Private Loan Servicing

[Paul Duncan]

Does anyone use a loan servicer if they have done seller financing? For a seller, it seems like it would be a headache to track and manage the interest versus principal payments, and especially if the buyer makes any extra payments randomly throughout the loan. On a quick google search I found Accruit, which sounds like it’d handle what I’m looking for but does anyone else have any suggestions? And do you know what the typical fee is for this service?