Investor Army Podcast
Ep. 8 Expert Loan Servicing, Owner financing, and Selling notes with Amy Sayre
Amy Sayre runs one of the fastest growing loan servicing companies in the countries. Loan servicing is a vital part in the process for owner finance investor's as far as keep there time management under control and being able to produce a quality less risk note for sale to the back end note buyer. They handle taking in the payments and collections, the organization of the loan info, and anything and everything in between. A good loan servicer like August REI will do everything that you don't have the time to do and make sure it is all kept organized and efficient. A great Loan servicer well help you grow your business which is what everyone is looking to do. For More Resources And Opportunities To Take Your Business To The Next Level Go To…… Contact Amy: Amy Sayre August REI LLC PO Box 496644 Garland, TX. 75049 Phone 972-767-9219 Phone 844-286-1145 Fax# 888-475-4103 NMLS#1446400 Show Notes: 0:00 – 3:58 Amy introduces herself and why and how she got into building her loan servicing company… 3:59 – 6:58 Amy breaks down the loan servicing process and benefits which are many 6:59 – 12:59 Collections and what happens if payments are not made and August REI collection process 13:00 – 19: 57 How she can help with the selling of a note and preparing a note for sale…. 19:58 – 23:11 What are most investors doing when working with August REI as far as exit strategies…. 23:12 – 25:32 Wrap mortgages and creating cash flow….. 25:33 – 28:38 Selling and keeping partials notes for higher yields 28:39 – 32:21 Due on sale clause and should you worry about this 32:22 – 34:45 What happens if I make a payment and the seller doesn’t pay the bank 34:46 – END What happens if someone passes away to the loan