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8.20.5 Split Premium Mortgage Insurance
PHH will purchase loans with split premium MI with evidence of up front portion of premium paid.

Resources > FAQ > CHAPTER-8-FILE-DELIVERY > 8-20-1-State-of-New-York > 8-20-5-Split-Premium-Mortgage-Insurance

8.20.6 Mortgagee Clause for MI Certificate

PHH Mortgage
Its successors and/or Assigns ATIMA
Attn: Mortgage Insurance Department, SV Stop-16
1661 Worthington Rd, Ste 100
West Palm Beach, FL 33409

Resources > FAQ > CHAPTER-8-FILE-DELIVERY > 8-20-1-State-of-New-York > 8-20-6-Mortgagee-Clause-for-MI-Certificate

8.21 Tax Information Sheet
PHH requires a complete and accurate Tax Information Sheet in each Loan File purchased, whether an escrow account is set up or not. The following information must be included:
  • Borrower name and property address (match closing documents...

Resources > FAQ > CHAPTER-8-FILE-DELIVERY > 8-21-1-Unimproved-Taxes-for-New-Construction > 8-21-Tax-Information-Sheet

8.21.1 Unimproved Taxes for New Construction
Initial taxes on new construction homes rarely reflect an accurate tax assessment. Typically, the initial taxes are based upon unimproved or partially improved land. The discrepancy between the initial tax year assessment and the following tax year...

Resources > FAQ > CHAPTER-8-FILE-DELIVERY > 8-21-1-Unimproved-Taxes-for-New-Construction > 8-21-1-Unimproved-Taxes-for-New-Construction

8.21.2 Tax Authorization Form/Tax Option Letter
PHH requires a Tax Authorization Form in the following states:
  • New Jersey
  • New York
  • Illinois
PHH requires a Tax Option Letter in the following state, when a tax escrow account is...

Resources > FAQ > CHAPTER-8-FILE-DELIVERY > 8-21-1-Unimproved-Taxes-for-New-Construction > 8-21-2-Tax-Authorization-Form-Tax-Option-Letter