SERVICES

August REI, LLC provides integrated loan servicing options.

REGULAR SERVICES INCLUDED IN MONTHLY FEE

• Credit Reporting
• Transfer or Welcome Letter with Coupon Payment Book
• Collection of monthly payments
• Processing of monthly payments
• Disbursement of funds to appropriate parties (lender, underlying loan, etc.)
• Direct Deposit of Lender funds
• Monthly statements to Lender
• Monthly statements to Borrower
• Online Lender Account Access
• Automatic Debit payment option for borrowers (ACH)
• Management of Escrow Funds (Taxes & Insurance)
• Late Notices
• Issuance of yearly 1098 & 1099 IRS Forms
• Annual Account Analysis of Escrow Funds

BASIC COLLECTION SERVICES

August REI, LLC acts as an intermediary between the Lender and Borrower. Basic collection procedures start according to the legal docs provided; for example, if Note terms state Due on the 1st, Late after the 10th, we would start the process on the 11th.

• Late Notices mailed and emailed
• Calls made to the Borrower
• Notification to Lender

ADDITIONAL SERVICES FOR ADDITIONAL FEE (UPON REQUEST BY LENDER )

• Homeowner Insurance – correction and Implementation
• Deferred payment or workout programs
• Refinance or Loan Modification

Overall, August REI, LLC is a disinterested third party that acts as a “back office administrator” giving the lender as well as the borrower, peace of mind that all payments regarding a loan are being paid in a timely manner.

August Real Estate Investments, LLC

3960 Broadway Blvd. Ste.107 Garland, TX 75043
P.O Box 496644 Garland, TX 75049
Main Number (972) 767-9219
Toll Free: (844) 286-1145
Toll Free Fax: (888) 475-4103
Please contact us today to discuss your loan.

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