Loan Servicing
Private Lender Loan Servicing
Collections, accounting, distributions, and reporting across your notes, one loan or a portfolio, so your time goes to funding the next deal.
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What is private lender loan servicing?
Private lender loan servicing is third-party servicing for private money and note investors. Cedar Top handles the day-to-day collections, accounting, statements, distributions, and reporting, so lenders can focus on funding new deals instead of chasing payments.
If you lend your own money on Texas real estate, the lending is the fun part. Chasing payments, cutting statements, distributing funds to investors, and handling IRS and credit reporting is not, and that work scales badly the moment you hold more than a couple of notes.
Private lender loan servicing hands that to Cedar Top. We handle day-to-day collections, accounting, statements, distributions, and reporting, whether you hold one note or a portfolio, so you can spend your time funding the next deal instead of administering the last one.
What's included
- Payments
- Accounting, processing, and auto-draft or web payment options
- Distributions
- Timely distribution of funds to lenders and investors
- Statements
- Monthly statements for both lender and borrower
- Reporting
- Credit reporting and IRS reporting
- Account access
- Real-time account information online, for both parties
- Scale
- Built for note investors large and small
How servicing works
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Share your note details
Share your loan documents and how the note is set up. We will tell you exactly what we need to get started.
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We board the loan
We review the terms, set up the account, and configure escrow, reporting, and payment options to match your note.
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We onboard the borrower
The borrower gets a welcome and first-payment letter with their payment options. From there, we are their primary point of contact.
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We service every payment
Payment accounting and processing, monthly statements, escrow for taxes and insurance, late notices, and IRS reporting - handled for you.
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You get paid and stay informed
We distribute funds on time, and both lender and borrower get real-time account access online.
Onboarding documents
Every note is different. Depending on the loan and how it is set up, we may need more than this.
- Promissory Note
- Deed of Trust
- Closing Disclosure or HUD-1
- Transfer of Lien (if applicable)
- Allonge to Promissory Note
- 1003 or Borrower Application
- W-9
- First Payment Letter
- Insurance and Property Tax Escrow Details
What it costs and how to get set up
Pricing depends on the note or portfolio and how distributions and reporting are set up. We scope onboarding and confirm servicing costs from your notes. Cedar Top services Texas notes and does not provide tax or legal advice.
FAQs
What does Cedar Top do for private lenders?
From boarding forward, we are the borrower's point of contact. Collections and accounting run through our system, distributions reach you and your investors on schedule, and you see every note in real time online instead of managing spreadsheets.
Do you distribute funds to investors?
We handle Timely Distribution of Investor Funds and serve both large and small investors.
Do you report to credit bureaus?
We offer credit reporting and IRS reporting.
Can you service a whole portfolio?
Yes. We serve note investors large and small. We scope onboarding from your portfolio.
Can you take over notes I already hold?
Yes. We set up the accounts and start servicing once we have your notes and closing documents.
How long does onboarding a portfolio take?
It depends on the size of the portfolio and how complete the loan files are. We scope onboarding with you, board the loans, and onboard each borrower. Send the portfolio and we will give you a realistic timeline.
How are distributions to investors handled?
We handle timely distribution of funds to you and your investors on the schedule set up during onboarding, with monthly statements and real-time online account access so everyone can see where things stand.
Do you service notes outside Texas?
Cedar Top focuses on Texas notes. If your notes are outside Texas, contact Cedar Top and we will tell you whether we can help.
Set up Texas note servicing
Fill out the loan servicing inquiry form and our team will follow up with onboarding steps.