If you had automatic draft payments scheduled with your previous servicer, the “goodbye” letter they sent you and the welcome letter from us will indicate if those automatic draft payments were transferred to us and will continue.
<ul>
<li>If they did transfer, your first payment may be delayed by up to 10 days but there won’t be any late fee or credit impact. After that, payments will be drafted on the regular date.</li>
<li>If they didn’t transfer, you can sign in to your account to quickly <a href="/servicing/payments/autopay/new">set up AutoPay.</a></li>
</ul>

How to know if automatic payments are transferring and what happens next

Automatic Payments for Transferred Accounts

If you opened an escrow account as part of your loan agreement—or chose to open one to simplify your life—we will take care of your tax and insurance payments for you.
- View and [manage your escrow account](/servicing/escrow) online by signing in to your account.
- If you don’t have an escrow account with us but would like to set one up, please [contact us.](/contact_us)

For other escrow-related questions, please reference our [escrow support.](/help-center/escrow)


Explains that we handle established escrow accounts

Managing Escrow Payments for New Accounts

You’ll receive your first monthly statement **within 30 days** of your **transfer date.**

Want access sooner? Sign in to your online account to [view your statement](/servicing/statements) as soon as it’s available. 
[Note]
***Note:*** Our secure, automated phone system can also send you a one-time link to view your statement—just call 888-464-2432.
[/Note]

When new customers will receive their first monthly statement

Receiving Your First Monthly Statement

You can register to get access to your online account **within 7 days** of your official transfer date.  
- To [create an online account,](/accounts/new) all you need is your loan number, Social Security Number, and property ZIP code.

How and when new customers can create an online account

Setting Up Your Online Account

New Customer Basics

If you had automatic draft payments scheduled with your previous servicer, the “goodbye” letter they sent you and the welcome letter from us will indicate if those automatic draft payments were transferred to us and will continue.

- If they **did transfer,** your first payment may be **delayed by up to 10 days** but there **won’t be any late fee or credit impact.** After that, payments will be drafted on the regular date.

- If they **didn’t transfer,** you can sign in to your account to quickly [set up AutoPay.](/servicing/payments/autopay/new)


You’ll need to **notify your insurance company** that your loan was transferred to us and that they’ll receive payments from us now. 

Give them your new loan number and have them update the mortgagee clause on your account to:

[Indent]
United Wholesale Mortgage    
Its Successors and/or Assigns    
PO Box 7729    
Springfield, OH 45501
[/Indent]

[Note]
**Note:** If you had optional insurance products (like life insurance or disability coverage) through your previous servicer, these products may not transfer and could be cancelled. We suggest contacting your insurance provider and arranging to pay them directly for these policies.
[/Note]

Provides instructions and details for updating homeowners insurance policies

Homeowners Insurance Changes for Transferred Accounts

Here are some of the most important things to keep in mind about your transfer:

[Indent]
**Credit**
- There are **no late fees or negative reporting** to the credit bureaus during the **first 60 days** after your transfer.
- This transfer has **no impact** on your credit rating.

**Escrow**
- If you had an escrow account with your previous servicer, we’ll continue to make your tax and insurance payments promptly.

**Fees**
- There could be some changes in your fees. For more details, review our complete [list of fees.](https://storage.googleapis.com/apolloimage/images/Support/UWM/uwm_fees_general.pdf)

**Loan Terms**
- The terms of your loan remain **exactly the same.**
 - This means your interest rate, monthly principal and interest payment, and repayment timeframe are all identical to what they were with your previous servicer. 

**Other**
- If you had a workout or modification plan with your previous servicer, **we’ll continue it.** Just allow us up to 30 days from your transfer date to get all of your account information.
- If you were in the middle of selling or refinancing your home when the transfer occurred, you can request a [payoff quote](/servicing/payoff_quote_requests/new) once your information is in our system.

**Payments**
- Your previous servicer is **required to forward us** any payments you make to them for 60 days after your transfer date. 
[Note]
**Note:** Once 60 days have passed from your transfer date, please be sure your payments are sent directly to us at the new address provided in your Welcome Packet.
[/Note]
[/Indent]

Whether you prefer to make payments by mail, phone, online, or by automatic draft, we’ve got you covered. For more information, please view our complete [list of payment options.](/help-center/payments/payment-options)
[/Indent]


Explains ways a loan transfer may affect you

How an Account Transfer Impacts You

You should have received a “goodbye” letter (Notice of Servicing Transfer) from your previous servicer when your loan was transferred to us. The letter should include your **official transfer date** and arrive around **15 days before** that date.
[Note]
**Note:** You can find copies of the letter(s) in the ["Miscellaneous"](/servicing/statements/misc) statements tab.
[/Note]
Around **2 weeks after your transfer date,** you’ll receive a Welcome Packet from us, which includes:
- your welcome letter;
- your new loan number;
- a payment coupon;
- our contact details; and
- other important information.



When and how you are notified of an account transfer

Notification of Account Transfer

To continue using your bank’s “Online Bill Pay” service, you will need to change the payee information to the following:

[Indent]
UWM   
PO Box 650530  
Dallas, TX 75265 
[/Indent]

Provides details for updating online bill pay

Updating Your Bank’s Online Bill Pay for Transferred Accounts

Your account was transferred because your previous servicer sold your loan to us, your new servicer. 
- It is very common for mortgage loans to be sold between servicers. 
- Hundreds of thousands of loans change hands in this way every year.

At UWM, we’re determined to set a new industry standard for personal attention and customer satisfaction. We’ll do everything possible to make your transition smooth, simple, and transparent.

Automatic Payments for Transferred Accounts

Helpful Resources

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Automatic Payments for Transferred Accounts

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