Effective 02/04/2025, GMFS will transfer some of the FHA, VA and USDA it is currently servicing to Carrington Mortgage Services(CMS). Customer Support: Carrington Mortgage Services’ Customer Service team is ready to assist your clients with any questions or concerns. The…
As of May 1, mortgage loans that were serviced by GMFS Mortgage LLC, Serviced by Specialized Loan Servicing (SLS) now have a new name – GMFS Mortgage LLC, serviced by Shellpoint. As part of the Shellpoint family, we are excited…
TYPES OF PMI REMOVAL Automatic Removal Customer is only required to maintain mortgage payments MI will be automatically removed when the loan LTV reaches 78% Based upon original amortization schedule – when the original amortization schedule shows the loan will…
How do customers submit a request for a payoff statement for a Partial Claim held by HUD? The Mortgagee, Borrower, or other Authorized Third Party with a SMART Integrated Portal (SIP) account may request a payoff statement for a HUD…
Insurance Coverage and Maximum Deductible Requirements
To better align ourselves with the industry, GMFS will be updating our policy to no longer net the escrow balance of the loan from the final payoff quote that is generated. Effective October 1, 2019, all payoff quotes produced by…
