It is not possible to apply for an America's Servicing Company (ASC) home mortgage loan because the loans offered by ASC are only intended for businesses. ASC acts as a loan modification company, which means that they reduce mortgage rates on existing loans, according to Wells Fargo.
The ACS is one of the divisions of the bank Wells Fargo. The ACS was designed for businesses that do not want to have their loans associated with the Wells Fargo name because the business is in direct competition with Wells Fargo. Utilizing a different name is an easy solution for Wells Fargo.
It is difficult to apply for a home mortgage loan, and applicants should not be discouraged if they are rejected the first time. Lenders will need to verify every single document as well as look at the applicant's past financial life in order to make a decision. Sometimes, even the best borrower will not be approved for a home mortgage loan. When applying for a home mortgage loan with another company, people will need to provide basic information for the lender such as their current address and current phone number as well as more detailed information, such as work details including salary (bring along paycheck stubs or W-2s), investment documents and tax documents, as noted by Bankrate.