The lending market has not been left out of the massive disruption with the pandemic disrupting global activities. Several strategies implemented by private lenders to fully understand why borrowers defaulted are no longer viable enough to be relied on. With the new norms, a [...]
Sarah Wheeler, Editor-in-Chief of Housing Wire, spoke with Network Funding, LP Head of Product Nicholas Ripple, Tim Nguyen, CEO and Co-Founder of BeSmartee, and Amy Brandt, President of First American Docutech, to learn how the Point Of Sale (POS) software may help improve the [...]
Disasters such as the COVID-19 pandemic are often unplanned events whose impacts on the economy remain sustained even after they are gone. However, in periods such as that of the pandemic similar to the Great Recession of 2007, institutional lenders have been observed over [...]
Many private lenders were inundated with new clients looking for money to fix-and-flip houses following the housing crisis. However, as the housing sector grows, particularly in California, hard money lenders have to get new prospective clients outside of the regular flip ones. This presents [...]
The recent wave of renovation works carried out on American homes is a pointer to one thing: American homes are aging. America has massively underbuilt for more than a decade, putting over half of the American homes over the 40-year-old mark. As a result, [...]
If you are in the process of obtaining or selling a private mortgage, you might be researching the pros and cons of owner financing. You will find that one of the main risks in private mortgage is unpaid property taxes. I would like to [...]
Lease Option A Lease Option is a form of “Rent to Own”. With a Lease Option the prospective Buyer/Tenant rents from the Seller/Landlord for a period of time. Included in the agreement is the right to purchase the property under certain terms and agreements [...]
With this year being Note Servicing Center’s 35th year anniversary, our marketing staff has conducted a series of twelve Q&A questions with the owner of Note Servicing Center, Roberta Standen, and its CEO, Thomas Standen. We will be sharing one Q&A every month with our monthly newsletter. As their leadership and knowledge in the industry has grown immensely over the past 35 years, take a glimpse into how Note Servicing Center has expanded and developed since its opening in 1984.
THE NOTE SERVICING CENTER Welcome to the Note Servicing Center Website. As you browse the pages, we are confidence you will discover, we are not just the “run of the mill” servicing company, you will find many attributes set us apart from competitors. STABLE [...]
RESPA COMPLIANCE FOR SERVICING LOANS WITH IMPOUND/ESCROW ACCOUNTS Lender often wants borrowers, in addition to making payments for principal and interest to pay additional sums to satisfy other obligations that become due or payable. The most common is impounding payments for property taxes and [...]
