1. What is a Form 1098?

The Form 1098 year-end Mortgage Interest Statement summarizes the payments you paid to your mortgage servicer(s). If no payments were received during the prior calendar year (or during the time we serviced the account during the prior calendar year), IRS Form 1098 will reflect a zero in box 1 (no interest paid). We send this form and the accompanying notices to ensure compliance with applicable state and federal disclosure requirements.

The IRS Form 1098 (Mortgage Interest Statement) for your mortgage or home equity account will be mailed to you by the end of January. It will be available online by logging in to your account by mid February.

If you have misplaced or do not receive your Form 1098, you may download a copy by logging in to your account beginning around mid February.

We use this box to provide information on the real estate (property) taxes and/or insurance we disbursed from your Escrow account in the reporting tax year.

Form 1099-INT is an annual tax statement provided by payers of interest income that summarizes your interest income for the tax year. Interest reported on Form 1099-INT includes interest paid on escrow (or impound) accounts related to your mortgage loan. This form is also used to report other tax items related to your interest income, such as federal tax withheld. All information provided on Form 1099-INT is reported to the Internal Revenue Service. If you didn't receive a Form 1099-INT, it's because you were paid less than $10.00 in accrued interest during the prior calendar year.

If there are multiple borrowers, both the primary borrower and co-borrower will receive a copy of Form 1099-A and Form 1099-C. The IRS will determine how the figures are then reported under borrower(s) Social Security numbers. For further information please refer to the IRS website (www.irs.gov).

If your loan transferred servicers during the prior calendar year, you'll receive statements from us and your previous servicer. If you have questions about your prior servicer's statement, please contact them.

We are the servicer of your mortgage loan. We are a subsidiary of Computershare Holdings Inc. Your year-end tax form reflects both names.

Review your payment history to see how payments were applied. Pay special attention to the effective dates of when payments were applied for the year. This could explain why the amount of interest is different than you expected.

If you had payoff interest from a short sale, check with your tax advisor to see if it's applicable and reportable. It may not be which could be the reason for the different amount.

If, after reviewing your account information, you believe a correction to the tax form is required, please submit a written request to:
  • Interfirst Mortgage Company c/o Specialized Loan Servicing
  • P.O. Box 630147
  • Littleton, CO 80163-0147

On our statement, only the gross amount of disbursements made during the prior calendar year is reflected. Refunds received from taxing authorities or insurance companies are not included. Disbursements made in the calendar year may include amounts from prior year(s) assessments.

You can verify any amounts paid for taxes and or insurance by contacting your tax authority or insurance company, or by looking at the payment history on your year-end statement.