I waited too long to have Investor Loan Services handle the loan servicing on my notes. Had I realized how much time and effort I was going to save, I would have done this a lot sooner. 
Our Process "It's simple"
Investors provide new loans.
Borrowers make their payments and receive correspondence, 1098's and customer service from ILS.
ILS provides streamlined cash flow and management reports to the Investor.
Internal Revenue Service
ILS will send a Form 1098 “Mortgage Interest Statement” to the IRS and each respective Borrower from whom was received at least $600 of mortgage interest in the preceding calendar year.
Financing Partners
ILS can provide a valuable service as custodian of mortgage documents and provides ongoing audit, management and reporting functions to your financing partners, i.e. bank, as an independent third party servicer.
Attorney
Bi-monthly past due reports are provided to each Investor detailing delinquent accounts to aid in the collection process.
Accountant
ILS provides each Investor with reports showing monies received from Borrowers, streamlining the accounting function and simplifying tax reconciliation.