If you receive periodic payments CPI’s Loan Servicing Department can help you with the servicing of your note. CPI’s Loan Servicing Department has been servicing notes since 1986. Having a Note Serviced by CPI simplifies your record keeping and can save you time and money. We act as your agent for the collection of your payments. You can now spend your time doing what you want without worrying about changing IRS regulations, computing interest, sending late notices, watching for payment changes or balloon payments all that can be a real headache.
CPI’s Loan Servicing system handles everything for you using the most state of the art computer technology and a staff of experts in funds transfer and accounting.
Our system and process is so flexible that we can service most any type of note or installment payment such as:
Our knowledgeable staff is accessible toll free between 8 am to 5 pm Monday-Friday P.S.T.
We will safeguard key collateral documents (the Note and Mortgage) in a state of the art, secure vault. Documents will be safe from loss caused by misplacement, weather, or other casualties. In addition, complete imaged mortgage documents will be available via email or our website.
We can automatically deduct funds from the borrower’s checking account and deposit the payment directly into a specified bank account. Additional fees apply for non-electronic payment processing and remittance.
We maintain a complete history of all transactions that have occurred on your loan. You can view all of your history or payment information online via our website 24/7. You can even make payments on your loan.
Mailing or emailing late notices or reminders if payments ever falls behind.
We will report the required data to the IRS and provide the Seller Financer and the borrower with this information via regular mail.
We can monitor and manage the tax and insurance payments on the seller’s and the borrower’s behalf. We will review the escrow account annually to ensure the collection of adequate funds for the next year’s bills. We will provide the borrower with an annual statement and projection of the new escrow amounts. This will ensure that all bills are paid timely and collateral is secured.