Frequently Asked Questions
How do I sign up for services?
If you are interested in signing up for REPS, or with one of REPS servicer clients for servicing, please reach out to our Investor Services Dept @ investorservices@repropsvcs.com. We will be happy to send you the appropriate agreements.
What do you need from me to get started?
Once you have signed the necessary agreements to engage our services, we will work with you or the transferring servicer/entity to board your asset/s. We will need the following information/documentation to board: Copy of the deed for the asset, Copy of the purchase sale agreement if you purchased a note, Copy of the original agreement with your consumer (Mortgage, Deed of Trust, Security Deed, CFD/AFD or Note), Any subsequent assignments/allonges/endorsements/modifications and Data file including:
Original loan amount
Current balances
Original due date
Current due date
Maturity date
Length/term of your agreement with your consumer
Interest rate
Consumer’s contact information
Parcel/tax id number for the asset
Current or outstanding tax bills
Insurance policies as well as any on-going claims/claims funds still outstanding
Bankruptcy Claim Information (if applicable)
Foreclosure Status and Information (if applicable)
