Loss mitigation is a process where borrowers and mortgage servicers work together to find alternative solutions to cure default or avoid foreclosure.
Loss Mitigation options may include but are not limited to:
- Loan modifications
- Repayment plans
- Short sales
- Forbearance Agreements
- Deed-in-lieu of Foreclosure
Please call the Loan Customer Call Center at 1-888-623-2698 or email lossmitigation at oceanfirst dot com.
Please call the Loan Customer Call Center at 1-888-623-2698 or email lossmitigation at oceanfirst dot com.
Late charges are assessed when your loan payment is received after the grace period. If you have questions concerning the late charge, please contact the Loan Customer Care Center at 1-888-623-2698 or email lossmitigation at oceanfirst dot com.
If you believe you have identified a mortgage related error on your credit report, please submit a dispute to the credit reporting bureau Transunion, Equifax, Experian or Innovis. Or if you prefer, please email us at lossmitigation at oceanfirst dot com. Please include a copy of the credit report, reason for the dispute, loan number and valid contact information in your email.
The details of the foreclosure process vary from state to state. If you are concerned about making your mortgage payments contact us directly to inquire about available loss mitigation options. Please contact the Loss Mitigation department at 1-888-623-2633 extension 27714 or email lossmitigation at oceanfirst dot com.
A Short Sale is a loss mitigation option that allows you to sell your home for less than the remaining balance of your mortgage loan. For more information, please contact the Loss Mitigation department at 1-888-623-2633 ext. 27714 or email lossmitigation at oceanfirst dot com.
A Deed-in Lieu of foreclosure is a loss mitigation option that allows you to voluntarily transfer ownership of your home to the owner of your mortgage loan to satisfy the mortgage debt. You generally must provide a clear and marketable title free of any liens and encumbrances. For more information, please contact the Loss Mitigation department at 1-888-623-2633 ext. 27714 or email lossmitigation at oceanfirst dot com.