• Loan Servicing

    - Promissory Notes
    - Mortgages
    - Installment Notes
    - Personal Loans
    - Contract Servicing
    - Why a Collection Service?
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Loan Servicing

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:

  • Promissory Notes
  • Mortgages
  • Installment Notes
  • Personal Loans
  • Real Estate Contracts
  • Land Contracts
  • Seller-Carry Backs
  • Private Investor Notes
  • Contract Collections
  • All-Inclusive Notes
  • Bi-Weekly Servicing
  • Rentals
  • Leases
  • Child Support
  • Membership Fees
  • Association Dues
 

Our services includes:

  • Calculating interest, late charges, due dates, etc.
  • Statements and Emails
  • Send statements, payment advices, or emails to notify payer and payee


Mailing annual 1098 & 1099 interest statements to all parties and the IRS for tax reporting purposes.

Providing reserve accounting, amortization schedules, account history ledgers, payoff quotes, consolidated investor reports, balloon payment calculations, and multiple disbursements when needed.

Quality Customer Service

Our knowledgeable staff is accessible toll free between 8 am to 5 pm Monday-Friday P.S.T.

Secure Collateral Housing

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.

Efficient Payment Processing

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.

Web- Access and online payments

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.

Late Notices

Mailing or emailing late notices or reminders if payments ever falls behind.

Accurate Year End Reporting

We will report the required data to the IRS and provide the Seller Financer and the borrower with this information via regular mail.

Complete Escrow Tracking Services

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.