NO HIDDEN CHARGES OR GARBAGE FEES
We do not "nickel and dime" you to death with separate charges for
every little thing such as delinquency and late notices, monthly
statements or year end statements like our competitors. We charge a
one time set-up fee of $50.00 per loan and a flat monthly fee of $15.00
per month. That's it. No surprises.
ROUTINE SERVICES PROVIDED AT NO ADDITIONAL
CHARGE
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Provide Payment Processing including Coupons and
envelopes to the Payer |
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Collect payments owed to you every month |
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Payments are processed daily |
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Prompt deposit of funds into your bank account or
sent wherever you direct |
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Provide you with monthly statements |
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Keep an accurate record of every payment made and
every disbursement |
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Send delinquency and late notices |
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Balloon payment notification |
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Provide year end financial accounting required for
IRS (1098 and1099) |
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Monitor payments for taxes and insurance |
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Payment history upon request |
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Handle tax and insurance impounds |
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Complete Customer service via nationwide toll free
number |
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Pay all postage and telephone calls |
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Toll free telephone Access to your Account
Representative |
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Electronic debit of monthly payment from borrowers
account (with authorization by borrower) |
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Automatic Direct Deposit into Sellers |
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Impounding of Taxes and Insurance into Sellers
Reserve Account |
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Document Custodial Service |
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We also provide Aggressive delinquency management
including late notices, telephone contacts and delinquency letter.
With your authorization we can also direct foreclosure action. |
NO RISK GUARANTEE
You have the option of canceling the service with a 30 day notice.
NO NOTE TOO DIFFICULT TO SERVICE - YOU NAME IT.. WE CAN DO IT!
No other firm provides such a "risk free" approach to Note Servicing.
Better than a money back guarantee - you have nothing to lose - and
everything to gain.
People recognize First American as one of the most reliable,
progressive and innovative Note Servicing Providers, but we know the key
to our success isn't our size. It's the one to one relationship we build
with our clients, one at a time... one day at a time. You see we take our
business personally, we do business the old fashioned way, by delivering
flexible, responsive personal service and customer care.
