my home mortgage has been sold - how to update that in Quicken.
my mortgage has been recently sold (Flagstar Bank to Roundpoint Mortage Servicing LLC). What are the recommended steps for me to take regarding accounts within Quicken. Currently I have a "Property & Debit" account for the Flagstar Bank mortgage account, in addition to another "Property & Debit" account to track the asset / home.
Answers
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Are you downloading into that mortgage? Are you originating your mortgage payment from within Q
Is Q doing anything other than recording the payments that you make?
Because, your actions might be as simple as changing the names of the accounts
Q user since February, 1990. DOS Version 4
Now running Quicken Windows Subscription, Business & Personal
Retired "Certified Information Systems Auditor" & Bank Audit VP0 -
NotACPA, thanks for your reply. Great points. The account is currently setup to download payment details from the prior lender (Flagstar Bank). Payment of the mortgage is setup for a scheduled ACH to my checking account. I will see if I can edit the existing account to do the same (e.g. download transactions) for the new lender (Roundpoint Mortage Servicing LLC).
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With a mortgage download from the mortgage company, typically, only the Prin payment is downloaded … not the Interest payment or any Escrow payments
Are you getting more than that?
Q user since February, 1990. DOS Version 4
Now running Quicken Windows Subscription, Business & Personal
Retired "Certified Information Systems Auditor" & Bank Audit VP0
