Payment Automation Network, Inc.

Note Servicing

Eliminate the frustration of payment collections on your existing loans with loan servicing from Payment Automation Network. Our comprehensive service manages all types of installment loans, notes, contracts, and mortgages.

  • We collect payments with automatic bank drafts and send them to you.
  • We send out 1098 Tax forms and Interest Tax Statements.
  • We send yearly Payment Coupon Books or Monthly Statements
  • We track amortization
  • We can handle Escrow collections, tracking and payments for Property Taxes and Insurance.
  • Collection of past due accounts over the phone and by mail.
  • We accept checks by phone to make it more convenient for your payers to pay.
  • We provide you with comprehensive/professional reporting
  • We can send payoff quotes any time free of charge.
  • Ability to service loan participation structures involving numerous investors.

With Note Servicing from Payment Automation Network we can manage every type of loan.

Manage Installment Real Estate Mortgages, Deeds of Trust, Adjustable Rate Mortgages, Land Contracts, Bank Loans, Finance Agreements, Personal Loans, Notes, Commercial Loans, Construction Loans, Auto Loans, Student Loans, Legal Judgments and Billings, Insurance Collections, Equipment Leasing, Retail Purchase Financing, and other types of loans.  

Multiple Loan Calculations (Applying Payments Your Way)

Is your note servicing company able to apply payment amortizations they wayNote Servicing Made Easy you calculate them? 

We compute the amortization of payments for principal and interest the way you calculate it. 

  • Simple or compounded interest calculation with different compounding frequencies? No problem.
  • 360 or 365 day year calculation? No problem.
  • Interest Rates based off a rate table and margin?  No problem.
  • Do you need to apply P&I, Late Fees and Escrows in a certain order?  No problem.
  • Late fees by dollar amount or percentage? No problem.
  • Principal Balance Adjustments?  No problem.
  • Multiple Escrow Reserve Accounts?  No problem.
  • Prepayment Penalties for early payoffs?  No problem.

Complete Accounting Services

  • Computing of Principal and Interest
  • Detailed year-end statements
  • True Escrow reserve and disbursement processing
  • Automatic payments by Bank Draft
  • Annual payment coupon books or monthly statements
  • Payments accepted by phone.
  • Free payoff quotes
  • Annual tax statements
  • 1098 reporting
  • Late payment letters automatically sent

Complete Owner/Portfolio Services

  • Portfolio level accounting
  • Reporting for multiple ownership percentages
  • Disbursements by percentage of portfolio ownership
  • Comprehensive monthly and year-end reporting
  • Year-end 1099 reporting

We offer the most comprehensive loan servicing in the industry.

Toll-free Customer Support.

Friendly client services representatives are available 9AM - 5PM Monday thru Friday PST to respond to changes in loan payments or help resolve payment difficulties.

How Much Does It Cost?

Our pricing depends on the number of loans and the volume of payments to be processed. A small service fee per transaction is typical. The good news is there are no minimums or maximums to worry about. Contact a representative to go over pricing details for your business.

Print our PDF Brochure

 Print our PDF brochure for more information