Private Mortgage Servicing

 Direct collection often leads to disputes over interest calculations or “he-said-she-said” payment disagreements. By using our services, lenders get professional record-keeping, automated IRS reporting, and a neutral barrier that maintains the professionalism of the investment. It also ensures that if the borrower ever needs to refinance, they have a certified payment history to show a bank.

Yes. One of the biggest burdens of private lending is tax compliance. We handle the year-end reporting for you, issuing Form 1098 to borrowers (for mortgage interest deductions) and Form 1099-INT to lenders (for interest income). This keeps both parties in good standing with the IRS.

We strictly adhere to the terms outlined in your Promissory Note. If a payment is received after the grace period, our system automatically calculates and applies the late fee. This removes the “personal” friction between the lender and borrower and ensures the contract is enforced consistently.

Absolutely. We highly recommend this for private lenders to protect their collateral. We can collect a monthly “1/12th” payment for taxes and insurance, hold those funds in a dedicated escrow account, and pay the parish or insurance company directly when the bills are due.

We provide official payoff statements that calculate the exact principal balance and “per diem” interest due through the date of closing. Once the funds are received, we can assist in providing the necessary documentation for the lender to sign, allowing the mortgage to be canceled at the Clerk of Court’s office.

Borrowers gain a “verified” credit history. If a borrower wants to refinance into a traditional bank loan later, the bank will require a “Certified Payment History.” A handwritten ledger from a private seller is rarely accepted, but a history from Escrow Services, Inc. carries the weight of a professional financial institution.

Yes. We have designed our fee structure to be accessible for individual sellers and small-scale investors. Our goal is to provide institutional-quality servicing at a price point that makes sense for the Louisiana private lending market.

Yes. We specialize in complex payment structures, including wrap-around mortgages where a private loan “wraps” around an existing underlying mortgage. We ensure the underlying payment is made first to protect both parties from the risk of a senior lienholder foreclosing.

Transparency is key to our YMYL commitment. Both lenders and borrowers can contact our Mandeville office for up-to-date ledgers, and we provide regular statements so all parties are always aware of the current principal balance and interest paid to date.

While our physical offices are on the Northshore (Mandeville), we provide private mortgage servicing for properties in all 64 Louisiana parishes, from Shreveport and Monroe to New Orleans and Lake Charles.

 If you already have a loan in progress and want to hand over the administrative burden to us, the process is simple. We need a copy of the recorded Mortgage and Promissory Note. Our team will calculate the current balance and seamlessly take over the billing and collection process.