FAQs

Get answers to your most frequently asked questions here

Frequently Asked Questions

RoundPoint Mortgage Servicing Corporation is here to help. Get the answers you need below:

Please consult with your bankruptcy attorney or trustee immediately to discuss your options. In order for us to work with you during an active bankruptcy, we will need written permission from your trustee to proceed. Otherwise, we will have to wait until your bankruptcy is dismissed or discharged.
You can contact our Customer Service team at 877-426-8805. Our offices are open Monday through Friday from 8:00 AM until 9:00 PM and Saturday from 10:00 AM until 3:00 PM EST.

To provide us with a Notice of Error about the servicing of your loan, or make a Request for Information about the servicing of your loan, please write to us at

Mailing Address:
RoundPoint Mortgage Servicing Corporation
Attn: Correspondence
PO Box 19789
Charlotte, NC 28219-9409 

For all other written correspondence, please write to us at: 

Email Address: 
ServicingHelp@RoundPointMortgage.com
Foreclosure is the process by which a borrower in default under a mortgage is deprived of his or her interest in the property. In most cases in the contract you signed when you were loaned money to buy your house, you probably agreed that if you can’t repay the loan, the lender can foreclose to take ownership of the house. If you don’t pay your monthly mortgage payments, you are technically in default on your mortgage. State laws vary, but generally a loan that is as little as 90 days delinquent can be considered in foreclosure. Your lender may send you a notice indicating that they are starting foreclosure proceedings, but don’t wait; take steps to prevent a foreclosure as soon as you realize you are having trouble with payments.
This is not recommended. We would prefer that you remain in the property for as long as possible until the transaction can be completed to avoid any unnecessary damages to the property. You may qualify for a Deed-in-Lieu of Foreclosure. In order to make that determination, we will need you to submit a financial package to us for review.
The ultimate goal of the loss mitigation department is to avoid foreclosure. However, foreclosure action will continue until a final resolution has been determined and the resulting transaction has been completed. A foreclosure sale can be postponed if necessary to allow enough time to complete the transaction.
Yes, we will work with you all the way up to the foreclosure sale date, if necessary.
FOR NEW YORK RESIDENTS: Please be advised that RoundPoint Mortgage Servicing Corporation is registered with the Superintendent of Financial Services for the State of New York. Borrowers may file complaints about RoundPoint Mortgage Servicing Corporation with the New York State Department of Financial Services. Borrowers may also obtain further information from the New York State Department by calling the Department’s Consumer Assistance Unit at 1-800-342-3736 or by visiting the Department’s website at www.dfs.ny.gov. A list of non-profit housing counselors can be found at https://www.dfs.ny.gov/consumers/help_for_homeowners/new_york_state_non-profit_housing_counseling_agencies.

To start the payoff process, click here

RoundPoint Mortgage Servicing Corporation
Its Successors and/or Assign (ISAOA)
As their Interest May Appear (ATIMA)
P.O. Box 2927
Phoenix, AZ 85062-2927

Please complete and submit the applicable Loss Draft Package.

Every situation is different and could contain factors that vary the disbursal timeframes. Typically, if the insurance claim check is less than $40,000, then the entire disbursement process take 5-7 business days. And, typically, if the insurance claim check is greater than $40,000, then the initial installment is disbursed within 7-14 business days and the subsequent installments are released 5-7 business days after the inspection results are received.
All checks need to be endorsed by the homeowner prior to sending to a lien holder.

If RoundPoint is in the first lien position on the property (i.e., holds the first mortgage), then signatures should first be obtained from all subordinate lien holders (e.g., second mortgage, third mortgage, etc.) prior to sending the insurance claim check to RoundPoint for endorsement.

If RoundPoint is in the second lien position on the property (i.e., holds the second mortgage), then RoundPoint must endorse the insurance claim check prior to it being sent to the first lien holder (i.e., the servicer holding the first mortgage).

If RoundPoint holds the only two liens on the property (i.e., holds the first and second mortgage), then the insurance claim check can be sent in with only the homeowner(s)’ endorsement.

If you are affected by a natural disaster, call us immediately. There may be special disaster relief options available to help you. In the meantime, you may want to contact your insurance company and file a claim.

RoundPoint Mortgage Servicing Corporation offers five convenient  methods of payment to accommodate all our customers.

RECURRING MONTHLY PAYMENT (ACH):
ACH is a cost-free, easy, and efficient way for you to make your monthly mortgage payment. With this payment method, your mortgage payment will automatically deduct from your designated checking or savings account each month on the date you choose.

To set up and manage your recurring monthly payment, log into your Servicing Digital online account. Enroll, edit, or cancel your recurring ACH at any time through this safe and secure customer-friendly platform. 
Please have your bank account information available for reference.

PAY ONLINE:
Make Payment Online

RoundPoint Mortgage Servicing Corporation offers same-business-day posting for funds transferred from any bank account.

- This payment option is completely FREE-of-charge for customers.

- Payments scheduled prior to 6:00 PM EST will be applied to the account the same business day.

- Payments scheduled after 6:00 PM EST will be applied the following business day. Payments scheduled on weekends and holidays will be processed the next business day.

PAY BY PHONE:
Call Customer Service at 877-426-8805

Please have your bank account information available for reference.

PAY BY MONEYGRAM:
Make cash payments at any MoneyGram location.

Please have the loan number and the receiver code available when completing the transaction. The receiver code is 7302.

PAY BY MAIL:
Detach the payment coupon and mail it along with a check or money order. Please write the loan number on the check or money order and mail it to the Payment Processing Center listed below.

Mailing Address:
RoundPoint Mortgage Servicing Corporation
PO Box 674150
Dallas, TX 75267-4150

Overnight Payments:
RoundPoint Mortgage Servicing Corporation
ATTN: Lockbox 674150
1200 East Campbell Rd, Suite 108
Richardson, TX 75081

 
RoundPoint accepts payments without a payment coupon. Please write the loan number on the check or money order and mail it to the Payment Processing Center listed below. We encourage you to not delay sending in your payment by waiting for an additional or corrected billing statement.

Mailing Address:
RoundPoint Mortgage Servicing Corporation
PO Box 674150
Dallas, TX 75267-4150

Overnight Payments:
RoundPoint Mortgage Servicing Corporation
ATTN: Lockbox 674150
1200 East Campbell Rd, Suite 108
Richardson, TX 75081
At this time, RoundPoint is able to process payments using either a checking or savings account. Please have your bank account information available for reference. RoundPoint does not process payments with a credit/debit card.
RoundPoint does not normally accept payments that are less than the total amount due. Please contact our Customer Service team at 877-426-8805 to discuss your options.
Although payments are considered late if not received by the due date, most mortgage notes allow time after the due date for the monthly payment to be received before late charges are assessed. Every mortgage note is different; therefore, the “grace period” may vary from one loan to another. Please contact our Customer Service team at 877-426-8805 to discuss the specific terms of your account.
E-mail:
Taxes@RoundPointMortgage.com

Fax Number:
866-930-1019

Mailing Address:
RoundPoint Mortgage Servicing Corporation
Attn: Escrow Department
PO Box 19409
Charlotte, NC 28219-9409
No, you do not need to send in your property tax bill. If your mortgage loan has an escrow account, then RoundPoint will obtain your property tax information directly from your taxing authority and ensure all property tax bills are paid by the due date. If your mortgage loan does not have an escrow account, then you are responsible for paying these bills by the due date directly to your taxing authority.
If you receive a delinquent property tax bill, please immediately call the RoundPoint Customer Service Department at 877-426-8805. If your mortgage loan has an escrow account, then RoundPoint will ensure the delinquent tax bill is paid timely. If your mortgage loan does not have an escrow account, then RoundPoint will discuss your available options.
A supplemental tax bill is a one-time bill generated by the taxing authority and sent directly to the homeowner. The bill is generated as a result of a mid-year assessment change by the County. Supplemental tax bills may also be referred to as an Added Assessment, Interim, or corrected bill.

No, RoundPoint does not pay supplemental tax bills. The homeowner is responsible paying these bills by the due date directly to the taxing authority. Because supplemental tax bills are a one-time bill, they are not collected in the monthly escrow payment, included in the escrow account balance, or paid from the escrow account.

Any nonstandard or one-time bills are generally only sent to the homeowner and not the mortgage company. These bills include: Half-year bills, water and sewer liens, utility bills, parcel splits, corrected bills, reassessments, chargebacks, PILOTs and front-foot bills. 

Are there any other kinds of tax bills RoundPoint does not automatically pay?
Any nonstandard or one-time bills are generally only sent to the homeowner and not the mortgage company. These bills include: Half-year bills, water and sewer liens, utility bills, parcel splits, corrected bills, reassessments, chargebacks, PILOTs and front-foot bills.

Please send proof of insurance to one of the following:

Website:
https://ihaveinsurance.com/roundpoint

E-mail:
Insurance@RoundPointMortgage.com

Phone Number:
866-881-2568

Fax Number:
833-837-8802

Mailing Address:
RoundPoint Mortgage Servicing Corporation
Attention Insurance Department
P.O. Box 2927
Phoenix, AZ 85062-2927
The worst thing to do when you are behind in your payments is to avoid contact with us. We cannot help you if we do not have contact with you.

Call us at 877-426-8805 or e-mail us at: Loss.Mitigation@RoundPointMortgage.com
The cornerstone of RoundPoint is the partnerships we create with our customers. We are committed to helping you explore all available payment options as alternatives to foreclosure. We need to work together to resolve your financial problems.

Call us at 877-426-8805 or e-mail us at: Loss.Mitigation@RoundPointMortgage.com
To be considered for workout options, please submit the following:

• A hardship letter explaining the situation that resulted in late or failed payments and any supporting documentation
• A completed Borrower’s Financial Information Form
• Copies of payroll statements for the last 30 days
• Proof of payment of most recent tax bill or current tax bill
• Copy of Homeowners Insurance Declaration page and proof of premium payment
• If self-employed, last two tax returns, and profit and loss statements

A personal representative will be assigned to review your request. After the initial review, we will contact you if we need any additional information.

Please submit the above information to this address:

Mailing Address:
RoundPoint Mortgage Servicing Corporation
Attn: Loss Mitigation Department
PO Box 19409
Charlotte, NC 28219-9409
There is no cost to you on most of our workout options; however, a portion of your delinquency may be requested as a good faith effort or to lower the total amount of the delinquency, making payments more affordable to you.
Special Forbearance
Upon qualification, we will work with you to temporarily suspend or reduce your mortgage payment for a specified period of time. This option will not bring your account current and other arrangements must be made at the end of the forbearance period.

Mortgage Modification
A mortgage modification is a permanent written agreement between you and RoundPoint that changes one or more of the original terms of the loan such as the interest rate, monthly payment, maturity date, or principal balance. This is determined after thoroughly reviewing your financial information. This option allows you to bring your account current and prevent your home from going to foreclosure sale.

Repayment Plan
A repayment plan is an arrangement that gives you a fixed amount of time to bring the delinquent mortgage payments current by paying the normal monthly payment plus an additional amount. If all scheduled repayment payments are made as agreed, this will prevent your loan from going to foreclosure sale.

Refinance
We may be able to assist you with refinancing your loan. Many times refinancing can make your debt more manageable. Depending on your credit score, RoundPoint can assist in improving that score by establishing a strong pay pattern as you continually work to reduce other debt.

Collateral Based Resolutions
A collateral-based resolution is a workout option by which you work with your mortgage lender to relinquish ownership of the property without going through the foreclosure process. This is the option you can consider if you do not plan to stay in the property. Collateral-based resolutions are beneficial to you because: they reflect more positively on a credit report, help avoid any subsequent deficiency balances that you might otherwise owe on the debt, and eliminate additional financial commitments such as trustee interest (often owed when bankruptcy is filed).

Pre-foreclosure Sale
The pre-foreclosure sale option allows a borrower in default to sell the property and use the sale proceeds to satisfy the mortgage debt, even if the proceeds are less than the amount needed to pay the loan in full. This option is subject to approval by your lender, investor, and mortgage insurance company, if applicable.

Deed-In-Lieu of Foreclosure
Should all other workout options prove to be unsuccessful, we can consider deed-in-lieu. The Investor/Insurer may agree to accept the deed of the property in lieu of foreclosure, which may release you from all obligations under the mortgage.

For a list of HUD-approved housing counseling agencies that can provide free foreclosure prevention, debt management information, and may be able to provide translation or other language assistance, contact one of the following federal government agencies:

  • The US Department of Housing and Urban Development at (800) 569-4287 or www.hud.gov/counseling
  • If you have a hearing or speech impairment, you can call HUD's toll-free number via TTY by calling the Federal Information Relay Service at (800) 877-8339

Use the CFPB's "Find a Counselor" tool to get a list of counseling agencies approved by the Department of Housing and Urban Development (HUD). You can also call the HOPE™ Hotline, open 24 hours a day, seven days a week, at (888) 995-HOPE (4673).

If the mortgage is owned by Fannie Mae or Freddie Mac, additional information on how to avoid foreclosure, including help for military servicemembers, can be found at these websites:

To see if Fannie Mae or Freddie Mac owns the mortgage, please visit:

The Homeowner Assistance Fund "HAF" program was established by the United States Department of Treasury to provide aid to families impacted by COVID-19. The HAF program benefits vary from state to state.

Contact a HAF representative today to see if you qualify for assistance and the latest information about your state's HAF program at https://www.ncsha.org/homeowner-assistance-fund/.

 
Credit protections were put in place as a result of the COVID-19 National Emergency declared in late March 2020. Loans that were delinquent in Feb 2020 were protected during the March 2020 credit cycle and subsequent months. 
Loans enrolled in a Loss Mitigation plan will remain protected for the duration of that plan. Loans that exit Loss Mitigation, and are still delinquent, will report as delinquent 60 days after the Loss Mitigation plan expired.
Credit protections will end 4/30/2022.
If your loan was or became current during the COVID-19 National Emergency, your loan was reported as such to the Credit Reporting Agencies.

If you were current in early 2020, then enrolled in a COVID-19 protection plan after the National Emergency was declared, your loan was reported as CURRENT, and details about the workout plan were excluded to ensure your credit report was not negatively impacted.
RoundPoint Mortgage Servicing Corporation reported contractually delinquent loans as current if the loan was enrolled a COVID-19 Forbearance protection plan.  When the Forbearance plan expired, if a Deferral was completed, the account was restored to a current status.

For delinquent loans NOT enrolled in a COVID-19 protection plan, negative reporting to Credit Reporting Agencies was suppressed in order to ensure your credit report was not negatively impacted.