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The Nationstar Contributor Application form serves as a critical tool for households looking to include additional income sources during the mortgage modification process. This application is specifically designed for individuals residing at a property who are not named borrowers on the mortgage yet contribute to the overall household income. It encompasses several essential components, starting with the Contributor Package, which must be submitted along with relevant supporting documentation. This package includes a Contributor Application, an Income/Expenses worksheet, a Contributor Form with a signature page, and IRS Form 4506-T or 4506T-EZ. To facilitate a thorough review, it's mandatory that participants provide details such as residency status, financial assets, and a comprehensive breakdown of income and expenses. Submissions can be made via mail, fax, or phone, ensuring multiple avenues for applicants to access the necessary assistance. Claiming valid contributor income is essential for exploring potential foreclosure prevention options, as the information provided will directly influence the evaluation of the assistance available. Every applicant must carefully complete the package, sign where required, and include all requisite data for a successful review. Understanding the structure and requirements of this application is key to maximizing the chances of securing mortgage relief.

Nationstar Contributor Application Example

The Contributor Package is to be used for any contributor who currently resides at your property address, is not a borrower on the loan, but who contributes to the household income and you are requesting their income to be used in the modification review process. In order to consider contributor income for foreclosure prevention options, this package and required supporting documentation must be returned.

I. Contributor Package

The Contributor Package will provide all the necessary information about the contributor that is required for us to evaluate you for assistance, including:

•Contributor Application

•Income/Expenses for contributor

•Contributor Form/Signature Page (must be signed and dated)

•Supporting Documentation

•IRS Form 4506-T or 4506T-EZ

Send Us the Information We Need to Help You

To document the contributions being received, please complete and submit the Contributor Package via the following methods:

By mail: Nationstar Mortgage LLC

Attn: Making Home Affordable Loan Modification Processing Unit P.O. Box 630268

Irving, TX 75063

By fax: 1-214-488-1993

If you require to speak to a Customer Relations Representative, please call the below number: By phone: 1-888-488-2432

Sincerely,

Nationstar Mortgage

CONTRIBUTOR APPLICATION

The contributor must complete and submit this form along with other required documentation for contribution income to be considered in the review for foreclosure prevention options. On this form, you must disclose information about (1) you and your residency status; (2) information about your income, expenses and financial assets (3) and information about the mortgage(s) or other single family real estate that you own. Finally, you will need to return the completed package to Nationstar, signed and dated; along with (2) a completed and signed IRS Form 4506-T or 4506T-EZ; and (3) all required income documentation.

On Page 2 you must disclose information about all of your income, expenses and assets. Page 2 also lists the required income documentation that you must submit in support of your contributor application.

 

LOAN NUMBER

__________________________________________

 

 

 

Property Address Contributing to:

________________________________________________________________________

 

I currently:

reside and intend to continue to reside in this property

 

 

 

 

live in a property other than this property

 

 

 

 

The property is currently:

Primary Residence

A second Home

An Investment Property

 

 

 

 

 

 

 

 

CONTRIBUTOR

CONTRIBUTOR #2

 

CONTRIBUTOR'S NAME

 

CONTRIBUTOR'S NAME

 

 

 

 

 

 

 

 

 

SOCIAL SECURITY NUMBER

 

DATE OF BIRTH

SOCIAL SECURITY NUMBER

 

DATE OF BIRTH

 

 

 

 

 

 

 

HOME PHONE NUMBER WITH AREA CODE

 

HOME PHONE NUMBER WITH AREA CODE

 

 

 

 

 

CELL OR WORK NUMBER WITH AREA CODE

 

CELL OR WORK NUMBER WITH AREA CODE

 

 

 

 

 

 

 

 

MAILING ADDRESS

PROPERTY ADDRESS (IF SAME AS MAILING ADDRESS, JUST WRITE SAME)

EMAIL ADDRESS

 

 

PAGE 1 OF 3

INCOME & EXPENSES WORKSHEET

All Contributor Monthly Income Sources

 

 

 

 

(Documentation is required to support

Monthly Contributor Expenses/Debt

Contributor Assets

contibution amount)

 

 

 

 

 

 

 

 

 

 

Monthly Gross Wages

$

Other Mortgages***

$

Checking Account(s)

$

Overtime

$

Other Home Insurance***

$

Checking Account(s)

$

 

 

HOA/Condo Fees

 

Savings / Money Market

$

Self-employed Income

$

(Documentation

$

CDs

$

 

 

Required)***

 

Unemployment Income

$

Alimony, Child Support

$

Stocks/Bonds

$

payments**

Other Cash on Hand

$

 

 

 

 

 

 

 

Untaxed Social Security /

 

Credit Cards/ Installment

 

Other Real Estate

$

$

Loan(s) (total minimum

$

SSD

 

$

 

payments per month)

 

 

 

 

 

 

 

 

 

 

 

$

Food Stamps/Welfare

$

Property Taxes***

$

 

$

Taxable Social Security

 

 

 

 

 

or Retirement Income

$

Car Payments

$

 

$

Child Support /

 

Auto Insurance

$

 

$

Alimony**

$

Utilities

$

 

$

 

 

Tips, commissions,

 

 

 

 

 

bonus, and overtime

$

Cable

$

 

$

Gross Rents Received***

$

 

$

 

$

Other_______________

$

Other_________________

$

Other________________

$

Total(Gross Income)

$

Total Debt/Expenses

$

Total Assets:

$

** Notice: Alimony, child support, or separate maintenance income need not be revealed if you do not choose to have it considered for repaying this loan.

*** Include rental income / expenses received from all properties you own EXCEPT a property for which you are contributing to in this Section.

 

Contribution Amount:

 

 

 

I contribute the following income to the expenses of the household and towards the mortgage payments each month and will

continue to do so for the foreseeable future (Check one):

 

 

________ 100% of my income

 

_________ Other Amount

 

 

 

 

 

 

Do you earn a wage?

Are you self-employed?

For each contributor who is a salaried employee or hourly wage earner,

For each contributor who receives self-employed income, provide your

provide the most recent pay stub(s) that reflects

 

most recent signed and dated quarterly or year-to date profit and loss

at least 30 days of year-to-date income.

 

statement.

 

 

 

 

 

 

IRS Forms:

 

 

 

 

 

 

 

 

Include a signed IRS Form 4506-T or 4506T-EZ

 

 

 

“Other Earned Income” such as bonuses, commissions, housing allowance, tips, or overtime:

 

Reliable third-party documentation describing the amount and nature of the income (e.g., employment contract or printouts

 

 

documenting tip income).

 

 

 

 

 

 

Social Security, disability or death benefits, pension, public assistance, or adoption assistance:

Documentation showing the amount and frequency of the benefits, such as letters, exhibits, disability policy or benefits

statement from the provider, and

 

 

 

Documentation showing the receipt of payment, such as copies of the two most recent bank statements showing deposit

 

amounts.

 

 

 

 

 

 

Rental income: Provide your most recent Federal Tax return with all schedules, including Schedule E and

a copy of the current lease agreement with either two (2) months bank statements or cancelled rent checks demonstrating

 

 

receipt of rent.

 

 

 

 

 

 

 

 

Investment income:

 

 

 

 

 

 

 

 

Copies of the two most recent investment statements or bank statements supporting receipt of this income.

 

Alimony, child support, or separation maintenance payments as qualifying income:*

 

 

Copy of divorce decree, separation agreement, or other written legal agreement filed with a court, or court decree that states

the amount of the alimony, child support, or separation maintenance payments and the period of time over which the

payments will be received, and

 

 

 

 

 

 

 

 

Copies of your two most recent bank statements or other third-party documents showing receipt of payment.

 

*Notice: Alimony, child support, or separate maintenance income need not be revealed if you do not choose to have it

 

considered for repaying this loan.

 

 

PAGE 2 OF 3

CONTRIBUTOR FORM

Contributor Acknowledgement and Agreement

1I certify that all of the information in this Contributor Package is truthful.

2I understand and acknowledge that the Servicer, the U.S. Department of the Treasury, the owner or guarantor of the mortgage loan, or their respective agents may investigate the accuracy of my statements, may require me to provide additional supporting documentation and that knowingly submitting false information may violate Federal and other applicable law.

3Although I am not a borrower on the loan for which modification assistance is requested, I currently occupy the property encumbered by the mortgage/deed of trust and agree that my income will be considered in the borrower’s request to obtain modification assistance.

4I authorize and give permission to the Servicer, the U.S. Department of the Treasury, and their respective agents, to pull my credit report to verify occupancy status.

5I certify that the residence I am contributing to is a habitable residential property that is not subject to a condemnation notice.

6I certify that I am willing to provide all requested documents and to respond to all Servicer communications in a timely manner. I understand that time is of the essence.

7I understand that the Servicer will use this information to evaluate the borrower for available relief options and foreclosure alternatives, but the Servicer is not obligated to offer assistance based solely on the representations in this document or other documentation submitted in connection with the request.

8I understand that the Servicer will collect and record personal information that I submit in this contributor package during the evaluation process, including, but not limited to, my name, address, telephone number, social security number, credit score, income, payment history, and information about my account balances and activity. I understand and consent to the Servicer’s disclosure of my personal information and the terms of any relief or foreclosure alternative that I receive to any investor, insurer, guarantor, or servicer that owns, insures, guarantees, or services my first lien or subordinate lien (if applicable) mortgage loan(s) or to any HUD-certified housing counselor.

9I consent to being contacted concerning this request for mortgage assistance at any e-mail address or cellular or mobile telephone number I have provided to the Servicer. This includes text messages and telephone calls to my cellular or mobile telephone.

The undersigned certifies under penalty of perjury that all statements in this document are true and correct.

_____________________________

_____________________

_______________________________ ___________

Contributor Signature

Social Security Number

Date of Birth

Date

_____________________________

_____________________

_______________________________ ___________

Contributor #2 Signature

Social Security Number

Date of Birth

Date
Get Nationstar Contributor Application PDF Form

Form Characteristics

Fact Name Description
Eligibility for Contribution The Contributor Application is specifically for individuals who currently reside at the property, are not borrowers on the loan, but contribute to the household income. This inclusion is essential for considerations related to foreclosure prevention options.
Required Documentation To evaluate a contributor's income, a complete Contributor Package must be submitted, which includes the Contributor Application, income and expenses information, supporting documentation, and a signed IRS Form 4506-T or 4506T-EZ.
Submission Methods Contributors can submit the required information by mail to Nationstar Mortgage LLC or by fax. They also have the option to contact customer service for assistance.
Legal Considerations While the Contributor Application provides crucial information, contributors must certify the accuracy of their submissions. False information could result in violations of federal and state laws, affecting eligibility for assistance.

Guidelines on Utilizing Nationstar Contributor Application

Before submitting the Nationstar Contributor Application form, ensure you have completed all sections accurately and gathered the required supporting documents. The following steps guide you through filling out the form efficiently.

  1. Obtain the Nationstar Contributor Application form and read all instructions carefully.
  2. Fill in the Loan Number and Property Address on the top of Page 1.
  3. Select your current residency status by checking the appropriate box.
  4. Indicate the type of property on the next set of options.
  5. Enter the Contributor's name and Social Security number in the designated fields.
  6. Provide the Contributor's date of birth, home phone number, and cell or work number as required.
  7. Include the Contributor's mailing address and email address.
  8. Complete the Income & Expenses Worksheet on Page 2 by documenting all monthly income sources and expenses.
  9. Calculate and write down the Total Gross Income, Total Debt/Expenses, and Total Assets.
  10. Indicate the contribution amount to the household expenses each month.
  11. For salaried or hourly wage earners, gather the most recent pay stubs and keep them ready for submission.
  12. For self-employed individuals, prepare a signed and dated profit and loss statement.
  13. Gather required documentation based on the income sources listed on Page 2, such as IRS Forms and bank statements.
  14. Sign the Contributor Acknowledgement and Agreement section, ensuring accuracy in all provided information.
  15. If applicable, have Contributor #2 fill out their details and sign in the designated area.
  16. Review the completed application package for accuracy and completeness.
  17. Submit the application and supporting documents either by mail or fax to Nationstar Mortgage.

After submission, keep a copy of the completed form and all documents for your records. Stay in touch with Nationstar for any updates or further requirements regarding your application.

What You Should Know About This Form

What is the purpose of the Nationstar Contributor Application form?

The Nationstar Contributor Application form is designed for individuals who contribute to a household's income but are not borrowers on the loan. It allows the primary borrower to include this contributor's income during the modification review process for foreclosure prevention options. By submitting this form along with supporting documentation, the contributor's financial details can be evaluated to assist in the potential modification of the mortgage loan.

What documentation is required when submitting the Contributor Application?

When submitting the Contributor Application, several documents must be included. These documents consist of the completed Contributor Application, an Income/Expenses Worksheet, a signed Contributor Form or Signature Page, and necessary supporting documentation. Additionally, an IRS Form 4506-T or 4506T-EZ is required to facilitate access to tax information. All information submitted must be truthful and complete, as it will be used to assess eligibility for assistance.

How can contributors send their application and supporting documents?

Contributors have a couple of options for sending their application and supporting documents. They may choose to mail it to Nationstar Mortgage LLC at the specified address in Irving, TX. Alternatively, documents can be sent via fax at the provided fax number, 1-214-488-1993. If needed, contributors can contact a Customer Relations Representative by calling 1-888-488-2432 for assistance.

What information must a contributor disclose on the application?

A contributor must provide information about their residency status, personal income, expenses, and any financial assets they possess. The application also requires details about any mortgage or real estate owned by the contributor. Page 2 of the application specifically outlines the income, expenses, and asset disclosure requirements, ensuring that all relevant financial information is captured for review.

What happens if the information submitted in the application is found to be inaccurate?

If any information submitted in the Contributor Application is found to be inaccurate or misleading, it may result in serious consequences. The Servicer and relevant authorities have the right to investigate the accuracy of provided statements. Knowingly submitting false information may violate federal laws, leading to potential legal repercussions. Contributors must ensure that all details are truthful and complete to avoid any issues during the evaluation process.

Common mistakes

Filling out the Nationstar Contributor Application form is a crucial step for those seeking assistance with foreclosure prevention. Unfortunately, many applicants make common mistakes that can delay or hinder the process. Here are ten mistakes to avoid when completing the form.

One significant error is not signing and dating the Contributor Form/Signature Page. This document serves as a certification of the accuracy of your information. Without a signature, the application may be considered incomplete, leading to potential rejections. Always ensure to sign and date all required documents.

Another common mistake is failing to include the IRS Form 4506-T or 4506-T EZ. This form grants permission to obtain your tax return information, which is crucial for verifying income. Neglecting to submit this form may result in a delayed response, as the evaluation process cannot proceed without it.

Many applicants also underestimate the importance of complete and accurate income documentation. Missing documents or incomplete income details can lead to misunderstandings or the inability to verify the claimed income. Be thorough, and provide all necessary supporting documentation as outlined in the application guidelines.

Some applicants mistakenly assume they can report only partial income. It’s essential to disclose all income sources, even if it’s not regular or significant. Omitting information about income may raise red flags and hinder the review process.

Additionally, a lack of clarity in the information provided can create confusion. Use consistent terminology and ensure that the income and expense figures are clearly labeled and easy to follow. Clear presentation aids evaluators in processing the application more efficiently.

Another common pitfall is failing to disclose all relevant financial assets. This includes checking accounts, savings, investment accounts, and real estate. Not providing a complete picture of one’s financial situation can negatively impact the evaluation process.

Applicants sometimes forget to clarify their residency status. It's vital to note whether the contributor resides at the property in question or if they live elsewhere. This distinction plays a critical role in how the application is assessed.

Moreover, not responding to any follow-up communications promptly can also derail the application process. Keeping communication channels open and responding quickly to requests for additional information is crucial to keep your application moving forward.

Lastly, overlooking the guidelines for documenting rental income can be a costly mistake. Ensure that all stipulations regarding documenting rental income are followed strictly. Missing this documentation can result in the loss of potential eligibility for assistance.

By avoiding these mistakes, applicants can enhance their chances of a successful application. It’s essential to approach the process systematically and ensure all forms and documents are completed accurately and thoroughly. Doing so can lead to an expedited review and potentially favorable outcomes in foreclosure prevention efforts.

Documents used along the form

The Nationstar Contributor Application form is a critical piece in the process of securing assistance for mortgage issues, particularly when considering foreclosure alternatives. To ensure a thorough review, several supporting documents must accompany this application. Below is a list of other forms and documents that are often required, along with brief descriptions of each.

  • IRS Form 4506-T or 4506T-EZ: This form allows the lender to access a transcript of the contributor's tax return from the IRS. This is essential for verifying income information disclosed in the application.
  • Income and Expenses Worksheet: This worksheet details the contributor's monthly income sources, expenses, and debts. It captures all financial contributions toward the household's mortgage, making it crucial for accurate evaluations.
  • Proof of Income Documentation: This can include recent pay stubs, employment contracts, or bank statements. Such documentation supports the income claims made in the Contributor Application.
  • Contributor Form/Signature Page: This page must be signed and dated by the contributor, affirming the truthfulness of the provided information and consenting to the review process.
  • Current Housing Insurance Policy: A copy of the property’s current insurance policy may be required. This shows that the residence is adequately covered in case of loss or damage.
  • Lease Agreements for Rental Properties: If the contributor owns rental properties, any current lease agreements and documentation demonstrating rental income may be necessary to assess financial contributions accurately.
  • Bank Statements: The two most recent bank statements can help verify income deposits and overall financial health, providing a clearer picture of the contributor's capabilities.

Collecting these documents promptly is essential to ensure a smooth application process. Every piece of information serves a purpose and facilitates a more comprehensive review, increasing the likelihood of receiving the necessary support.

Similar forms

The Nationstar Contributor Application form serves as a critical tool in the process of evaluating household income for those seeking assistance in mortgage modification. It bears similarities to several other documents that are used in related financial and legal contexts. Here’s a look at four such documents:

  • Loan Application Form: Much like the Contributor Application, a loan application form requires detailed personal and financial information from an individual applying for a mortgage. Both forms request data about residency status, income, expenses, and financial assets to assess eligibility for financial assistance or loans.
  • Income Verification Form: Similar to the Contributor Application, an income verification form aims to document a person's income sources and amounts. Both forms necessitate supporting documentation to validate claims about income, whether from employment or other sources, ensuring accuracy in the review process.
  • Debt-to-Income Ratio (DTI) Worksheet: A DTI worksheet is used to evaluate a person's monthly debt payments against their monthly income, helping to determine how much debt they can afford. Like the Contributor Application, it requires detailed information about income and expenses, assisting lenders in making informed decisions about risk and eligibility.
  • Tax Return Documentation: Just as the Contributor Application calls for IRS Forms 4506-T or 4506T-EZ, tax return documentation is also essential for verifying income. Both require the submission of tax information to support income claims, providing a clear financial picture for evaluation in modification or loan assistance applications.

Each of these documents plays a significant role in the financial decision-making process, ensuring that individuals seeking assistance have their applications accurately reviewed based on comprehensive and truthful information.

Dos and Don'ts

When completing the Nationstar Contributor Application form, it is crucial to follow certain guidelines to ensure a smooth submission process. Below is a list of nine things you should and shouldn't do:

  • DO provide accurate and truthful information throughout the application.
  • DO sign and date the Contributor Form/Signature Page.
  • DO include all required documentation, such as IRS Form 4506-T or 4506T-EZ.
  • DO ensure that your income and expenses are clearly documented to support your application.
  • DO send the completed application either by mail or fax to the provided addresses.
  • DON'T assume that verbal information will suffice; everything must be documented in writing.
  • DON'T neglect to check that all required fields are filled out completely before submitting.
  • DON'T provide false information, as this may lead to legal consequences or denial of assistance.
  • DON'T forget to keep copies of all submitted documents for your records.

By adhering to these guidelines, you can contribute effectively to the modification review process and improve your chances of successful assistance.

Misconceptions

  • Only borrowers need to fill out the Contributor Application. This is a common misconception. In fact, anyone who resides at the property and contributes to the household income must fill out the application, even if they are not a borrower on the loan.
  • All contributions are automatically accepted. This is incorrect. The contributions will only be considered if the entire Contributor Package is completed accurately and submitted with the required supporting documentation.
  • The form does not require supporting documentation. Many believe the application can be submitted alone. However, supporting documentation is essential to verify the income and contributions asserted in the form.
  • The Contributor Package is optional. This is a misunderstanding. The Contributor Package is a necessary part of the review process for foreclosure prevention options. Without it, contributions cannot be considered.
  • Only income from employment must be disclosed. This is misleading. All sources of income—including unemployment, alimony, and rental income—must be disclosed to assess the full economic picture.
  • Completing the Contributor Application guarantees mortgage assistance. This belief is false. While submitting the application is a step towards seeking help, it does not guarantee assistance, as each case is evaluated on its merits.

Key takeaways

The Nationstar Contributor Application form is a critical tool for those who wish to have their income considered in the modification review process. Here are some key takeaways to guide you through filling out and using this form effectively:

  • Complete All Necessary Documentation: The Contributor Package requires several important documents, including the Contributor Application, an Income/Expenses worksheet, and signed IRS Form 4506-T or 4506T-EZ. Make sure to gather all these documents to avoid delays in your application.
  • Accurate and Honest Disclosure: It’s crucial to provide truthful information about your income, expenses, and residency status. Any inaccuracies can result in complications or potential legal issues during the review process.
  • Submission Methods: You can send your completed Contributor Package via mail or fax. Make sure to send it to the correct address—Nationstar Mortgage LLC, Attn: Making Home Affordable Loan Modification Processing Unit, P.O. Box 630268, Irving, TX 75063. If you prefer to fax, the number is 1-214-488-1993.
  • Follow Up as Needed: After submitting your application, it may be beneficial to call Nationstar’s Customer Relations at 1-888-488-2432. This will allow you to confirm your submission was received and inquire about the next steps in the process.

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