Moat Note Servicing provides a variety of integrated note servicing options.
Types of Notes We Service
- Commercial Real Estate
- Mobile Homes
- Contract for Deed
Actions Resulting in Additional Fees
- Research Fee – An additional fee will be applied to your account should we find errors and/or incorrect data provided in the intake packet. Please contact us to discuss in further detail.
- Insurance Fee – An additional fee will be applied to each escrowed account that requires MNS to implement the insurance.
Services Included in Monthly Fees
- Welcome Packets are sent directly to the Borrowers
- Monthly Mortgage Payments are Collected
- “On Line” Access to your account 24/7 (Available to Lenders & Borrowers)
- Payments are processed daily
- (ACH) direct deposit to Lender’s Account
- Accurate records of every payment made and disbursed
- Record and track escrow payments for each note
- Pursue late payments by sending late notices, including but not limited to the 120 day default notice.
- Provide year-end financial accounting required for IRS (1098 and 1099)
- Year-end Escrow Analysis completed on each property