If you have recently obtained a mortgage loan from Newrez, you may be wondering about the various payment options available to you. In today’s fast-paced world, most borrowers prefer online payment methods that offer convenience and flexibility. In this article, we will provide a comprehensive guide on how to make payments to Newrez and answer some commonly asked questions about the company.
Payment Options Available at Newrez
Newrez offers several payment options to its borrowers, including online payment, automated phone system, mailed payment, and overnight mail payment. Here’s a brief overview of each payment method:
Online Payment
Online payment is the most popular payment option among Newrez borrowers. It allows you to make payments quickly and easily, from anywhere and at any time, using your computer or mobile device. To use this payment method, you must first register for an online account on the Newrez website.
Automated Phone System
If you prefer to make a payment over the phone, you can use Newrez’s automated phone system. This system is available 24/7 and can be accessed by calling 1-855-639-7767. To use this payment method, you will need your account number and the last four digits of your social security number.
Mailed Payment
You can also mail your payment to Newrez using the address provided on your statement. Make sure to include your account number on the check or money order and allow sufficient time for the payment to be received and processed.
Overnight Mail Payment
If you need to make a payment urgently, you can use the overnight mail payment option. This option allows you to send your payment via overnight courier service to ensure that it is received by Newrez on the next business day.
How to Make an Online Payment to Newrez
Making an online payment to Newrez is quick and easy. Here’s a step-by-step guide on how to do it:
1. Register for an Online Account
To register for an online account, go to the Newrez website and click on “Register” in the top right corner of the page. Follow the prompts to enter your personal information and create a username and password.
2. Log In to Your Account
Once you have registered for an online account, log in to your account by clicking on “Login” in the top right corner of the page. Enter your username and password to access your account dashboard.
3. Add Your Payment Information
To make a payment, click on “Make a Payment” on your account dashboard. Enter your payment information, including the amount you wish to pay and the date on which you want the payment to be processed. You can also save your payment information for future use.
4. Submit Your Payment
After you have entered your payment information, review the details and confirm that they are correct. Then, click on “Submit” to complete the payment process. You will receive a confirmation message on your screen once the payment has been processed successfully.
Benefits of Making Online Payments
Making online payments to Newrez offers several benefits to borrowers, including:
- Convenience: Online payments can be made from anywhere and at any time, allowing borrowers to pay their mortgage quickly and easily.
- Security: Online payments are processed securely using encryption technology, protecting borrowers’ personal and financial information.
- Automatic Payments: Borrowers can set up automatic payments to ensure that their mortgage is paid on time every month.
- Cost Savings: Online payments can save borrowers time and money by eliminating the need for stamps, envelopes, and trips to the post office.
What to Do if You Miss a Payment
If you are unable to make a payment on time, it’s important to contact Newrez as soon as possible to discuss your options. Depending on your circumstances, you may be eligible for a forbearance or loan modification to help you avoid foreclosure.
Final Thoughts
Making a payment to Newrez is easy and convenient, thanks to the variety of payment options available to borrowers. By following the steps outlined in this article, you can make your mortgage payment quickly and securely, from anywhere and at any time. If you have any questions or concerns about making a payment to Newrez, don’t hesitate to contact their customer service team for assistance.
Yes, you can make your mortgage payment online by registering for an online account on the Newrez website.
Newrez is a privately held mortgage company and is not owned by a bank.
Yes, Newrez has a mobile app that allows borrowers to manage their mortgage account and make payments from their smartphone or tablet.
If you are unable to make a payment on time, contact Newrez as soon as possible to discuss your options. You may be eligible for a forbearance or loan modification to help you avoid foreclosure.
You can contact Newrez customer service by calling 1-800-365-7107 or by sending an email to customerservice@newrez.com.
