The
goal of the Loan Servicing Department at Redwood Trust Deed Services,
Inc. is to provide private real estate investors with means to monitor
and enforce the terms of the loan in accordance with the law and to
assist the lenders with meeting their obligations in a mortgage transaction,
while maintaining the utmost professional and ethical standard in relations
with the borrower.
Our
services include, but are not limited to, collecting payments from borrowers,
disbursing payments to lenders, mailing appropriate notices, monitoring
the status of senior liens and insurance coverage(s), and coordinating
foreclosure proceedings. Please click on the "Information for Lenders"
to find out more about our services.
We
can service a multi-lender loan as easily as a single-lender loan. The
Department of Real Estate prohibits multi-lender loans to be serviced
by private parties - this is where Redwood Trust Deed Services, Inc.
can be of most help. On a multi-lender loan we will keep every lender
informed regarding possible payoffs, defaults on the senior lien, and
other important events that can take place throughout the life of the
loan.
Some
lenders may be concerned that having a professional company service
a loan will seem hostile or impersonal to the borrowers, with whom they
may have a good relationship. However, having a loan serviced at Redwood
Trust Deed Services, Inc. is beneficial for borrowers as well. The borrowers
can always call and express their concern or ask a question regarding
their account. Upon request, they could receive a payment history or
an estimated payoff figure at any time. By being consistently professional
and ethical in our contact with the borrowers, we offer them a more
certain and stable business relationship, which keeps all parties satisfied.
If
you are considering investing in trust deeds or carrying a loan after
a sale of your property, inform your broker of our services and encourage
him or her to visit our website.
Please
visit our Lender Services page by clicking on the "Information
for Lenders" button above or simply clicking here.
More information is available by calling (800) 378-4388. We look forward
to serving you!