The Note Servicing Center understands the importance of having a Note and Loan Servicing Company that reflects the trust, integrity, service and fiduciary responsibly you have promised to your borrowers and investors that have made you successful. So, whether you have a small portfolio of note/loans, are a threshold lender with muti-investor loans, a seller carry back note holder, a hard money lender or the manager of a mortgage loan pool, the meticulous oversight of your account(s) is of primary importance to us and we are committed to your success.
The Note Servicing Center Inc. understands the importance of:
Distributing funds into your account as quickly as possible.
We process and post daily, and provide automatic electronic deposit of good funds to your account
Receiving payment of “good funds” from borrowers in a timely fashion.
We provide the ability of borrower to make payments on line, by ACH withdrawal from their account and by Credit Card
Compliance with regulatory requirements imposed by the Department of Real Estate and the oversight of other State and Federal agencies.
Our highly sophisticated computer system, proprietary in design and on the cutting edge of technology, meets all requirements of trust accounting and reporting and is updated as new regulations occur.
The safety and security of Trust Funds placed in our care.
As a Licensed Threshold Broker we are required to have quarterly independent CPA Auditing of our Trust Account, Monthly reconciliation and annual financials submitted to the Department of Real Estate
The value of keeping abreast of ongoing education to keep up to date on new rules and regulations.
Our professional staff is required to maintain continuing education and membership in Trade Associations and attendance to obtain educational updates as well as in house weekly training.
The importance of providing you with the ability to review and analyse your company’s cash flows on a daily basis for important decision making and forecasting.
On-line review of your accounts is available 24/7 with a secured password protected server so that you are never out of control of your cash flows or downloading of reports.
Protecting the priority of your security and thus providing risk management by timely payment of taxes and insurance.
We provide for the impounding (escrowing) of funds for the payment of taxes and insurance when due and have availability to provide forced insurance when necessary.
Protection and confidentiality of client data.
Computer data is password protected stored both on in-house and off-site location. Computer stored on in-house and offsite. All officers of the company are licensed by the Department of Real Estate. The company carries a fidelity bond protecting payments for employee theft. Original documents are stored in Safe with codes confidential to Officers of the company.
Responsiveness to your questions and concerns.
Account Representatives are available to answer questions and provide support Monday thru Friday from 8:30 AM – 4:30 PM PST.
If you are not 100% satisfied with your present servicing company or if you are concerned about the increasing cost of servicing in house servicing, please contact me personally at 559-665-3456 ext. 300.
More and more lenders are looking for ways to reduce overhead costs. The outsourcing of Note Servicing cuts down or eliminates the cost of purchasing computer hardware, software and the overhead associated with training and retaining employees as well as freeing up lease space for alternative uses.
To begin servicing of your account(s), a package for Lenders as well as additional forms are available by clicking here. Because, we understand the long and short term implications of outsourcing the servicing of your notes and loans, I welcome your call to discuss your particular needs and how we can meet them to your specifications needs best. If you feel it is necessary, we are also prepared to conference with you and your associates as well. Call me personally on my direct line at: 1-800-646-3445 to set up an appointment or a Conference Call with your support staff.
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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