Evergreen Note Servicing

What is Note Servicing?

Many times when people buy real estate they may have to borrow money from a bank or other financial institution in order to purchase it. Other times, the seller may decide to finance it for the buyer by selling the real estate to the buyer on a real estate contract or promissory note and deed of trust. Instead of paying a bank, the buyer pays the seller back according to the terms of their agreement.

Our job is to collect the payment from the buyer, process it, then disburse the payment to the seller according to his or her instructions. This may include payments on leases or rentals, not just sales. For more information about our services, please refer to our services link.

Collection services provide advantages to both the Buyer and Seller.

Benefits to the Buyer

Establishes credit history.
Auto payment option.
Annual reporting of itemized account information.
Accurate amortizing eliminates disputes regarding balance calculation.
True escrow assists in clearing title upon payoff.

Benefits to the Seller

IRS reporting of interest provided free of charge, eliminating the need to provide your social security number to the buyer.
Auto deposit option.
Auto pay and coupon features result in a more timely payment history.
Option reserve accounts for tax and insurance provide additional protection.
Free late charge notices assists in collection of bad or delinquent debt.