I have one mortgage being collected by a loan service company and payment made to a local bank in that state. Other notes were originally setup by giving the account # to the payer for deposit.
After setting up the account for onlinebanking this week, I can now see deposits and by whom by the amounts deposited.
Also, the bank offers Automatic Clearing House (ACH) transfers to other banks so looks like I can now make monthly transfers from the out of state bank.
loan servicing companies
Alot are done through escrows set up by the buyer and seller. Title companies can handle these types of transactions.
Nate
I have one mortgage being collected by a loan service company and payment made to a local bank in that state. Other notes were originally setup by giving the account # to the payer for deposit.
After setting up the account for onlinebanking this week, I can now see deposits and by whom by the amounts deposited.
Also, the bank offers Automatic Clearing House (ACH) transfers to other banks so looks like I can now make monthly transfers from the out of state bank.
ic
Dave,
What LSA do you use?
John B. Corey Jr.
Chelsea Private Equity LLC
Quote:
On 2005-02-03 13:02, davehays wrote:
loan servicing companies
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