Loan Servicing & Contract Servicing
If you are providing an investor or owner financing loan or arranging a lease to purchase transaction, Bankers Escrow Corp. can provide loan servicing and payment processing services. As an independent 3rd party, for real estate contract servicing Bankers Escrow can conveniently handle all the details of collecting your monthly payment.
From simple to complex and everything in between . .
. each transaction is unique so here's what Bankers Escrow can provide for your private loan servicing:
Customized Servicing Agreements for individual seller loan servicing or large contract collections
Automated ACH collections from borrowers' bank account
Payment coupons
Yearly payment history reports
Disbursements to multiple parties with direct deposit to lenders bank account
Annual I.R.S. tax interest forms 1099 & 1098
Payoff statements and document holding services
Automatic assessment of late fees
BiWeekly Loan Servicing
For a more creative approach at no extra charge, Bankers
Escrow offers:
Reserve or impounds for tax and insurance payments with
a yearly escrow reserve analysis
Programmed Delinquency notices mailed
Outside third party verification of loan payments for mortgage lending
Annual Principal and Interest statements for all investor loan servicing and installment loan servicing accounts
Loan Servicing Fees Are SIMPLE!
Set Up Fee* $55.00
Monthly Fee: 1st
disbursement $10
2nd disbursement $7
*Fees for multiple loans are discounted further so please email us
at
request@bankersescrow.com or call us at 800-571-6595 for
a quote on your loan servicing needs.
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