Loan Servicing
Wrap Loan Servicing
A wrap-around mortgage is a home loan that allows the seller to maintain their existing mortgage while the buyer’s mortgage "wraps" around the existing amount owed.
Who it’s for
- Investors holding wrap-around notes
- Sellers maintaining an existing mortgage under a wrap
- Borrowers with wrap loans who want underlying mortgages paid as agreed
What We Offer
- Payment Accounting and Processing
- Monthly Statements
- Multiple payment and disbursement options including automatic withdrawal and deposit and web payments
- Timely Distribution of Investor Funds
- Real-time account information for both Lender and Borrower
- We are the Borrower’s Primary Point of Contact
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
- Truth-in-Lending
- Sales Contract
- W-9
- First Payment Letter
- Homeowners Insurance
FAQs
What is a wrap loan?
A wrap-around mortgage is a home loan that allows the seller to maintain their existing mortgage while the buyer’s mortgage "wraps" around the existing amount owed.
Will the underlying mortgage be paid as agreed?
We are a servicer of choice for borrowers with wrap loans that want to be sure that underlying mortgages are paid as agreed.
Contact us about servicing
Fill out the loan servicing inquiry form with general details and our team will follow up with onboarding steps.