NOTE: Only applies to borrowers on the note after verifying death/divorce/disability that happened after the origination of the mortgage.


Death of a borrower/co-borrower

Requires:

• Death certificate; and
   
• Income documentation prior to the event compared to after the event.
   

Documents to update the loan for the successor should be sent to research:

• Mail:

  Attn: Research
  P.O. Box 612488
  Dallas, Texas 75261-2488

  
   
• Fax: (972) 459-1611
   
• Email: ResearchIncoming@mrcooper.com

Important: Income documents should be sent to Modification.Assistance@mrcooper.com.


Disability of a borrower/co-borrower or persons other than the borrower/co-borrower who is claimed as a dependent for federal income tax purposes.

Consumer Financial Protect Bureau Requirements:

• Proof of monthly insurance benefits or government assistance; and
   
• Federal income tax return showing medical deductions.

NOTES:

• Income tax returns are not required if the:
   
  • disability income is the only income; and
     
  • the benefit awards letter does not mention taxes are being withheld.
     
• Borrower is not required to provide proof of illness.

Divorce or legally-documented separation of borrower/co-borrower

Requires:

• Divorce decree signed/stamped by the court.
   
• Separation agreement signed by the court.

NOTE: only if property is awarded to separated individual not on the note.

• Current credit report evidencing recorded divorce decree.
   
• Current credit report evidencing recorded separation agreement. In cases where the customers are unmarried, a recorded quitclaim deed.
   
• Income or expense documentation prior to the event compared to after the event.