PennyMac Mortgagee Clause

PennyMac Loan Services LLC
Its Successors and/or Assigns
PO Box 6618
Springfield OH 45501-6618
PennyMac mortgagee clause address
for hazard and flood insurance policies

Listed for reference only

FAQs: PennyMac Mortgagee Clause

  1. What is a mortgagee clause?

    A mortgagee clause is a provision in a mortgage agreement that identifies the lender as the owner if the borrower does not perform.


  2. Why is the mortgagee clause important?

    It creates lender protections in concise statements that are easily noted on title and insurance documents.

    It ensures the lender is notified of changes to insurance or ownership, and protects the bank's claim on the property until the loan is paid.


  3. What is PennyMac's mortgagee clause?

    PennyMac Loan Services LLC
    Its Successors and/or Assigns
    PO Box 6618
    Springfield OH 45501-6618


  4. What is ISAOA?

    The initials I.S.A.O.A. stand for: Its Successors And/Or Assigns.

    It means that if a mortgage company transfers a loan to another lender, then the claim on the property continues and transfers to the new lender until the loan is paid.


  5. Can the mortgagee clause change?

    It's uncommon, but mortgagee clauses can change under certain circumstances, such as loan servicing transfers or refinancing.

    Always verify the current mortgagee clause with PennyMac to ensure accuracy.


  6. What should I do if I need to update my mortgagee clause?

    Contact your insurance provider and request a correction on the homeowners policy along with a verification that PennyMac received the necessary documentation.


  7. Is there a specific format for PennyMac's mortgagee clause?

    PennyMac requires the lender protection, ISAOA, written in full as: Its Successors and/or Assigns.


  8. What if I have additional questions?

    Find PennyMac's phone number on the mortgagee clause list.