Loan Servicing Company for Seller Financing
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I am looking for a company who will manage all aspects of the loan I made which I carry the note. I want to be hands off on the collection, tracking, validating insurance and taxes are paid, etc. I am located in Edmond, OK. Are there any local loan servicing companies or any national companies that handle this service? Please can anyone recommend one with reasonable fees? I have read that Seth uses an outside loan servicer for his seller finance deals but I am unfamiliar with any in my area.
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Hey Jerry McGinnis - you could just do a google search for something like:
...and see what comes up.
A quick phone call to any of these outfits could probably get a lot of your questions answered, in terms of where they can work, what they do and how much the cost.
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If you do a search for “note servicing company” on BiggerPockets.com, there are several threads on there discussing both bigger servicing companies and smaller ones...FCI, Madison, Note Servicing Center, Allied, etc
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I have heard good things about madison management.
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I have been pleased with:
SecureNet Loan Services, LLC
P.O. Box 15826
San Antonio, TX 78212
Phone: 210-236-7454
www.securenetloanservices.comApril M. Hernandez
april[at]securenetloanservices.comThey do all the work including collecting the fuds, sending notices, tax documents, etc.
