LCU Members Transferring to 7 Servicing

Your loan number will remain the same.

7 Servicing will start accepting payments from you on 10/1/24. Your prior servicer will no longer accept payments received from you on or after 10/1/24.

If you pay by check, take your payment to any ORNL FCU branch location or send the payment with your loan number payable to ORNL FCU, 2077 Town Center Blvd. Suite 304, Knoxville, TN 37922.

If you pay using an online bill payment service through your bank or credit union, delete your prior servicer as a payee. Add 7 Servicing as your new payee using your loan number and 7 Servicing’s address: 2077 Town Center Blvd. Suite 304, Knoxville, TN 37922.

If you pay by an automated, recurring draft each month directly from your bank or credit union account (ACH), any existing ACH scheduled on or after 10/1/24 will no longer be processed by your prior servicer and will begin processing with 7 Servicing. There is no action that you need to take. The October payments will be delayed by as much as a week, but payments will be applied to the mortgage as scheduled.

If you pay through your servicer’s member site each month, your access to the site will stop on 10/1/24. Beginning 10/7/24 you will be able to access your new 7 Servicing account through ORNL FCU’s Online and Mobile Banking. If you would like to make your payment before October 7, you have several options:

Call 7 Servicing directly at 877.313.9677 with your account and routing number handy.
Bring a check to your local branch.
Mail a payment to 2077 Town Center Blvd. Suite 304, Knoxville, TN 37922.

Using ORNL FCU’s Online and Mobile Banking, your mortgage loan will appear in your list of accounts. Select Pay or View Account to open the online mortgage portal. To log in, visit db.ornlfcu.com/Authentication.

If you need to register for ORNL FCU’s Online or Mobile Banking, visit db.ornlfcu.com/registration. Have the last 7 digits of your Membership Account Number handy and use the security information of the primary account owner.

Under Federal law you have protection during the 60-day period following the effective date of the transfer of the loan servicing. An on-time loan payment received by your old servicer may not be treated by the new loan servicer, 7 Servicing on behalf of ORNL FCU, as late, and a late fee may not be imposed on you. Your prior servicer will forward those payments to 7 Servicing.

If your monthly payment currently includes escrow for taxes and/or insurance, this will continue without interruption. Your mortgagee clause on your homeowner’s insurance policy will be automatically updated after the transfer. Please be aware that you will receive two 1098 forms for tax year 2024 – one from the old servicer and one from 7 Servicing.

7 Servicing will honor any existing plan currently in place with your servicer. All payments beginning October 1 should be made to 7 Servicing.

Beginning 10/1/24, 7 Servicing on behalf of ORNL FCU will be able to assist you with any questions related to your loan and the transfer of servicing. If you have any questions regarding this transfer prior to 10/1/24, please contact your old servicer.

Please note: October 1-6 is a transition period for your mortgage loan details. Our team will will have full access to your information beginning October 7.

7 Servicing on behalf of ORNL Federal Credit Union
7 Servicing, LLC
877.313.9677
2077 Town Center Blvd. Suite 304
Knoxville, TN 37922
ornlfcu.7servicing.com
Monday-Friday 9:00 AM-5:00 PM ET

The prior servicer loan will show as ‘transferred’, and the 7 Servicing loan will appear in November.

Each credit bureau uses its own proprietary scoring model. The exact calculations are not shared, even with financial institutions. It is normal for credit scores to fluctuate from month to month based on several factors including credit usage. The move to 7 Servicing is coded as a transfer according to industry standards.