Important Update About the Servicing of GMFS Mortgage Loans
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 customers account will be live in the Carrington System on 02/08/2025.
They can be reached at 800-561-4567.
A good bye letter, including the customers new loan number and contact information for CMS, was mailed out on 01/10/2025 and a welcome letter from Carrington will follow on the week of 02/09/2025. Additionally GMFS will send your customers an email with this information as well, a sample of this email is below.
—
Dear {Customer Name},
We are writing to inform you of an upcoming change to the servicing of your mortgage loan. We understand that changes like these can feel uncertain, so we want to assure you that we are here to support you every step of the way.
Starting February 4, 2025, the servicing of your loan will transition from GMFS Mortgage LLC (serviced by Shellpoint) to Carrington Mortgage LLC. You will receive an official letter in the coming week with more details, followed by a welcome letter from Carrington Mortgage Services.
Here are a few key details to keep in mind during this transition:
- Automatic Payments (ACH): *WARNING* Attention Needed
- If you currently have automatic payments set up, these will not transfer automatically to Carrington. Once your loan is live in their system, Carrington will provide instructions on how to reestablish ACH payments.
- Bill Pay Changes:
- If you use a Bill Pay service, you’ll need to update the payment address to the following:
- Carrington Mortgage Services, LLC
PO BOX 660586
Dallas, TX 75266-0586
- Payment Timing:
- GMFS will accept payments through February 3, 2025.
- Your loan will be active in Carrington’s system by February 8, 2025, and they will begin accepting payments at that time.
- Customer Support:
- Carrington Mortgage Services’ Customer Service team is ready to assist you with any questions or concerns. You can reach them at 800-561-4567 or visit www.carringtonmortgage.com/new-customers
We want this transition to be as smooth as possible for you. In addition to the official letter, you will receive a welcome packet from Carrington Mortgage Services with detailed instructions for setting up ACH payments and information about other servicing activities.
We truly value your business and appreciate the trust you place in us. If you have any questions or need further assistance during this transition, please don’t hesitate to reach out at 866-392-1860.
Thank you for allowing us to serve you.
Warm regards,
The GMFS Team