IMPORTANT INFORMATION

IMPORTANT INFORMATION

About Your Home Mortgage Loan Account | Please Read Carefully

Payment Information:

Payments are due and payable by the Payment Due Date. Payments can be made online through our website (if offered).  If you wish to pay by check, please be sure to:

1. Remove your coupon from the bottom of your loan statement and send it along with YOUR check (Third Party Check Not Accepted) to the address shown on the coupon.
2. Do Not Send Cash. DO NOT include correspondence with your payment.
3. When sending your monthly payment via overnight carrier, express or certified mail, or if sending a principal payment separate from your monthly payment, please use the following address: New Millennium Bank, 222 Bridge Plaza South, #400, Fort Lee, NJ 07024. When sending a principal payment only, please remember to indicate “principal only” along with your loan number in the memo section of your check. PLEASE NOTE: Additional principal payments can only be made with, or after your current month’s payment. NO principal payments can be applied to loans that are not current.
4. Do not send partial payments. The disposition of a partial payment received may depend on a number of factors including but not limited to: the amount of the partial payment, whether your loan is delinquent, the investor of your loan, whether your loan contains an escrow feature, the number of times a partial payment was received within a 12 month period, whether your loan is being or has been modified. For any of these reasons, a partial payment may be (1) returned to you, (2) applied to your loan, (3) accepted but held in a non-interest bearing unapplied funds account until you send us additional funds sufficient to equal a full periodic payment due.
5. If payment is in excess of the amount due, you must indicate on the coupon how the excess is to be applied. Monies received in excess of the payment due that are not identified for application may be used to make multiple payments, which could make your loan current or 1 month prepaid. Remaining monies may be applied first to pay any other balances due, such as fees and advances, if permitted by applicable law.
6. We reserve the right to redeposit returned checks. Redeposit and returned check fees will be charged unless prohibited by law.

TO THE EXTENT YOUR OBLIGATION HAS BEEN DISCHARGED OR IS SUBJECT TO THE AUTOMATIC STAY IN A BANKRUPTCY PROCEEDING. THIS LOAN STATEMENT IS FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE A DEMAND FOR PAYMENT OR AN ATTEMPT TO COLLECT INDEBTEDNESS AS YOUR PERSONAL OBLIGATION.

If you are Experiencing Financial Difficulty: You may call the U.S. Department of Housing and Urban Development (HUD) at (800) 569-4287, or go to https://hudgov-answers.force.com/housingcounseling for a list of homeowner counselors or counseling organizations in your area.

Automatic Payment (ACH):

We offer a free, convenient service that automatically debits your payment each month from your checking or savings account. To take advantage of this service, visit our website and complete the Automatic Payment (ACH) Authorization Form or email the request to homemortgage@nmbonline.com.

Payoff Request:

A written request should be submitted in advance for a payoff statement. You may request a payoff statement be faxed or emailed to you by sending an email to  homemortgage@nmbonline.com (a fee for faxing applies, if permitted by applicable law). Make sure to include the following information: borrower’s name and loan number, property address, desired payoff date, a brief reason for the payoff, a mailing address where you want to receive the refund check (if the borrower does not have an NMB checking account), a copy of the borrower’s ID, and an authorization form (if requested by a third party).

No information will be provided verbally or over the phone.

Automated Loan Information:

You can access your loan information 24 hours a day, 7 days a week by going online at the web address www.nmbonline.com (if offered).

Servicemembers Civil Relief Act (SCRA):

Eligible servicemembers and their spouses or civil partners may receive protections under the SCRA. To find out how to determine if you are eligible for protections under SCRA and to receive instructions on how to invoke your rights, please contact us at the number listed.

Insurance Coverage:

All loans are required to have adequate property insurance in force at all times, including flood insurance, if the property is situated in a special flood hazard area. Acceptable hazard and extended dwelling insurance coverage amounts are equal to 100% of the full insured value of the improvements, or equal to the loan balance.  Flood insurance must equal the lesser of all loan balances, the full structure replacement cost value or NFIP flood coverage maximum for the property type.  Please consult your insurance agent to determine the adequacy of your coverages. At time of renewal or if changing insurance companies, please direct any evidence of insurance coverage through one of the following methods: fax (732) 729-4399 or email escrow@nmbonline.com.

Failure to provide evidence of adequate insurance may result in the placement of coverage at your expense.

If your property is damaged by fire, flood or by any other cause, you must notify us immediately and we will instruct you on how to proceed.

Property Taxes:

If you received your Real Estate tax bill for an item that is included on your Annual Escrow Statement, please keep it for your records as we receive the tax information directly from your taxing authority. It is not necessary to contact or mail us this information. However, if you receive a delinquent tax bill/notice, please refer to the contact information on the front page of this statement.

Supplemental tax bills are generally borrower’s responsibility as the bills are sent directly to the borrowers from your tax office and no information or reporting regarding these bills are provided to us. However, if your closing agent collected funds at the time of settlement of your loan in anticipation of a supplemental tax bill being issued, then please submit to us for review at: fax (732) 729-4399 or email escrow@nmbonline.com.

All Tax Exemption requests must be submitted by YOU directly to your tax office. If approved, please refer to the contact information on the front page of this statement. Any changes made by your tax office to the property covered under this mortgage (i.e. new parcel number, parcel split) must be communicated to us by calling the escrow department number located in the box above, so that our records can be updated.

*Principal only payment is NOT allowed through online payment function.

If you wish to make a one time principal only payment, the easiest way is to go to our Forms Section in our website, download and complete the appropriate form and email it to homemortgage@nmbonline.com.
Or,
Send us a check which clearly states “Principal Payment Only” on the check.

*Mortgage Billing Statements:

Go to www.nmbonline.com => Log in => CLICK Accounts tab => CLICK Statements & Notices.

*Annual Tax Forms (form 1098 or 1099): 

Go to www.nmbonline.com => CLICK your name at upper right corner to open the dropdown window => CLICK Profile => CLICK Tax Document => you will see 3-year history of the tax forms.

*Address / Mailing Address / Information Change:

Please complete the Change of Address Form and email the completed form to: homemortgage@nmbonline.com.

*Forms Section:

NMB-to-NMB One-Time Debit Authorization Form,
NMB-to-NMB Automatic Payment Authorization Form,
Non-NMB ACH Payment Authorization Form, and
Change of Address Form.