Loan Servicing
Thursday, July 3rd, 2008A shift in the mortgage industry gave us reason to diversify our operations and American Equity Funding, Inc. became a licensed and bonded loan servicing company in 2004. As more owner financed loans were created, this allowed us a better way to provide our experience in note servicing to everyone.
How much time do you spend taking care of all the details of your owner financed loans? Making sure you get the payment. Making sure they have insurance. Making sure they’ve paid their taxes. Preparing IRS statements. This is time consuming work that you can get someone else to take care of.
There are many benefits to letting AEF service your owner financed notes. Our different levels of service can include our ability to keep accurate records for you and your borrower and take care of the year end reporting for you. We also have fireproof storage for your original loan documents and can take care of collection calls and letters for you. By letting us handle your loan servicing, it will free you up to take care of other things.
Another exciting service we will soon be offering with all loan servicing is the ability to have these loans reported to the credit bureaus. We hope to have this up and running in the next few months. For more information on this and all of the loan servicing benefits available, visit us our web site at Loan Servicing.