Taylor, Bean & Whitaker Mortgage Corp. Announces Customer Payment Options

(BUSINESS WIRE)--Taylor, Bean & Whitaker Mortgage Corp. (TBW), following up on its August 5, 2009, announcement that it has officially ceased a majority of its operations, is notifying its customers of payment options for their mortgages.

TBW stated that it is unable to either offer an online payment option or automatic payment deductions for its home mortgage customers. The company said no automatic debit payments have been made since August 4, 2009.

For those reasons, customers are being asked to submit payments by mail directly to TBW. The address is: Taylor, Bean & Whitaker Mortgage Corp., Attn: Cashiering, 1417 N. Magnolia Ave., Ocala, FL 34475.

The company notified its customers that they should include loan numbers on their checks, as well as any special payment instructions, such as additional payments to principal or escrow.

“If you have recently received notification that your loan was transferred to a new servicer, please disregard these payment instructions and follow the instructions outlined in the transfer notice,” the company said.

Although TBW officially ceased a majority of its operations on August 5, it will continue functioning in a reduced capacity until all loans have been transitioned to new servicers.

“We apologize for any inconvenience this has caused our valued customers,” the company said.

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