Traditional Loans
We specialize in providing traditional loan servicing that ensures a seamless and efficient process for both lenders and borrowers. Our traditional loan services include managing the complete loan lifecycle, from initial disbursement to final repayment. We handle all aspects of loan administration, including payment collection, account management, and reporting. Our experienced team is dedicated to maintaining accurate records, ensuring timely communications, and offering responsive support to address any questions or concerns from borrowers and investors.
In addition to our comprehensive administrative support, we provide detailed year-end tax reporting for both investors and borrowers, helping to simplify the tax filing process. Our commitment to excellence ensures that all payments are processed promptly and accurately, reducing the risk of late fees and penalties. With Securenet Loan Services, you can trust that your traditional loans are managed with the utmost professionalism and care, allowing you to focus on growing your investment portfolio.
Benefits
24/7 Access to Historical Data
You can look at borrower payment history, dates payments were made, lender disbursements, and other details about each loan we are servicing through our secure online access.
Primary Point of Contact for Borrowers
Let us be the contact point between the lender and borrower. We answer borrower calls and offer workout solutions so that you can receive your payments worry-free. We have Spanish speakers in our office!
Payment Accounting and Processing
Let us help with your burden of accounting and endless paperwork! We do that for you and supply you with accurate status reports of all your loans.
Timely Distribution of Investor Funds
Your funds are sent to you directly from us after processing. We have a minimal check-clearing time based on the borrower's past payment history. No 21-day wait period.
Insurance and Property Tax Disbursement
We track all insurance renewals and tax payments due so that your collateral is never unprotected. Renewals and tax payments are disbursed from borrowers Escrow Account as collected from borrower escrow payments.
Late Payment Notifications
We mail late payment notifications promptly and act aggressively in collecting past due funds. Our goal is to make sure you receive your disbursements in a timely manner.
Peace of Mind
We take the worry out of mortgage payments and seller carry-back transactions. You can be assured that every aspect of the loan servicing portion of your investment is under control.
IRS Reporting
The law requires accurate and timely reporting to the IRS, and the borrower, concerning interest paid for tax deductions. We relieve you of the burden of reporting and we also provide you with an annual 1099 report of interest earned on your investment.
Credit Reporting
We currently report to all three of the major credit agencies This will assist in increasing your buyer's credit score making them eligible for refinancing as early as possible.
Flexible Pricing
We have found that our credit reporting is a benefit to the borrower as well as the lender. Most borrowers are pleased to pay all or part of the monthly service fee for this added service (much like credit repair).
Monthly Statements
You receive monthly reports from detailing account activity of all your loans. These reports are in easy-to-read formats that will assist you in your internal accounting. You can also view your accounts online and receive your reports in importable formats.
Escrow Analysis
The law requires periodic escrow analysis and adjustment for every loan with an escrow account. We preform the analysis and make payment adjustments accordingly so that you are in compliance.
Reach Out Today
Reach out to us today at Securenet Loan Services, LLC, in San Antonio, Texas. Our dedicated team is ready to provide expert support and make your loan servicing experience seamless and hassle-free. Your investment's success is our priority.