Contents:

  1. Names Change – Teams the Same
  2. Motivation

Names Change – Teams the Same

It has been said, “There is Nothing more Constant than Change”. For those of us involved in the real estate and finance industry, we know this better than most. In 2002, shortly after the new millennium, we found ourselves scrambling to keep up with the pace of new opportunities for servicing. The most notable trend, in addition to the increase in the basic seller carry back transactions, was the increasing demand to service multi-investor loans, all inclusive trust deeds, notes held by exchange intermediaries and Investors with notes secured by trust deeds held in their Pension Plan and/or Self Directed IRA. So, once again, we must refocus and set a new course as new opportunities emerge. North American Loan Servicing has now been totally restructured including the change in name to the “NOTE SERVICING CENTER INC.” The name change provides an opportunity for the Institutional Note Buyer/Funders, Mortgage and Loan Brokers, Limited Liability Companies and Private Mortgage Pools to seamlessly outsource the servicing of their loans and notes to a third party. This “back office” feature is now providing an additional source of income for several of our clients and can be customized with “private labeling” depending upon size of the note portfolio. An age old philosophical principal says “change causes displacement and displacement causes fear” – But, “No fear Here” because although the name has changed the team remains the same!

Meet our Team

A third generation family owned and operated business formed primarily to collect, calculate and disburse note and loan payments for seller financed real estate since 1984. (Top)


Motivation

An elusive force that keeps entrepreneurs on track regardless of the ups and downs inherent in their career. Among the arsenal of tools to keep one motivated are pep talks, self-talk, training sessions, coaches, recognition, financial rewards etc., but it is important to remember that motivation ultimately is self-generated.
So, keep focused, weed out negative people from your life by staying away from the people we call the “destroyers” in life. It’s just plain unfortunate that when you start out on a new venture, like getting into the Note Business, how few people will say “Go for it, you’re going to be great”! Instead, they tell you, “It won’t last”.
Long-term sustainable motivation comes from a “burning desire” to obtain a specific goal, followed by a detailed plan AND a specific time to accomplish the goal. We wish you enormous success in the building of your business as a note consultant.  (Top)

Go to WWW.SELLERLOANS.COM for more great ideas.

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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.