HOW CAN I PROCESS A HOMEOWNERS POLICY FOR A CLIENT WHOS WHO WANTS TO PAY THROUGH THE MORTGAGE COMPANY
Total Comments: 6
Posted: Sat Nov 14, 2009 06:27 am Post Subject:
I'm not an agent but I'm guessing the same way. You let the Mort. Co. know the billing information and they pay the bill. Who ever normally does the billing should know how to do this.
Posted: Sat Nov 14, 2009 09:50 pm Post Subject: Not quite
Sorry that doesnt answer my question
Posted: Sat Nov 14, 2009 10:05 pm Post Subject:
Who handles the billing of the policy? You need to ask them.
Posted: Sat Nov 14, 2009 10:08 pm Post Subject:
I do, thats why im asking if i new i wouldnt ask
Posted: Mon Nov 16, 2009 05:55 am Post Subject:
I gave my agent my loan number and mortgage company's name, adress and phone number. My agent faxed a copy of the policy (DEC page) to the mortgage company and I let the mortage company know that I wanted payment to go through escrow. Poof! It now happens.
Posted: Mon Nov 16, 2009 12:18 pm Post Subject:
Same here, I've owned homes for over twenty years, and always have had the HO premium and property taxes paid thru the escrow account. The carrier just sets it up with the mortgage company. The bill goes to them (with a copy to me) and the mortgage company pays the premium from my escrow account.
Posted: Sat Nov 14, 2009 06:27 am Post Subject:
I'm not an agent but I'm guessing the same way. You let the Mort. Co. know the billing information and they pay the bill. Who ever normally does the billing should know how to do this.
Posted: Sat Nov 14, 2009 09:50 pm Post Subject: Not quite
Sorry that doesnt answer my question
Posted: Sat Nov 14, 2009 10:05 pm Post Subject:
Who handles the billing of the policy? You need to ask them.
Posted: Sat Nov 14, 2009 10:08 pm Post Subject:
I do, thats why im asking if i new i wouldnt ask
Posted: Mon Nov 16, 2009 05:55 am Post Subject:
I gave my agent my loan number and mortgage company's name, adress and phone number. My agent faxed a copy of the policy (DEC page) to the mortgage company and I let the mortage company know that I wanted payment to go through escrow. Poof! It now happens.
Posted: Mon Nov 16, 2009 12:18 pm Post Subject:
Same here, I've owned homes for over twenty years, and always have had the HO premium and property taxes paid thru the escrow account. The carrier just sets it up with the mortgage company. The bill goes to them (with a copy to me) and the mortgage company pays the premium from my escrow account.
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