Loan 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 quote payoffs any time free of charge.
  • Ability to service loan participation structures involving numerous investors.

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.

Loan Servicing Made Easy

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.