What is the cost of your service? Are there different pricing tiers based on volume or services offered?
Our pricing starts at $50.00 one-time setup fee, and $25.00 per payment, we do not offer volume discounts.
Our pricing starts at $50.00 one-time setup fee, and $25.00 per payment, we do not offer volume discounts.
We service only loans secured by Real Estate, and mobile homes, but not other types of loans.
We work for lenders of all types, note investors, private lenders, hard money lenders, and seller financiers. We have worked for banking institutions in the past however they have moved on to larger services since the implementation of Dodd Frank.
Request a VOM online or by email at office@noteservicingcenter.com. We will need the borrower’s authorization, if not requested from the borrower. Once we receive the request, we notify the borrower of the payment necessary to process the VOM. The fee for a VOM is $35.00.
We require a completed W-9 with your EIN or TIN on file. If this account/TD (trust deed) is held in your IRA, we do not generate a 1098. If this account/TD is an LLC (Limited Liability Company) we do not generate a 1098. If [...]
Your escrow account may only be cancelled with the approval of your lender. We would need to receive confirmation in writing by both parties.
If we collect impounds/escrow, Note Servicing Center sends the payments. Always forward a copy of your tax bills or insurance statements to Note Servicing Center when received. If we do not have an impound established, the responsibility is the borrowers unless the note states [...]
Unpaid charges are other monies owed but not yet collected on the account. Please contact our office for a detailed breakdown.
The unpaid interest charge on your account could be any of the following: The monthly payment was not enough to cover the interest portion of the payment. Your prorated interest based on the closing date of your loan. Default interest
Any change to the terms of the note requires a modification. This would have to be done through your lender and signed by both the borrower(s) and the lender(s).