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Updated about 8 years ago on . Most recent reply

User Stats

35
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20
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Arthur Lyons
  • Wholesaler
  • Philadelphia, PA
20
Votes |
35
Posts

Loan Service Companies?

Arthur Lyons
  • Wholesaler
  • Philadelphia, PA
Posted

I recently read a book about raising private money by Susan Lassiter called getting the money.  In the book she talks about the importance of finding a loan servicer to handle the money doing transactions from your private money lenders.  I am having a hard time finding such company.  A company that would hold the funds, disperse interest payments, record a lien until paid, and allow the lender to tract the progress of their investment over a period of time.  This gives the private money lender a sense of security and transparency and keeps funds out of my bank accounts. Does anyone know any companies that do this well?

Most Popular Reply

User Stats

862
Posts
438
Votes
Darren Eady
  • Rental Property Investor
  • Lindon, UT
438
Votes |
862
Posts
Darren Eady
  • Rental Property Investor
  • Lindon, UT
Replied

Note Servicing Center in Chowchilla, California is who I use.  Ask for Paige or Christine.

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