Escrow is a simple way that we help you manage the property taxes and insurance premiums for your home together with the payments on your mortgage loan. Instead of saving separately for taxes and insurance, you make one monthly payment that includes:
  • An amount that goes towards your mortgage (for principal and interest).
  • An amount that goes into your escrow account to be paid toward property taxes and insurance premiums (like homeowners’ insurance, mortgage insurance, or flood insurance).
  • When the bills for taxes or insurance become due, the funds in your escrow account will be used to pay them.
You will be provided with an annual statement detailing the activity (account balance, payments of property taxes, homeowner insurance) of your escrow account, so you can be sure of where you are with covering these expenses. If you do not have an escrow account with GMFS, you will need to make those payments for taxes and insurance on your own.

Please write your account number on the tax bill and send it via mail or fax to the address or fax number below. Please keep a copy for your records. For further assistance, you may also contact our Tax Department at 1-866-801-1373.

GMFS LLC c/o Specialized Loan Servicing
Correspondence Department – 1st Floor
3001 Hackenberry Rd, 1st Floor
Irving, TX 75063
Fax: 1-817-826-0460

Please write your account number on the insurance bill and send it via mail or fax to the address or fax number below. Please keep a copy for your records. For further assistance, you may also contact our Insurance Department at 1-800-441-4145.

GMFS LLC c/o Specialized Loan Servicing
P.O. Box 620188
Atlanta, GA 30362
Fax: 1-678-475-8763

If we are servicing your first mortgage, please contact our Customer Care Department with questions at 1-866-392-1860 Monday through Friday, 6:00 a.m. until 6:00 p.m. MT. A Customer Care Representative will assist you with the process of adding tax and insurance escrows to your monthly payment.

The escrow portion of your mortgage payment may increase to cover an increase in your property taxes or your homeowner’s insurance premium. These amounts are not determined by us but by your local taxing authority or insurance carrier.

An escrow payment is a condition of your mortgage and part of the agreement with your lender. If you agreed to have an escrow account established for the payment of your property taxes, homeowner’s insurance and/or private mortgage insurance, you cannot delete the escrow payment from your loan payment. However, in some cases, if a borrower meets certain requirements, we will allow the escrow payment to be canceled. To be considered for escrow removal, please send your request in writing to us at:
  • Customer Care
  • P.O. Box 630147
  • Littleton, CO 80163-0147
Please include an explanation of your request, your name and account number, and your contact information.

This insurance provides economic protection to the owner of your mortgage loan and was agreed to at the time of origination. Private Mortgage Insurance should not be confused with your homeowner’s insurance, which you obtained to protect your dwelling and/or its contents.