REPS offers Seller Finance Component Services, which enables sellers to choose from a menu of services. We will tailor a program to meet your individual/company needs
Loan boarding
Optional automatic withdrawal and deposit of payments
Payment processing post deposit
Investor reporting
Reconciliations
Default Notification REQUIREMENTS
Lien releases
1098 and 1099 preparation
Monthly and year-end reporting
24/7 access to account information online
Toll free access to our customer service representatives
Front-end servicing:
Accept payments on your behalf
Payment processing post deposit
Investor reporting
Quality Control Services
While the client performs default management.
Back-end servicing:
Collections Monitoring / QC
Bankruptcy Monitoring
Foreclosure monitoring
While client does the front-end loan servicing work.
