ASC Mortgage or America’s Servicing Company is a division of Wells Fargo that helps you find the right mortgage from a network of other available lenders, so their not a direct lender. They basically handle collecting mortgage payments, or keeping consistent business interactions with borrowers. They’re basically the company that you would contact for loan modifications through the federal Home Affordable Modification Program.
Editor’s Note: To get in touch with them, you can either call 800-662-3806 or go to www.ascservicing.com
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ASC Mortgage Summary:
- Apply Now
- Account Type: None
- Availability: Licensed in all states
- Expiration Date: None
- Additional Advise: None.
- Closing Loan: None.
ASC Mortgage Basic Requirements:
Below are examples of supporting documents which may be included in a loan file:
Income Documents:
- Pay Stubs covering the customer’s most recent two pay periods for each applicant.
- W-2 Forms for the previous two years.
- Two most recent years’ federal tax returns (e.g. for a loan in 2015, the customer need to submit the customer’s 2014 and 2013 federal tax returns). All the pages and all schedules.
- If the customer is self-employed, the two most recent years’ business tax returns are also needed.
- For self–employed or investment income, the two most recent years’ 1099’s and K-1 forms are also needed
- For self–employed business income,year-to-date profit and loss statement and balance sheet.
- For retired customers, copy of Social Security and/or Pension “award letters” detailing the amount of retirement income.
Asset Documents:
- Two most recent months’ bank statements. All of the pages.
Other Documents:
- Homeowner’s Insurance statement(s) for all properties owned showing the customer’s coverage and the annual premium.
- Mortgage statements for all properties owned that have liens.
- Copy of driver’s license or State I.D.card for all customers.
- If divorced, the customer’s fully executed divorce decree.
Conclusion:
America’s Service Company is not a direct lender, moreover, they’re servicers that take in mortgage payments, make property tax or hazard insurance payments, and keep all of it on record. They’re definitely the first to go to if you’re trying to fend off foreclosure with a loan modification, of course, if you have a loan under them. They don’t offer any refinancing services and by definition, they don’t necessarily own your loan, so they’ll typically have to get the actual owner to approve any loan modification. Be sure to check out our compiled list of Best Mortgage Rates, for all of your mortgage lending needs!