortgage was sold back to Mr. Cooper (who I was with before the refinance). That was my best case scenario, so I'm extremely happy. If you're curious who yours was sold to, you should be able to find out if you give them a call.Yep. Sucks I had to be so adamant about making it right but in the end I’ll save a butt load. Thanks again for the req. If I’m ever in philly I’ll buy you a drink or twelve
Nice! I have nothing but great things to say about them. When I wanted to drop PMI early and also my escrow account, it was a piece of cake. They are inn Quicken, too, if you use it to sync your money data. They have a real good website, with nice, detailed statements.Just got a letter that I’ll be lining the pockets of a certain Mr. Cooper as well. Good to see from you that they are a reliable lender.I just confirmed with The Money Source (the temporary lender) that my mortgage was sold back to Mr. Cooper (who I was with before the refinance). That was my best case scenario, so I'm extremely happy. If you're curious who yours was sold to, you should be able to find out if you give them a call.Yep. Sucks I had to be so adamant about making it right but in the end I’ll save a butt load. Thanks again for the req. If I’m ever in philly I’ll buy you a drink or twelve
Only if you do not have PMI. At least that was the case for my previousI thought you could opt out of escrow of taxes and insurance anywhere.
There are other situations where escrow could be required. it also depends on the size of the lender, some small lenders don't have escrow capability.Only if you do not have PMI. At least that was the case for my previousI thought you could opt out of escrow of taxes and insurance anywhere.
This, though those cases are rare. In Pa, if you don’t have PMI, you should be able to drop your escrow account without issue.There are other situations where escrow could be required. it also depends on the size of the lender, some small lenders don't have escrow capability.Only if you do not have PMI. At least that was the case for my previousI thought you could opt out of escrow of taxes and insurance anywhere.
Congrats, WK. Not having to send money to those corrupt **** is always a positive.Just paid off our mortgage this month. Gonna be kinda weird paying taxes and insurance after having it all handled by Wells Fargo for the last 20 years.
When is Mr. Cooper officially taking over the servicing of the loan? They took over as of 12/1 for me, but TMS has been slow to actually get the paperwork and my first payment transferred over to them. I've already made my December payment with MrC, but can't make any additional principal payments until my account is up to date. Kinda annoyed with TMS over it, though I'm completely protected from any late fees or dings for a full 60 days.Just got a letter that I’ll be lining the pockets of a certain Mr. Cooper as well. Good to see from you that they are a reliable lender.I just confirmed with The Money Source (the temporary lender) that my mortgage was sold back to Mr. Cooper (who I was with before the refinance). That was my best case scenario, so I'm extremely happy. If you're curious who yours was sold to, you should be able to find out if you give them a call.Yep. Sucks I had to be so adamant about making it right but in the end I’ll save a butt load. Thanks again for the req. If I’m ever in philly I’ll buy you a drink or twelve
Yeah, running into a similar issue. I only made one payment with TMS for 12/1. I got a letter around Thanksgiving telling me to hurry up and pay it, because they sold the loan and couldn't transfer it until I made the payment. Well, I set up an autopay for 11/30 on your website, doofuses. Next payment to Cooper is due 1/1, but I've heard nothing about the loan being transferred. Don't even have an account with them yet as far as I know.When is Mr. Cooper officially taking over the servicing of the loan? They took over as of 12/1 for me, but TMS has been slow to actually get the paperwork and my first payment transferred over to them. I've already made my December payment with MrC, but can't make any additional principal payments until my account is up to date. Kinda annoyed with TMS over it, though I'm completely protected from any late fees or dings for a full 60 days.Just got a letter that I’ll be lining the pockets of a certain Mr. Cooper as well. Good to see from you that they are a reliable lender.I just confirmed with The Money Source (the temporary lender) that my mortgage was sold back to Mr. Cooper (who I was with before the refinance). That was my best case scenario, so I'm extremely happy. If you're curious who yours was sold to, you should be able to find out if you give them a call.Yep. Sucks I had to be so adamant about making it right but in the end I’ll save a butt load. Thanks again for the req. If I’m ever in philly I’ll buy you a drink or twelve
I spoke with TMS about this, and they said that the automailer sends out that payment notice, even though we're supposed to ignore it; we basically have to pay the new provider. However, if you accidentally pay them, they will forward it along. Kinda sloppy, but whatever. MrC did tell me that they started getting paperwork in this week, and that they expect the payment to be transferred, too, so I should hopefully be up to date by next week.Yeah, running into a similar issue. I only made one payment with TMS for 12/1. I got a letter around Thanksgiving telling me to hurry up and pay it, because they sold the loan and couldn't transfer it until I made the payment. Well, I set up an autopay for 11/30 on your website, doofuses. Next payment to Cooper is due 1/1, but I've heard nothing about the loan being transferred. Don't even have an account with them yet as far as I know.When is Mr. Cooper officially taking over the servicing of the loan? They took over as of 12/1 for me, but TMS has been slow to actually get the paperwork and my first payment transferred over to them. I've already made my December payment with MrC, but can't make any additional principal payments until my account is up to date. Kinda annoyed with TMS over it, though I'm completely protected from any late fees or dings for a full 60 days.Just got a letter that I’ll be lining the pockets of a certain Mr. Cooper as well. Good to see from you that they are a reliable lender.I just confirmed with The Money Source (the temporary lender) that my mortgage was sold back to Mr. Cooper (who I was with before the refinance). That was my best case scenario, so I'm extremely happy. If you're curious who yours was sold to, you should be able to find out if you give them a call.Yep. Sucks I had to be so adamant about making it right but in the end I’ll save a butt load. Thanks again for the req. If I’m ever in philly I’ll buy you a drink or twelve