Transferring From Roundpoint to 7 Servicing

No, your loan number will remain the same.

7 Servicing will start accepting payments from you on 7/1/24. RoundPoint will no longer accept payments received from you on or after 7/1/24.

If you pay by check, send the payment with your loan number payable to 7 Mortgage, 2077 Town Center Blvd. Suite 304, Knoxville, TN 37922.

If you pay using an online bill payment service through your bank or credit union, delete RoundPoint as a payee. Add 7 Servicing as your new payee using your loan number and 7 Servicing’s address: 2077 Town Center Blvd. Suite 304, Knoxville, TN 37922.

If you pay by an automated, recurring draft each month directly from your bank or credit union account (ACH), any existing ACH scheduled on or after 7/1/24 will no longer be processed by RoundPoint and will begin processing with 7 Servicing. There is no action that you need to take. The July payments will be delayed by as much as a week, but payments will be applied to the mortgage as scheduled.

If you pay through the RoundPoint member site each month, your access to the RoundPoint site for making payments will stop on 7/1/24. Beginning 7/8/24 you will be able to access your new 7 Servicing account.

Under Federal law you have protection during the 60-day period following the effective date of the transfer of the loan servicing. An on-time loan payment received by your old servicer, RoundPoint, may not be treated by the new loan servicer, 7 Servicing on behalf of 7 Mortgage, as late, and a late fee may not be imposed on you. RoundPoint will forward those payments to 7 Servicing.

If your monthly payment currently includes escrow for taxes and/or insurance, this will continue without interruption. Your mortgagee clause on your homeowner’s insurance policy will be automatically updated after the transfer. Please be aware that you will receive two 1098 forms for tax year 2024 – one from RoundPoint and one from 7 Servicing.

Prior tax information with RoundPoint remains available at 7mortgageservicing.com.

7 Servicing will honor any existing plan currently in place with RoundPoint. All payments beginning July 1 should be made to 7 Servicing.

Beginning 7/1/24, 7 Servicing on behalf of 7 Mortgage will be able to assist you with any questions related to your loan and the transfer of servicing. If you have any questions regarding this transfer prior to 7/1/24, please contact RoundPoint.

Please note: July 1-7 is a transition period for your mortgage loan details. Our team will will have full access to your information beginning July 8.

RoundPoint
Member Service Team
800.224.5869
P.O. Box 19124
Charlotte, NC 28219-0229
ServicingHelp@ServicingHome.com

7 Servicing on behalf of 7 Mortgage
7 Servicing, LLC
877.386.9777
2077 Town Center Blvd. Suite 304
Knoxville, TN 37922
7mortgageservicing@7.coop
7mortgage.7servicing.com
Monday-Friday 9:00 AM-5:00 PM ET

The RoundPoint loan will show as ‘transferred’, and the 7 Servicing loan will appear in August.

Each credit bureau uses its own proprietary scoring model. The exact calculations are not shared, even with financial institutions. It is normal for credit scores to fluctuate from month to month based on several factors including credit usage. The move from RoundPoint to 7 Servicing is coded as a transfer according to industry standards.