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Purchasing your first home can be a scary and intimidating, but Fairway Servicing is here with you every step of the way. Whether your loan is serviced by Fairway Servicing or transferred to a new servicer, you are always part of the Fairway Family.

Fairway Servicing was established in 2012. Based out of Carrollton, Texas, Fairway Servicing supports our customers nationwide, offering a wide-variety of assistance options.

Fairway Servicing's Mission is a commitment to treating each of our customers as if they were our only customer, through delivery of consistent, timely, and accurate service, executed with integrity and professionalism

Our Commitment To You:

To be responsible, accountable, respectful, professional, and efficient. We commit to honesty, integrity, and transparency, as we strive to inspire your continued business.


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RETAINED - Notice of Transfer | Fairway Independent Mortgage Corporation

Helpful Information


Let Fairway guide you with these quick help videos. Choose a video from the list to load into the player above.

Disaster Help & Relief

If you have been affected by the recent weather events and have questions regarding your insurance or need to discuss relief, please contact us at 877-651-2770 or email us at disasterhelp@fairwaymc.com.

Need additional assistance? Contact your Fairway Servicing Concierge:

Servicing@Fairwaymc.com
800-201-7544

Monday – Friday, 8:30am – 5:00pm CST

By entering your contact information, you are providing express written consent for Fairway Independent Mortgage Corporation to contact you at the email and number you provided via telephone, mobile device, automated means like autodialing, text SMS/MMS and pre-recorded messages, even if you are registered on a corporate, state, or federal Do Not Call list. You are also acknowledging and agreeing to our terms of service and privacy policy. Consent is not required to use our services.

FAQs

Below is a time of what happens after you close your loan

  • One to two days after funding you will receive a courtesy call thanking you for choosing Fairway.
  • Around the 10th day after your loan funds you receive a formal Welcome Call from our Fairway Concierge team. During the this call we will verify your contact information, you will be given your first payment information and information about your new servicer.

RoundPoint Mortgage was founded in 2007 is dedicated to creating the simplest, fastest, efficient and most satisfying experience for borrowers. You can contact RoundPoint by calling 1-877-426-8805 or visit their website www.rpmservicing.com.

Cenlar FSB, the nation’s leading loan servicing provider, and has been servicing loans for more than 40 years. You can contact Cenlar by calling 1-877-745-4942 or visit their website www.loanadministration.com

Dovenmuehle Mortgage, Inc. or commonly known as DMI is the oldest mortgage banking company in the Midwest and one of the oldest mortgage companies in the United States founded in 1844. You can contact Dovenmuehle (DMI) by calling 1-800-669-4268 or visit their website at www.dovenmuehle.com

Many time loans are transferred to your new servicer very quickly after funding. Fairway will reach out to you within 10 days of your loan funding. Once your loan transfers CENLAR will reach out to you within a week of your loan transferring to go over your loan information, payment information and answer any questions.

A recast is the process of applying funds to reduce the existing unpaid principal balance of a first mortgage loan. The homeowner’s mortgage is not modified; the loan term and interest rate remain unchanged. However, recasting (re-amortizing) the loan based on the newly reduced principal amount will usually result in a lower monthly payment.
Conventional Fannie Mae and Freddie Mac loans are eligible to be recast, at this time FHA/VA loans are not eligible to be recast.
  1. The loan must be conventional.
  2. The contribution amount must meet or exceed the minimum requirement of $10,000.00.
  3. The loan may not have had a previous modification.
  4. The account may not be currently active in bankruptcy.
  5. The account may not be currently delinquent.
  6. The loan may not be interest-only. During a loan's interest-only period, it's not necessary to request a re-amortization of the account.
  7. In the case of an Adjustable Rate Mortgage (ARM), there may not be an interest rate change scheduled sooner than 6 months.

There is a $150.00 that is paid once the recast is approved and the recast documents are sent.

Private mortgage insurance is required on conventional loans and may allow you to purchase a home for as little as 5% down. This coverage requires a monthly insurance fee to be paid. PMI is only required if your loan-to-value is 80% and above.
Depending on your loan type you may be able to request to have your PMI removed. For more information please contact our servicing department at servicing@Fairwaymc.com 

You can request your PMI to be removed once your Loan to Value ratio ( LTV) reaches 80% via written request.

Your PMI will automatically be dropped once your LTV reaches 78% LTV

That’s our #1 question! Your first payment will most likely come to Fairway, you would’ve been provided with temporary payment coupons at closing. You can mail your first payment to the address below. You can also call out Concierge department at 1-800-201-7544 Monday-Friday 8:30am-5:30pm CST and Saturday 8:30am-12:30pm CST

First payment address:
P.O BOX 117298
Carrollton, TX 75011

At this time only Conventional loans are eligible to remove escrow.

Some Cities/Counties will send the bill to you even if your taxes are escrowed. If you have questions or want to forward the bill to Fairway to ensure it is paid; please email us at servicing@fairwaymc.com or call 1-800-201-7544.

When your loan is transferred to our Servicing center, sometimes it can take a few weeks to have all of your documents loaded. If you received a notice that your insurance has lapsed but your loan is escrowed, please reach out to us via email at servicing@fairwaymc.com and we will be more than happy to help you!

If you received a check from Fairway from your escrow account and would like to verify if the funds need to be placed back into your escrow or are yours to keep, please email servicing@fairwaymc.com

You can mail your payment in to Fairway to the address below, you can also call in your payment free of charge.

Pay by phone:
1-800-201-7544
Payment address:
Fairway Independent Mortgage Corporation
P.O Box 117298
Carrollton, TX 75011

Once your loan transfers to your new Servicer you will have the option to set up online payments, Automatic draft and Bi-Weekly payments if offered by your servicer.

If you have received a Loss Draft check with Fairway’s name please call our Concierge Department at 1-800-201-7544 or email servicing@fairwaymc.com on your next steps.

If you have found more affordable insurance, you must send a copy to the servicer of your loan. You can also reach out to Fairway at servicing@fairwaymc.com and we will forward your updated insurance to your servicer.

We are always here to help our borrowers even if your loan has been transferred! If you have a question or need assistance please give a call at 1-800-201-7544 or send us an email at servicing@fairwaymc.com

You can always send us an email at servicing@fairwaymc.com and we will be happy to resend your transfer letter.

Any VA funding fee that is refunded will be applied to your loan as a principal reduction

Unfortunately, we are not able to change who your loan was sold to and who services your loan. However; Fairway is ALWAYS here for you. You can reach out to us at any time even if your loan has been transferred. Fairway maintains relationships with most of our servicers and we are happy to act on your behalf with any issues. You can reach us by email with any questions at servicing@fairwaymc.com

If your property was involved in a natural disaster please call our Disaster hotline at 1-877-651-2770 Monday-Friday 8:30am-5:30pm CST or email Disasterhelp@fairwaymc.com.

Please contact us at Servicing@fairwaymc.com , we are more than happy to help you. If your loan has transferred to another servicer we will escalate your concern with them on your behalf.