Does SunTrust sell their mortgages?
SunTrust mortgage types and services SunTrust offers several mortgage options. Its most popular programs include fixed-rate mortgages and FHA, VA and USDA loans.
Is the mortgage company the mortgagee?
A mortgagee is a lender: specifically, an entity that lends money to a borrower for the purpose of purchasing real estate. In a mortgage transaction, the lender serves as the mortgagee and the borrower is known as the mortgagor.
Who is the lender in mortgage agreement?
A Mortgage Agreement is a contract between a borrower (called the mortgagor) and the lender (called the mortgagee) where a lien is created on the property in order to secure repayment of the loan.
Where is SunTrust based?
based in Richmond, VA in 1998. With year-end assets of $93 billion, SunTrust was serving more than 3.3 million customers through 1,094 locations in Florida, Georgia, Tennessee, Alabama, Virginia, Maryland and the District of Columbia.
Does SunTrust charge closing costs?
SunTrust does not charge you closing costs unless your account is closed within three years. If you do close early, SunTrust will add the closing costs to your outstanding balance, a sum that could total $100 to $2,000.
What is the mortgagee clause?
A mortgagee clause is a property insurance provision granting special protection for a mortgagee (e.g., financial institution that has an interest in the property) named in the policy that, in effect, sets up a separate contract between the insurer and the mortgagee.
What does mortgagee clause look like?
Typically, the mortgagee clause contains the name and address of the mortgage lender as well as the loan number. Pretty straightforward. You may also see the following letters or words contained in the mortgagee clause: ISAOA & ATIMA. These are the ones that give people trouble.
What is a mortgage clause?
What is a Mortgage Clause? A mortgagee clause is a property insurance provision granting special protection for a mortgagee (e.g., financial institution that has an interest in the property) named in the policy that, in effect, sets up a separate contract between the insurer and the mortgagee.
What are the rights of mortgage?
The Act gives the mortgagee the right to foreclosure or sale. According to this provision, in case the mortgage money has become due to the mortgagee, he has a right to obtain a decree from a court that the mortgagor be absolutely debarred of his right to redeem the property, or a decree that the property be sold.
What is SunTrust Bank mortgagee clause?
The Mortgagee Clause is as follows: Security Instrument Assignment. Hazard/Flood Insurance Assignment. Truist Bank, its successors and/or assigns as their interests. may appear (ISAOA/ATIMA)
Where is the Sun West Mortgage Company located?
Physical Address (Overnight or Drop-off) Sun West Mortgage Company, Inc. 6131 Orangethorpe Avenue, Suite 500 Buena Park, CA 90620. Regular USPS Mail. Sun West Mortgage Company, Inc. P.O. Box 6007 Artesia, CA 90702
When do I have to Mail my Sun West mortgage payment?
Unless otherwise noted on your payment coupon, your payment is due on the 1st of the month. This means that payments should be received by Sun West Mortgage Company on or by the 1st of each month. You should mail your payment 5-7 days early to allow ample time for delivery.
Where can I get a payoff statement for my Sun West loan?
If you need a payoff statement for your loan, you can order it by logging into your account on our website www.swmc.com/my-account and filling out the electronic form “Payoff Quote”. You can also call us at (800) 453-7884 ext. 7871. Our business hours are 8.30 AM to 5.00 PM PST.
Who is SWMC and what kind of loans do they offer?
SWMC is an approved FHLMC, FNMA, GNMA, HUD, and VA lender. We are also an approved HUD Reverse Mortgage Lender/Servicer. We offer a wide range of jumbo and conventional loan products. Your success is our success.