Home
Forms Library
Select portfolio servicing hardship affidavit form

Loan servicing hardship 2025

select portfolio servicing hardship affidavit form Preview on Page 1

See details

4.8 out of 5

26 votes

The document is a Request for Mortgage Assistance (RMA) and Hardship Affidavit from Ocwen Loan Servicing, aimed at helping homeowners facing financial difficulties. It outlines various options available to assist borrowers in keeping their homes or transitioning out of them, including loan modifications, repayment plans, and foreclosure alternatives like short sales and deeds-in-lieu of foreclosure. The document provides detailed instructions on how to apply for assistance, the necessary forms to complete, and the importance of timely submission to avoid foreclosure actions.

Here's how it works

01. Edit your select portfolio servicing hardship affidavit form online

Type text, add images, blackout confidential details, add comments, highlights and more.

02. Sign it in a few clicks

Draw your signature, type it, upload its image, or use your mobile device as a signature pad.

03. Share your form with others

Send select portfolio servicing customer service via email, link, or fax. You can also download it, export it or print it out.

How to use or fill out loan servicing hardship with our platform

Ease of Setup

DocHub User Ratings on G2

Ease of Use

DocHub User Ratings on G2

Click ‘Get Form’ to open the Loan Servicing Hardship form in the editor.
Begin by filling out the 'Loan Number' field at the top of the form. This is essential for identifying your application.
In Section 1, choose your application choice: either 'Keep the property' for modification options or 'Leave the property' for deed-in-lieu or short sale.
Complete Section 2 with your personal information, including names, social security numbers, and contact details. Ensure accuracy to avoid processing delays.
Proceed to Section 3 and provide property information. If applicable, include HOA fees and confirm if you occupy the property.
In Section 11, describe your hardship clearly. Check all relevant boxes and provide additional details as necessary.
Review all sections for completeness and accuracy before submitting. Use our platform's tools to sign and send your application securely.

Start using our platform today to complete your Loan Servicing Hardship form easily and for free!

be ready to get more

Complete this form in 5 minutes or less

Get form

Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What is a mortgage hardship program?

FHAs Home Retention Options Forbearances: Provides a temporary pause or reduction of your monthly mortgage payments to allow you time to overcome the financial hardship. Following a forbearance, your servicer will work with you to repay the missed or reduced payments.

What is a good hardship letter for a loan modification?

This letter should explain your current financial situation and why youre unable to make payments. It should provide specific details about the hardship, such as when it began, how it was caused and how long it may continue.

What is considered a hardship for a mortgage?

For short-term hardships, a forbearance plan can temporarily reduce or suspend your monthly mortgage payments. Sudden financial hardships can occur for many reasons, such as job loss, illness, disability, natural disasters, or divorce.

Do mortgage companies offer hardship programs?

Call your mortgage servicer and let them know your situation immediately. Ask them what forbearance or hardship options may be available. Some mortgage servicers have a requirement that forbearance or hardship assistance must be requested within a specified amount of time after a disaster or other qualifying event.

What should I do if I cant keep up with my mortgage payments?

Just contact your mortgage company and request a hardship payment deferral of one month. They should be willing to extend your last payment date to account for the hardship.