Please send a written request to the Loan Servicing Department with proof of your correct social security number. Acceptable proof includes a copy of your social security card, passport, or other government issued identification.
Mailing Address:
Amalgamated Bank
Loan Servicing Department
275 Seventh Avenue
New York, NY 10001
You can fax, email or mail your tax bill. Please include your loan number.
Fax: 212-895-4522
Email: Loanops@amalgamatedbank.com
Mail:
Amalgamated Bank
Loan Servicing Department
275 Seventh Avenue
New York, NY 10001
Since we service your existing mortgage, we are well positioned to assist you with a new mortgage. You may apply in person, online or over the phone.
- To apply in person, please visit your local Amalgamated Bank branch.
- To apply online, visit our website at www.amalgamatedbank.com.
- To apply over the phone, call us at 866-280-7435.
The interest on your loan is paid in arrears and accrues daily. Interest is calculated on your loan up to the payoff date. Any additional fees will also be included in your payoff amount.
Yes, if you have authorized us to debit your account for monthly payment, you can authorize us to add a fixed monthly additional principal.
If you are paying via our online banking system, once you have satisfied the regular payment amount, you can then add additional principal in the additional principal field. Please note that if your regular payment has not been satisfied, additional principal will be applied to reducing your principal balance, however, your regular payment will not be satisfied and late charges will apply and your credit standing may be affected.
To obtain a pay off quote, please send a written request by mail or email. Please include your loan number along with the expected date of payoff.
Email: Loanops@amalgamatedbank.com
Mailing Address:
Amalgamated Bank
Loan Servicing Department
275 Seventh Avenue
New York, NY 10001
| Amortization Schedule | $10.00 |
| Copy of Loan Documents | $10.00 |
| Demand (Payoff) Statement Fee after 5th request in the same year | $30.00 |
| On-demand Escrow Re - Analysis | $20.00 |
| Lien Release (Property outside of NY) | Subject to attorney’s fees |
| Loan History | $10.00 |
| Priority Statement Fee Overnight Mailing Fee | $20.00 |
| Returned Check Fee | $25.00 |
| Verification of Mortgage | $15.00 |
| Copy of Original Settlement Documents | $10.00 |
| Mortgage Satisfaction Preparation Fee | $80.00 |
| Mortgage Satisfaction Recording Fee | Determined by jurisdiction |
You can order a 12-month history by calling the Mortgage Servicing Team at 800-332-2669 or by emailing us at: Loanops@amalgamatedbank.com.
You must send an original death certificate to:
Mailing Address:
Amalgamated Bank
Loan Servicing Department
275 Seventh Avenue
New York, NY 10001
Please send a written request along with a $10.00 check payable to Amalgamated Bank to the following address:
Mailing Address:
Amalgamated Bank
Loan Servicing Department
275 Seventh Avenue
New York, NY 10001
Once the check along with the written request is received your documents will be processed for mailing.
You will need to send us a copy of your Marriage License/Divorce Decree by mail.
Mailing Address:
Amalgamated Bank
Loan Servicing Department
275 Seventh Avenue
New York, NY 10001
Year-end statements are mailed by January 31st. To obtain an additional copy please contact our Loan Servicing Team at 800-332-2669.
To update the mailing address on your loan account, please provide us with the new mailing address and your loan number.
Email: Loanops@amalgamatedbank.com
Phone: 212-895-4522
Mailing Address:
Amalgamated Bank
Loan Servicing Department
275 Seventh Avenue
New York, NY 10001
One of the most common reasons why your monthly payment might increase would be a change in the monthly escrow portion of your payment. This could be caused by an increase in your local property taxes, or an increase in the cost of your homeowner’s insurance policy. Your real estate taxes may be different as a result of property being reassessed, the tax rate changing or the loss of a tax exemption. Unexpected tax bills for special assessments charged by your local tax authority will also impact the amount we collect for taxes. Please contact your local taxing authority for any changes to your real estate taxes. Your insurance premium may change as a result of changes to the type or extent of your insurance coverage or if your rate was changed. Please contact your insurance agent for any questions regarding any changes to your Insurance.
If your loan is less than one (1) year old, the amount collected for taxes and insurance at closing may not have been sufficient to cover the required disbursements.
If you have a variable rate loan, the rate is subject to change and the payment may increase.
Please contact our Loan Servicing Team at 800-332-2669.
Protecting your good credit rating is important. Set up automatic payments through us from your checking or savings account. Please call or email us so that we can send an authorization form.
Email: Loanops@amalgamatedbank.com
Phone: 800-332-2669
You can also setup your own recurring payments through the Amalgamated Online Banking system.
No, however review your loan document for the allowable grace period.
If we disbursed an amount higher than estimated for any escrow item, generally a shortage is created. The amount of the shortage has been divided by 12 monthly payments and added to your future payments.
To drop your PMI, you will need to send a written request via fax or mail to the address below. Once we receive your request, you will receive written notification of your eligibility, along with other application information.
Fax: 212-895-4522, Attn: Loan Servicing
Mail:
Amalgamated Bank
Loan Servicing Department
275 Seventh Avenue
New York, NY 10001
At least once a year, we perform a review of your escrow account in order to determine if the escrow portion of your monthly mortgage payment is sufficient to cover the annual requirements for your real estate taxes and/or insurance premiums. We are required under the Real Estate Settlement Procedures Act (RESPA) to disclose to you in an Escrow Account Analysis the results of this review and its effect on your monthly mortgage payment.
There are several options for payments.
- Payments can be made at any of our branch locations
- Effective February 1, 2018, payments can be mailed to our new lockbox
Amalgamated Bank Loans
P.O. Box 68090
Newark, NJ 07101-8087
- Consumer and residential mortgage payments can also be made through the Amalgamated Online Banking system
- Direct ACH debits can be setup by contacting us at 800-332-2669
Under Federal law, we are allowed to maintain a minimum balance or cushion of funds in your escrow account. We use this cushion as a safeguard in the event that your real estate taxes and/or insurance premiums increase. Unless your state law or your mortgage contract specifies a lower amount, your escrow account minimum balance is equal to two months escrow payments for your real estate taxes and insurance.
Please send a written request to us via fax or mail per below stating exactly how you would like to change your escrow account. The escrow team will review your eligibility and respond to your inquiry.
Fax: 212-895-4522
Mailing Address:
Amalgamated Bank
Loan Servicing Department
275 Seventh Avenue
New York, NY 10001
You will need to fax, email or mail a written request to add an escrow account.
Fax: 212-895-4522
Email: Loanops@amalgamatedbank.com
Mailing Address:
Amalgamated Bank
Loan Servicing Department
275 Seventh Avenue
New York, NY 10001
Please contact our Loan Servicing Team at 800-332-2669 or by emailing us at: Loanops@amalgamatedbank.com to notify us of the change. Your new insurance agent must provide us with a copy of the new policy along with your signed authorization to accept the new company. It is your responsibility to cancel your old insurance policy. If the change of insurance is not made on the policy renewal date, you must pay the full year’s premium. If the change is made on the renewal date, please notify us 30 days prior to the renewal. Remember to provide your new insurance company with the loan number.
Mailing Address:
Allied Solutions
PO Box 4145
Carmel, IN 46082
Our tax service provides us with tax billing information for your property. You may keep the paper copies of bills for your reference. However, if you receive an added assessment, supplemental or corrected bill, you should send them to us for payment. These bills are mailed directly to the homeowner and are not provided to the tax service. Original added assessment and any supplemental or corrected bills should be sent to us at:
Amalgamated Bank
Loan Servicing Department
275 Seventh Avenue
New York, NY 10001
Please note that any bills due within sixty (60) days of your loan settlement date should have been paid as part of your closing.
