Rates rose four weeks running in July. A payment the parties set once does not.
While national average mortgage rates drift higher, an installment schedule agreed to at closing provides absolute certainty for buyers and sellers.
Note servicing
Private Mortgage Servicing Is Not Only for Big Lenders
Individual sellers can secure professional record-keeping, escrow handling, and neutral payment administration for a single loan at a low flat fee.
Attention LA & TX Title Companies and Closing Attorneys
Your state now requires a servicer of a note which is secured with residential real estate, where the servicer does not have a 100% interest in the note, to be licensed by the state.
Looking for a Note Servicing Agent? Buyer Beware!
Like most things in life you get what you pay for when you engage a company to service your note.
Important Regulatory Note Servicing Update
June 30, 2016 represents year one since the date set by the Louisiana Office of Financial Institutions for all mortgage servicers in Louisiana to become licensed for the specific purpose of servicing residential mortgages.
