Nationstar Mortgage Insurance Department: Everything You Need to Know

Do you have a Nationstar Mortgage and are wondering about their Insurance Department? If so, you’ve come to the right place. In this article, we’ll cover everything you need to know about Nationstar’s Insurance Department, including what it does, how to contact them, and more.

What is Nationstar Mortgage Insurance Department?

The Nationstar Mortgage Insurance Department is responsible for managing mortgage insurance policies for Nationstar customers. Mortgage insurance protects lenders in case a borrower defaults on their loan. Nationstar partners with several insurance companies to provide a variety of mortgage insurance options for its customers.

One of the benefits of having mortgage insurance is that it may allow borrowers to qualify for a home loan with a lower down payment, as the insurance reduces the risk for the lender. Once the borrower has built up enough equity in their home, they can typically cancel the mortgage insurance.

What types of mortgage insurance does Nationstar offer?

Nationstar offers several types of mortgage insurance, including:

How do I know if I need mortgage insurance?

If your down payment is less than 20% of the home’s purchase price, you will likely need mortgage insurance. Your loan officer will be able to explain your mortgage insurance options and requirements.

How to Contact Nationstar Mortgage Insurance Department

If you have questions about your mortgage insurance or need to make a claim, you can contact Nationstar’s Insurance Department by phone, email, or mail. Here’s how:

By Phone

You can call Nationstar’s Insurance Department at 1-866-312-8076. Their hours are Monday through Friday, 7 a.m. to 7 p.m. CT.

By Email

You can email Nationstar’s Insurance Department at insurance@nationstarmail.com. Be sure to include your loan number and a detailed description of your question or issue.

By Mail

You can send correspondence to Nationstar’s Insurance Department at the following address:

Nationstar InsuranceP.O. Box 619098Dallas, TX 75261-9741

It’s important to note that if you have a question or issue regarding your mortgage loan in general, you should contact Nationstar’s Customer Service Department rather than the Insurance Department.

Nationstar Mortgage Insurance Department FAQ

How do I cancel my mortgage insurance?

To cancel your mortgage insurance, you’ll need to have at least 20% equity in your home. Once you’ve reached that point, you can contact Nationstar’s Insurance Department to request cancellation. They will provide you with the necessary steps and documentation.

How is mortgage insurance calculated?

The cost of mortgage insurance varies depending on factors such as the type of mortgage insurance, the amount of the loan, and the borrower’s credit score. Your loan officer can help you understand the cost of your mortgage insurance.

What happens if I don’t pay my mortgage insurance?

If you don’t pay your mortgage insurance, Nationstar may be forced to foreclose on your home. It’s important to keep up with your mortgage insurance payments to protect both yourself and the lender.

Can I choose my own mortgage insurance provider?

Unfortunately, no. Nationstar has partnerships with several mortgage insurance providers, and your loan officer will help you choose the best option for your needs.

What should I do if I have a problem with my mortgage insurance?

If you have an issue with your mortgage insurance, you should contact Nationstar’s Insurance Department as soon as possible. They will work with you to resolve the issue and ensure that your mortgage insurance remains in good standing.

Conclusion

The Nationstar Mortgage Insurance Department plays an important role in managing mortgage insurance policies for Nationstar customers. As a borrower, it’s important to understand your mortgage insurance options and requirements, and to keep up with your payments to protect your home and your lender. If you have any questions or concerns about your mortgage insurance, don’t hesitate to contact Nationstar’s Insurance Department for assistance.