August REI alternative for Texas notes
Two Texas-based private-note servicers, side by side: Moat's tenure since 1997, its published pricing, bundled escrow, and the scope of notes it will board.
Moat Note Servicing is an alternative to August REI for notes secured by Texas property. Moat has been in business since 1997 (29 years), publishes its full fee schedule ($150 setup, $35 non-escrowed or $40 escrowed monthly), and includes escrow administration in the escrowed fee. The two facts a lender can check before signing are tenure and published pricing. Request August REI's current schedule in writing; this page lays out Moat's checkable facts so you can set them side by side.
For how Moat measures up against the other Texas servicers private lenders ask about, see the Texas note servicer comparison hub.
SIDE BY SIDE
Moat and August REI compared on what Texas lenders ask about
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| Topic | Moat Note Servicing | August REI, LLC |
|---|---|---|
| Headquarters | San Antonio, Texas. Services notes secured by Texas property only. | Garland, Texas (3960 Broadway Blvd. Ste. 107, Garland, TX 75043, per augustrei.com). |
| NMLS | Licensed Texas mortgage servicer and bonded, NMLS 1419346 (Texas SML). | NMLS #144640, as published on augustrei.com. Licensed/registered with the Texas Department of Savings and Mortgage Lending per their site. |
| States served | Texas only. Services notes secured by Texas property. | Texas (per augustrei.com). A comprehensive list of additional states is not published; refer to their published materials. |
| Published pricing | Full schedule published up front: $150 setup, $35 non-escrowed / $40 escrowed monthly, $50 payoff, $35 NSF, 50/50 late-fee split, $50 expedite. No contract; 30-day notice to terminate. | No pricing is publicly published on augustrei.com. Refer to their published materials. |
| Escrow administration | Included in the monthly escrowed fee: monthly accrual, annual analysis, and disbursement to the taxing authority and insurer. | Escrow management is listed among their services on augustrei.com. For pricing and account terms, refer to their published materials. |
| Service types | Texas notes secured by real estate and by mobile/manufactured homes: residential, commercial, vacant/raw land, land contracts, and contracts for deed. Payment posting, escrow, statements, and 1098/1099 reporting. | Per augustrei.com: residential mortgage loan servicing; homeowner account management and payment processing; lender services and reporting; investor services; note seller services; escrow management; collections and compliance support; bilingual customer support. |
| Wraparound / all-inclusive notes | Not routinely serviced. Moat does not routinely service wraparound or subject-to notes; those are reviewed case-by-case. | Refer to their published materials. |
| Texas Property Code §51.002 default work | Day-to-day practice: notice work, trustee coordination, and post-sale reconciliation in Texas counties. | Refer to their published materials. |
August REI details reflect publicly available information at augustrei.com at the time this page was written; for current terms, refer to their published materials. Where a fact is not published, this page says so rather than asserting it. Moat figures are the current published rate card and match /services.
WHO THIS IS FOR
You are a Texas private lender or investor currently using August REI (augustrei.com) and want a side-by-side look at how Moat would handle the same portfolio. August REI, LLC is a Texas-based servicer headquartered in Garland; Moat is a Texas-only servicer in business since 1997, based in San Antonio. This page sets the facts side by side and lets you choose the fit.
Editorial comparison page by Moat Note Servicing. Cites only publicly available information about August REI, LLC (augustrei.com). Not affiliated with or endorsed by August REI. If a fact is out of date, email customersupport@moatnoteservicing.com and we will correct it.
Two Texas servicers — so what actually differs?
Both Moat and August REI are Texas-based and registered with the Texas Department of Savings and Mortgage Lending, so the usual single-state-versus-national pitch does not apply here. The differences a lender can verify are narrower and more practical: how long the shop has operated, whether the full fee schedule is published or quoted on request, whether escrow administration is bundled into the monthly fee, and which note types the servicer will board.
Moat publishes its complete schedule and bundles escrow into the escrowed monthly fee. It does not service wraparound or subject-to notes. If your portfolio is performing first-lien Texas notes and you want a published rate card and bundled escrow, those are the checkable distinctions. If your portfolio includes wraps, ask each servicer directly which note types it boards.
How a note moves from August REI to Moat
Notify August REI per your servicing agreement, submit the loan file to Moat, and coordinate the notice to the borrower. On the Moat side, boarding typically takes 5–10 business days from form submission to active servicing, with an optional $50 expedite per loan for a 48-hour turnaround. For the full process, see switching mortgage servicers in Texas.
FREQUENTLY ASKED
August REI alternative, answered
Switching from August REI to Moat
The full transfer process is on the switching servicers page. Moat-side boarding typically takes 5–10 business days from form submission to active servicing; the $50 expedite targets a 48-hour turnaround. No transfer fee from Moat.
Editorial comparison page by Moat Note Servicing. References to August REI, LLC cite publicly available information at augustrei.com. August REI's terms may vary over time; verify current terms directly with August REI before relying on the details above. Moat Note Servicing, LLC (NMLS 1419346) is a Texas-licensed mortgage servicer based at 1602 N PanAm Expy, San Antonio, TX 78208.
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