Will I have a prepayment penalty if I pay my loan off early?
Some loans do have a prepayment penalty, if there is it will be outlined in the Promissory Note.
Why does the lender have to approve the Demand for Payoff?
Although we are the loan servicer, we take direction from the lender. Therefore, the demand for payoff needs approval prior to forwarding to the requestor.
Can someone other than myself request a Demand for Payoff on my account?
Yes, however they will need to provide an Authorization to Release Information signed by you. This is not a document generated by our office, this would be generated by the requesting party’s office and signed by the borrower.
Is there a charge to receive a Demand for Payoff?
Yes. There is a $30 Demand for Payoff fee which is included in the payoff amount. If multiple Demands for Payoff are requested each Demand for Payoff fee will be added as an unpaid charge to your account. A rush request can be submitted [...]
Where can I find the payoff amount for my loan?
Payoff amounts are not available to view online or on your statements. You may view your principal balance online, on your monthly statements, or contact our office by phone or email to request the balance. Please be advised the payoff amount will be different [...]
When will I receive the Demand for Payoff I requested on your website?
Once your request is submitted, our office prepares the Demand for Payoff calculation and submits it to your lender for approval. Once your lender approves the Demand for Payoff, we will email the Demand for Payoff to you or the title company requesting on [...]
How do I payoff my mortgage or request a payoff?
Demands for Payoff need be requested online at www.noteservicingcenter.com/demand-payoff-request/. There is a $30.00 Demand fee charged for each demand ordered. Your Demand for Payoff will include wiring instructions. You may, however, mail your payment into our office. If payment is mailed, please ensure the payment [...]
If I mail my payment will I still be charged the wire fee?
No. If we receive a check to payoff your loan we will not include the wire fee.
I made my payment yesterday. It is not reflected on the Demand for Payoff. Do I need to request a new Demand for Payoff? Is there an additional fee?
You do not need to request a new Demand for Payoff however if you would like to request a new demand there is an additional $30 Demand Fee. If you do not request a new Demand for Payoff and the account is overpaid you [...]
Why does the lender have to approve the Demand for Payoff?
Our office services the loan, your lender still needs to approve the demand for payoff because they are still the noteholder.