Note & Loan Brokers
The Note Servicing Center can take care of your Note and Loan Servicing needs so you can stay focused on what you do best – Purchase existing Notes or Originate and Sell them upstream. . In other words, You build your business – We save you time and money.
Many of our Broker Clients have discovered it is just isn’t cost-effective for them to service “in house”. When they consider the ever increasing cost of hardware, software replacement and support, training and retraining and retention of qualified personnel and the additional lease space necessary for processing, it is not the best use of their time and money. Now they have to deal with the regulators on the servicing end as well.
Additionally, we take the “worry out” and the expense of statutory reporting requirements for the servicing of fractionated notes in most states. The Note Servicing Center is registered as a Threshold Broker with BRE compliance at our expense including quarterly and annual auditing by a CPA independently reporting to the Bureau and other jurisdictions involved in Multi-beneficiary loans. Our software, propriety in design and on the cutting edge of technology meets all the reporting requirements and is updated as new regulations occur. We are licensed and carry a fidelity bond with Trust Funds deposited into an FDIC insured bank.
As an independent loan servicing company, we DO NOT ORIGINATE LOANS, neither do we PURCHASE EXISTING NOTES. Servicing is our only business. The Note Servicing Center will execute a non-circumvent non-compete contract to insure that your clients remain your clients. You also have the confidence in knowing your borrowers are being handled with courtesy and consideration in a professional manner. Borrowers have the option of paying by Credit Card, Automatic Withdrawal (ACH) or paying On-Line. They receive payment coupons and envelopes, receipts and we provide year end mandatory IRS reporting at no additional charge. Most of all, we insist on the utmost in consistent responsive customer care.
We offer wholesale price structuring for bulk transfer of a loan servicing portfolio. There are no hidden charges and no cancellation penalty. With this program you can maintain your identity, enhance your image while enjoying an ongoing source of revenue. Our services offer the option of escrowing for taxes and insurance and impounding for HOA. Although we do not offer foreclosure assistance, we do offer co-ordination services with your Foreclosing Agent to provide payment history and reliable balances and other tasks as required to get the job done.
As a former loan brokers, we understand the importance of you keeping your identity with your clients. I also understand how important it is for the broker to have daily updates of the status of their loan portfolio. That is why, at the Note Servicing Center, you have 24/7 access to your accounts. A variety of broker reports are available at no additional charge plus custom reports are available upon request – just ask.