Escrow and Title Companies

Note Servicing Center specializes in servicing SELLER CARRY BACK LOANS and PRIVATE FINANCING. Perhaps you are including Note Servicing and Collection in your menu of services offered as part of your Customer Service Department.

For those Escrow and Title companies offering servicing as an accommodation to your clients, let us show how you can continue to offer these benefit and at the same time INCREASE the level of service without the investment in HARDWARE, SOFTWARE, PERSONNEL, TRAINING AND TIME.

Take a look at the impressive list of routine services we provide for one low monthly fee at no additional charge.

  • Payment Processing including Coupons and envelopes to the Payor
  • Collect payments owed to the lender or seller
  • Payments are processed daily
  • Prompt deposit of funds into client account or sent wherever the client directs.
  • Monthly statements
  • Keep an accurate record of every payment made and every disbursement
  • Send delinquency and late notices
  • Balloon payment notification
  • Year end financial accounting required for IRS (1098 and 1099)
  • Monitor payments for taxes and insurance
  • Automatic (ACH) borrower payments
  • Automatic Direct Deposit to Seller/Lender account
  • Payment history upon request
  • Pay all postage and telephone calls

OTHER SERVICES

  • Impounding of Taxes and Insurance into Sellers Reserve Account.
  • Document custodial services.
  • “On Line” Account Access for Lender and Borrower 24 Hours a Day, 7 Days a Week.
  • BULK PURCHASE: The Note Servicing Center is in a position to purchase your portfolio of servicing accounts. Call us for confidential proposal for bulk purchase.
  • OUTSOURCING: Because of the “wholesale” pricing of servicing provided by the Note Servicing Center, outsourcing of your portfolio of servicing accounts, may be the answer and at the same time provide an additional profit center for your company.

Expanded Services

The Note Servicing Center offers an extensive business support system for Investors, Brokers and Lenders holding Real Estate Notes. We feel confident we can provide the note and loan services necessary to make your business even more successful. To expedite a full transfer of your loans for servicing into our proprietary software, could take as much as 2 weeks depending upon the complexity of the process. Much depends on the fields and format of the program and software you are currently using.

As a company on the “cutting edge” of technology, we may be able to integrate your present servicing portfolio easily and quickly into our system. But you can rest assured that we will do all the work to make the conversion process as seamless as possible for Investors and Borrowers.

Here are the steps:

  1. When you contact the Note Servicing Center to transfer your entire portfolio of notes into our system for servicing, we will schedule a time to visit with you about your loan servicing needs, the platform you are currently using and special needs you may have.
  2. We prepare and submit a Loan Servicing Proposal which includes information about what the Note Servicing Center is prepared to do for you to save you money, support your objectives and help you and your company move up to the next level. The proposal will be custom made to fit your needs.
  3. The Note Servicing Center does not buy or sell notes. Servicing is our only business. However we understand totally the importance of not compromising the integrity of your client base. Therefore, to protect your interest, it is our standard practice to execute a non-circumvent agreement to cover that base as part and parcel of the Servicing Agreement.
 

YOU BUILD YOUR BUSINESS — WE SAVE YOU TIME AND MONEY

WE SERVICE NATIONWIDE

If you have additional questions, please feel free to ask in the area provided below. For complete contact information click here.

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