What happens when NoteWorld services an account?
Buyers make payments directly to NoteWorld. NoteWorld records the payment, calculates the changes to the principal and interest, subtracts any appropriate fees, and then quickly transfers the payment to the seller. NoteWorld also holds original documents for release when the account is paid in full. In addition, NoteWorld provides all the features you would expect from a traditional mortgage servicer, such as payment coupon books for the buyer, mailed monthly statements for the seller, online account information, Direct Deposit and Automatic Withdrawal, automatic late notices, the ability to make payments over the phone, highly trained customer service, and much more. NoteWorld can garner tax and insurance payments to keep investments safe. NoteWorld takes all the hassles out of a seller financed contract so that buyers and sellers can spend their time on more important things.
