Davon Lowery
Loan servicing company said no to biz as owner
Just got off the phone with phone with my mortgage loan service company and I tried, so casually, to ask if I can put my property in my business name. I was promptly put on hold, then we the CSR returned, summarily s...
Paul Winka
Cozy for seller carryback? Overkill to use loan servicer?
I recently agreed to take back a note on a property I am selling. We’ll close at the end of the week at a title company.
At this point, the way I set out to handle the mortgage payments is through Cozy, just like ...
Jason Davis
Real Estate Solutions for Loan Servicers and Hedge Funds
I have proven to demonstrate great strengths in leadership, business strategy and development in the default industry. I am a team player who is goal oriented and enthusiastic in new challenges. My experience in mortg...
JPaul Mills
Where to find a Loan Servicing Company in Florida
Hey BPI am looking to find a LSC to keep track of payments and to send the checks to the lender for a subject to deal. Any help would be great and what price is a reasonable price to ay for the services. Thank you.
Ray Trounday
Do folks include loan servicing fees when calculating yield?
I wanted to check with folks to understand whether folks include monthly service fees when calculating yield on the note. One option is to deduct the fees from the monthly payment you receive from the borrower. The ...
Markus Atkins
Loan Servicing Question: Skipping a payment during a refinance
Hello all,I am in the middle of a refinance right now. For reference, I usually pay my mortgage on the first and was planning to make my payment per usual on May 1st.Since I am scheduled to close on May 7th and I tec...
Quentin Thiery
Debt Service Coverage Ratio loans - More info about it?
Hi BP,I hope everyone is well! I haven't read much about DSCR loans; but as far as what i understand - it focuses more on about the potential rental income and overall health of the investment rather than your persona...
J.C. Martel
Debt Service Coverage Ratio (DSCR) Loan w/ 10% down
Does anyone know any lenders that require only 10% down on a DSCR loan?
Ryan Thomson
How to Get PMI Removed
I just got PMI removed on one of my properties and it was incredibly easy! It will save me thousands of dollars over the next 10 years.
If you are a homeowner with a mortgage that carries Private Mortgage Insurance...
Ty McAllister
Seller-finance (are they wraparound mortgages?)
Hey there! I see a lot of seller-financed properties as I'm practicing running numbers on properties listed on craigslist & other similar sites. I suspect that many of these homes are not owned outright.Is it comm...