Our company, Note Servicing Center Inc., was created 26 years ago to support the cash flow industry by servicing all types of cash flows - regardless of how "over the top" they may be. We have grown with the Cash Flow Industry by servicing [...]
In mortgage servicing, the term "fractionalization" refers to the splitting of a single loan into multiple loans, each of which is then sold to a different investor. This practice can create opportunities for servicers, but it also poses some risks.
Fractionalization can be used to create custom loan portfolios that meet the specific needs of investors. For example, an investor who is looking for a higher return on investment may be willing to accept a higher interest rate, while an investor who is more risk-averse may be willing to accept a lower interest rate.
However, fractionalization can also lead to problems if not done carefully. For example, if the different loans are not properly monitored, it can be difficult to identify and correct issues if they arise. Additionally, if the loans are not properly diversified, the failure of one loan could have a ripple effect and lead to the failure of other loans in the portfolio.
As a result, it is important for servicers to carefully consider the risks and opportunities associated with fractionalization before implementing this strategy.
When it comes to private mortgage loan servicing, due diligence is key. That's why Noteservicingcenter.com encourages its clients to be thorough in their research and to never take shortcuts. It's better to be safe than sorry, and taking the time to do things right the first time will save you a lot of headaches down the road.
Every business has to market themselves, but it's not always easy to come up with new and innovative ideas. Sometimes, the best way to market your company is to simply have the right attitude. Be positive and open to new opportunities, and you may find that success comes your way without much effort. This was the case for Thomas Standen Sr., who started a mortgage loan servicing company. He had the right attitude, and was open to new opportunities, which led to success.
Recently, while performing our duties as a servicing agent for promissory notes and contracts, we have noticed a proliferation of transactions involving; taking title to property "subject to" an existing loan, all inclusive notes wrapping around an existing note and Contracts of Sale (sometimes [...]
Last summer we had gophers up the "gump stump" terrorizing annual flowerbeds, perennials, shrubs and our new turf. Actually destroying everything green and living in, on and under the ground. Our defense included high impact bombs, guided underground missiles, gopher gassers, laser beams and [...]
It is no secret to anyone who has been in the real estate business or financial market for more than a decade; that the Real Estate Market is cyclical. When the market suffers from a downturn due to any cause including increase in interest [...]
As a private mortgage loan servicing company, we're always on the lookout for clauses that could clobber our clients. This article by Thomas Standen Sr. highlights some of the clauses that could trip up borrowers, and we wanted to share it with our clients to help them avoid any potential pitfalls.
Standen starts off by discussing the "due-on-sale" clause, which could be used to call in a loan if the property is sold. He then moves on to discuss hidden fees, pre-payment penalties, and other clauses that could be used to trap unwary borrowers. We agree with Standen that it's important for borrowers to be aware of these clauses and to understand how they could be used against them. We'll continue to keep an eye out for any changes or updates to these clauses, and we'll make sure our clients are always well-informed.
A mortgage loan servicing company is a company that services mortgage loans. They are responsible for the day-to-day servicing of the loan, including collecting payments, managing the escrow account, and providing customer service. Servicing companies also handle the billing and payment processing for the lender.
With respect to the amount, timing and method used to assess and collect late charges, I think in the last 16 years we have seen them all. It doesn't seem to make much difference whether the note was structured by a CPA, Attorney, Financial [...]
