security in servicing

HCS Equity believes in complete transparency in trust accounting. In addition, by working with neutral third-party companies for all escrow and servicing requirements, the potential for any possible conflict of interest is eliminated.

Note Servicing Center, our preferred servicing company, is an independent firm with over 12,000 loans serviced and more than thirty years experience in the loan industry. Among the many benefits of using an outside firm for note servicing are:

  • All Borrower payments are processed and reconciled within 24 hours of receipt, assuring that Investors receive monthly payments almost instantly.
  • Easy to use website with 24-hour access to all account information.
  • Separate trust accounting.
  • Investor receives e-mail updates regarding payment activity, late payments, etc.
  • Accurate record keeping.
  • Detailed year-end statements and tax information.
  • The service provider handles all contact with Borrower, including late payments, change of address, and other details.
  • Service provider carries over $1,000,000 in Errors and Omissions insurance, and over $1,000,000 insurance bond.
  • Service provider handles all loan payoffs.