As your loan servicing management team, Unified Mortgage Service, Inc. performs a full line of in-house loan services for you:
1. Demands and collects loan payments from the borrower. Issues loan payment coupons to assist borrowers in making timely payments;
2. Closely monitors each loan account to deter delinquent payments, sending collection notices and phoning delinquent loan accounts;
3. Calculates and issues annual tax reporting forms reporting the amount of mortgage interest paid and interest income;
4. Issues loan payment distributions two times a month. Each check provides the lender with a state-of-the-art, computerized accounting of the loan payment transactions;
5. Sends month-end distributions to each lender accompanied by comprehensive monthly statements. These valuable statements provide a complete detailed itemization of the loan payment activity and other pertinent information;
6. Calculates borrower payoff statements, issues credit reports and instigates recording the Deed of Reconveyance, transferring title back to the borrower when the loan is paid in full;
7. As necessary, collaborates with Trustee, CNA Foreclosure Service, Inc., to handle all facets of foreclosure from recording the Notice of Default to the Trustee's Sale or Rescission;
8. Interfaces with attorneys in coordinating legal proceedings if bankruptcy is filed;
9. Can Monitor fire insurance coverage and arrange fire policies to protect the beneficiary's interest; and
10. Collects and distributes loan payments for All Inclusive Trust Deeds (Wrap Around), multiple beneficiaries on a loan transaction, interest only loans, amortized loans...
Loan Servicing is provided by Unified Mortgage Services, Inc. for loans originated by Brokers. Loan Servicer of Seller carry back financing as well.
