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You have selected that you have purchased this note after it had been originated. You will be asked for information for each assignment in the history of this loan. A copy of the assignment of the deed of trust, or mortgage, and the endorsement of the note or allonge will be requested for each assignment. Please have this information and copies of these documents. If you do not have a copy of the assignment of the deed of trust or mortgage Note Servicing Center can have copies of these documents pulled from the county recorder’s office, the cost for this service is $100.00 per document.
Simple loan = one borrower one lenderFractionated loan/multi Lender = more than one lenderTax and/or insurance collection = impound/escrow collectionAITD/WRAP/Underlying Financing in place = underlying lender (Chase, Wells Fargo Citi bank etc.)Non-Performing (greater than 30 days late) = borrower is greater than 30 days late on payments to current servicer
You have checked the Simple Loan, loan type. This means you have only one lender, and you do not want Note Servicing Center to make payment on Taxes and/or insurance, and you have only one lender on this loan. If this is not the case please deselect this option and choose the correct options for your loan. Additional fees will be applied to your loan setup if changes are to be made after this form is submitted.
You have checked the Fractionated/Multi-Lender loan type. The information on each lender will be requested later in this form, including the name, address, phone number, email address, and funding information for each lender. Please have this information ready
You have checked the Tax and/or insurance collection loan type. A copy of the statement will be required, if you do not have a copy of your statement additional fees will be applied to your setup.
If this is not the case, please deselect this option and choose the correct options for your loan. Additional fees will be applied to your loan setup if changes are to be made after this form is submitted.
Please send these funds to our office by mail made payable to Note Servicing Center:
Note Servicing Center
Attn: New Accounts
3275 E Robertson Blvd., Ste. B
Chowchilla, CA 93610
Or contact our office for wire instructions at 559-665-3456
The aggregate analysis will determine the initial amount needed as well as the amount added to the monthly payments. By checking this box, you certify that you fully agree and understand this analysis is a service we offer for the amount of $100.00 and must be paid in full before the analysis is run. In the event we do not receive the initial impound funds I understand that setup will proceed without impounds added and the $100.00 charge is non-refundable.
You have checked the AITD/WRAP/Underlying Financing in place loan type. Please have the following information for each of the payees we are to pay as you will be asked for this information later in the form: name, payment address, phone number, and payment amount. If you have a copy of a recent bill this will also be requested from you at the time you input this information on the form.
If the lender is not paying the per payment servicing fee and this was not agreed to in the note, additional documentation will be required to setup this loan.
Because you have selected yes our office will request at the end of this web form documentation reflecting this executed by the lender(s)
Since this loan has been serviced by another servicer, or by the current or previous lender our office will require a payment history, and goodbye letter at the end of this form. Additionally, information on the previous servicer will be requested later in this form.
FOR INTERNAL USE ONLY
If you have chosen any two of the above and the below apply to the origination of your loan:
The Home Ownership and Equity Protection Act (HOEPA) as implemented by Federal Reserve Regulation Z – Section 32 – imposes additional disclosure requirements on these types of loans and prohibits certain acts and practices in connection with mortgage lending. HOEPA prohibits extending credit without regard to a consumer’s repayment ability.
HOEPA identifies a high-cost mortgage loan through rate and fee triggers, and it provides consumers entering into these transactions with special protections. HOEPA applies to closed-end home-equity loans (excluding home-purchase loans) bearing rates or fees above a specified percentage or amount.
A loan is covered by HOEPA if (1) the Annual Percentage Rate (APR) exceeds the rate for Treasury securities with a comparable maturity by more than 10 percentage points, or (2) the points and fees paid by the consumer exceed the greater of 8 percent of the loan amount or $480 (for 2002, adjusted annually based on the Consumer Price Index).
HOEPA restricts certain loan terms for high-cost loans because they are associated with abusive lending practices. These terms include short-term balloon notes, prepayment penalties, non-amortizing payment schedules, and higher interest rates upon default.
Then Section 32 applies to this loan, please mark the appropriate selection below:
Maximum number of lenders reached.
Maximum number of entries reached.
Maximum number of payees reached.
Contract (note, land contract, contract for deed)
Security Agreement (Deed of Trust, or Mortgage)
Other Closing Documents
Copy of each loan modification
Because this loan has a sold rate please upload executed documentation with details
Transfer of Servicing Notice (RESPA Goodbye Letter)
Assignment of the Deed of Trust or mortgage
Indorsement of the note, allonge, or assignment of note
Copy of the last tax and/or insurance bill for each payee
Document executed by the borrower agreeing to pay the servicing fee, if not outlined in the note
Completed and executed form 593
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