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.
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Disclaimer
The information provided in this article is for general educational and informational purposes only and does not constitute legal, financial, investment, tax, or professional advice. Note Servicing Center, Inc. is a licensed loan servicer and does not provide legal counsel, investment recommendations, or financial planning services. Reading this content does not create an attorney-client, fiduciary, or advisory relationship of any kind. Nothing in this article constitutes an offer to sell, a solicitation of an offer to buy, or a recommendation regarding any security, promissory note, mortgage note, fractional interest, or other investment product. Any references to notes, yields, returns, or investment structures are illustrative and educational only. Past performance is not indicative of future results, and all investments involve risk, including the potential loss of principal. Note investing, real estate transactions, and lending activities are subject to federal, state, and local laws that vary by jurisdiction and change over time. Before making any decision based on the information in this article, you should consult with a qualified attorney, licensed financial advisor, certified public accountant, or other appropriate professional who can evaluate your specific circumstances. Some articles on this site include hypothetical stories, examples, and scenarios created to illustrate concepts and demonstrate the types of situations Note Servicing Center, Inc. handles. Any names, companies, properties, and circumstances in these examples are fictitious or have been anonymized to protect confidentiality, and any resemblance to actual persons or entities is coincidental. These examples do not describe specific clients and do not guarantee any particular outcome. Some content may be created with the assistance of generative AI tools and may contain errors or omissions. While we make reasonable efforts to ensure the accuracy of the information presented, Note Servicing Center, Inc. makes no warranties or representations regarding the completeness, accuracy, or current applicability of any content. We disclaim all liability for actions taken or not taken in reliance on this article.