California brokers consider us partners rather than competitors. Redwood Trust Deed Services, Inc. does not originate mortgage loans. Privacy of all parties is very important to us. Redwood will not share information regarding borrowers with other brokers, unless authorized by the borrowers. Redwood offers brokers the opportunity to concentrate their attention and effort on what they most enjoy - originating more loans!

Arranging a private-placement mortgage loan leaves a broker with three choices at close of escrow:

1) Service the loan in-house
2) Have the lenders service the loan
3) Have an independent company service the loan

As an independent loan servicing company, we would like to demonstrate as to why the third option is the most efficient and cost-effective. Servicing a loan in-house creates a myriad of additional work for a broker. Thorough recordkeeping, trust account handling, audits, and regular reports are needed to meet numerous DRE regulations and State Law requirements. In addition, lenders and borrowrs may demand daily attention by calling regarding their loans.

Having a lender service his or her own loan in California is only an option when the lender has 100% beneficial interest in the loan (i.e. is the only lender). Multi-lender loans are required to be serviced by a licensed Real Estate Broker. A lot of private lenders lack the knowledge and organizational methods necessary to service a loan properly. This deficiency may unnecessarily place the lenders at risk of violating one or more laws or regulations, potentially jeopardizing their investments.

While a loan is still in escrow, we can work with your escrow officer to prepare the loan for servicing. If a loan has already been serviced by the lender or the broker, we can service that loan too. See the table below for a general list of documents needed to begin loan servicing at Redwood Trust Deed Services, Inc.

Existing Loans		New Loans
	Original Promissory Note		Original Promissory Note*
	Original Deed of Trust		Confomed copy of Deed of Trust*
	Loan Payment Records		Copy of Closing Statement*
	Evidence of Insurance on subject property		Evidence of Insurance on subject property*
	Copy of Title Insurance		Prorated and/or prepaid payments (if any)*
	Borrowers' address and phone number		Borrowers' address and phone number
	Subject property address & appraisal (if avaliable)		Subject property address & appraisal (if avaliable)
	Borrowers' Tax ID Numbers (SSN, EIN, etc.)		Borrowers' Tax ID Numbers (SSN, EIN, etc.)
	Lenders' address and telephone number		Lenders' address and telephone number
	Lenders' Tax ID Numbers (SSN, EIN, etc.)		Lenders' Tax ID Numbers (SSN, EIN, etc.)
			* - obtained directly from escrow

---

Redwood Trust Deed Services, Inc.
392 Tesconi Court Santa Rosa, CA 95401
Phone: (800) 378-4388 Fax: (800) 378-4845
Email: service@redwoodtrustdeed.com

All Rights Reserved © Redwood Trust Deed Services, Inc.
Website Hosting: Nu-Designs Web Development