What Does Loan Servicing For Subject To Deals Consist Of?

Have you acquired a property subject to an existing mortgage and need help managing the monthly payment process?  Our subject-to loan servicing consists of collecting funds from the buyer/investor and making payments toward the underlying mortgage.

Subject-To Loan Servicing Includes:

• Collecting borrower/client payments
• Processing payments according to the servicing agreement
• Disbursing funds toward the underlying mortgage
• Coordinating additional authorized disbursements as required

 

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Why Use a Professional Loan Servicer?

When you finance a property yourself or use a creative-financing strategy, you may not want to spend every month manually tracking payments, preparing statements, calculating distributions, and coordinating payment records.  Professional servicing can help provide:

Consistent Payment Administration

Payments can be collected and distributed according to the applicable servicing agreement.

Organized Records

Maintain an organized record of payment activity and servicing information.

Borrower Communication

Provide borrowers with appropriate statements and payment information.

Less Administrative Work

Spend less time managing recurring payment-related tasks and more time focusing on your real estate business.

Transparent Pricing

Our servicing fees are published so you can understand the basic cost structure before getting started.

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How Our Loan Servicing Process Works

1. Choose Your Servicing Type

Determine whether your transaction requires subject-to, non-wrap seller-financing, or wraparound servicing.

2. Complete the Onboarding

Complete the appropriate online onboarding process and provide the required transaction and servicing documents.

3. We Review the Servicing File

We review the information and documentation necessary to establish the servicing account.

4. Your Servicing Account Is Established

Once the required documentation and applicable setup fee have been received, the servicing account can be established.

5. Servicing Begins

Payments are processed and disbursed according to the applicable servicing agreement and instructions.

6. Ongoing Servicing Support

We maintain applicable payment records and provide servicing-related support throughout the life of the servicing relationship.