Company Services

Placer Lender Services (PLS) provides servicing for institutional investors and private investors regardless of portfolio size.

We will service first, second and third mortgages, mobile home loans, lease contracts and escrow accounts. Our serving covers every aspect of loan administration including investor accounting, escrow, delinquency control, foreclosure management, bankruptcy management and quality control.

Account records can be produced at any time. the date, amount of distribution, installment date or other transactions affecting the amounts due from the Trustor and indicating the latest outstanding balance of principal, impound deposits, and unpaid payments are available upon request.

The Real Advantages and Benefits

All processing include:

Payments to property taxes and insurance with established impound account

Payments to California Franchise Tax Board when requested for FTB Account

Balloon notification-2966 letter

Insufficient Funds notice

Handle Verification of Mortgage requests

Prepare demand for payoff for opened escrows

Process payoffs/prepare reconveyances and sub/recons

Filing required IRS forms 1098 & 1099 at year end

Administration of foreclosures with our sister company Placer Foreclosure, Inc. and bankruptcy referrals

Document preparation, assignments, endorsements

Collection of payments when due

Daily Payment application- payments calculated and applied to principal and interest

Accurate record of every payment and disbursement

Customer Service – Account information available via telephone, email, or fax

Payment coupons provided

Automatic assessments of late fees according to the terms of your contract

Notices of late payments sent to Trustor/Buyer/Borrower

Offer ACH Debit payments from Trustor/Buyer/Borrower and Direct Deposits for Beneficiary/Seller/Lender

Note Purchasing