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 – Originate and Purchase Notes. 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 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.
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 DRE compliance at our expense including quarterly and annual auditing by a CPA independently reporting to the Department. Our software, propriety in design and on the cutting edge of technology meets all the requirements of the DRE 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 work with your Foreclosing Agent to provide payment history and reliable balances.
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.
Please call me to set up a telephone appointment to discuss further how we might be able to work together to make you more successful. Thanks for listening,
Tom Standen, Sr.
The Note Servicing Center offers an extensive business support system for Investors, Brokers and Lenders holding Real Estate Notes. We feel confident we can provide the note and loan services necessary to make your business even more successful. To expedite a full transfer of your loans for servicing into our proprietary software, could take as much as 2 weeks depending upon the complexity of the process. Much depends on the fields and format of the program and software you are currently using.
As a company on the “cutting edge” of technology, we may be able to integrate your present servicing portfolio easily and quickly into our system. But you can rest assured that we will do all the work to make the conversion process as seamless as possible for Investors and Borrowers.
Here are the steps:
- When you contact the Note Servicing Center to transfer your entire portfolio of notes into our system for servicing, we will schedule a time to visit with you about your loan servicing needs, the platform you are currently using and special needs you may have.
- We prepare and submit a Loan Servicing Proposal which includes information about what the Note Servicing Center is prepared to do for you to save you money, support your objectives and help you and your company move up to the next level. The proposal will be custom made to fit your needs.
- The Note Servicing Center does not buy or sell notes. Servicing is our only business. However we understand totally the importance of not compromising the integrity of your client base. Therefore, to protect your interest, it is our standard practice to execute a non-circumvent agreement to cover that base as part and parcel of the Servicing Agreement.
YOU BUILD YOUR BUSINESS — WE SAVE YOU TIME AND MONEY
WE SERVICE NATIONWIDE
If you have additional questions, please feel free to ask in the area provided below. For complete contact information click here.
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