+1 205-980-7285Mortgage service centers in the USA act on behalf of loan providers and banks. They assume responsibility for the loan process and manage all payments. The primary function of these centers is to collect homeowners’ mortgage payments and distribute them to investors, tax authorities, and insurers.
Investor Services
These centers facilitate investors by safeguarding their investment in mortgaged properties. They ensure that the mortgage beneficiary maintains adequate insurance coverage and handle payment collection through escrow accounts.
Mortgage Payment Services
Mortgage service centers are responsible for efficiently collecting and processing all payments. They also assist homeowners in accessing services such as loan modification, short sale, or deed in lieu of foreclosure to prevent delays in mortgage payments.
Property Preservation
Homeowners who have vacated their homes due to non-payment of the mortgage can utilize property preservation services. These services include the protection of the property to ensure that vacant houses do not appear abandoned or deteriorated.