How can I find out who owns my mortgage?

Homeowners may think they know who owns their home loan, but finding out is a little more complicated than simply naming your loan servicer.

When you apply for a home loan with a mortgage banker or mortgage broker and go to settlement, you will typically sign mortgage loan papers that list the name of a bank or credit union. It would be natural to assume your mortgage loan is owned by the financial institution listed on your settlement statement. However, many home loans are sold individually to other mortgage lenders or in a package with other loans in a mortgage-backed security.

How to find out who owns your mortgage

Most homeowners do not necessarily need to know who owns their home loan until they have a problem, such as needing to renegotiate the loan terms for a modification, refinance or arrange a short sale. Under most circumstances, borrowers have a relationship with the mortgage servicer -- the institution that collects the monthly payments -- who may or may not be the owner of the loan. Some financial institutions keep mortgage loans within their own portfolio, while others sell the loan to other institutions or to investors.

The simplest step to take to determine who owns your mortgage loan is to contact your loan servicer. There should be a contact phone number on your mortgage statement or the lender's website. In some cases, the servicer will tell you who owns your loan, but sometimes the servicer may not know the name (or names) of the investor that owns your mortgage loan or is prohibited from giving out that information.

Fannie Mae and Freddie Mac own many mortgage loans, and each agency has a loan look-up function on its website.

If you are experiencing any difficulty making your mortgage payments or have other questions about your mortgage, you should start by contacting your loan servicer.

Michele Lerner contributed to this answer.

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Keith Gumbinger
Keith Gumbinger
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Vice President, HSH.com
About Keith: Mortgage market observer and analyst with 35 years experience... (more)
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