"My accountant referred me to Investor Loan Services. He explained how they could simplify the process and manage the collection of my notes to ensure that at the end of the year, all my accounting for these notes was in order; I wish I had done this a long time ago."

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P.O. Box 1064
San Benito, TX 78586
1 (877) 399-1211

Investor Frequently Asked Questions:

What are the advantages of having ILS service my notes? TOP

  • Access to a professional and trained loan servicing staff
  • Detailed reports of portfolio activity
  • Increased revenue and reduced overhead
  • Off-site processing and third party customer service provider
  • Maximized investment returns (daily or monthly accrual methods)
  • Professional Management Reports for Investor Controls
  • On demand accounting information
  • Professional reporting to financing partners
  • Complete IRS annual reporting for 1098’s
  • Assitance in complying with applicable local, state and federal laws and regulations
  • Excellent audit trail for the investor and the borrower
  • Allows you to pursue other business opportunities

Are you bonded and insured? TOP

Yes, Investor Loan Services, Inc. is both bonded and insured to protect our Investor clients.

How and when will my proceeds be disbursed? TOP

Each payment is deposited in the Servicer’s Master Trust Account to be disbursed to the Investor twice a month, on the twelfth (12th) and twenty-seventh (27th) day of each month.

Each payment will maintain a hold date of two (2) business days from the date of receipt. Thus, payments received after the tenth (10th) and the twenty-fifth (25th) will be disbursed in the following disbursement.

Disbursements are made to the Investor by electronic funds transfer by means of the Automated Clearing House (ACH) to the Investor’s bank account as set out in the Loan Servicing Agreement.

What reports will I receive at disbursement? TOP

You will receive the “Check Statement” showing the amount disbursed, the “Investor Disbursement Report” detailing the payment breakdown by borrower and the “Delinquency Report”.

What Year End reporting will you provide to my borrower? TOP

We will provide applicable IRS annual reporting for 1098’s.

What Year End reports will I receive? TOP

You will receive a Trial Balance Report, New Loan Report, Write-off Loan Report, Paid-off Loan Report and the Investor Disbursement Report detailing principal, interest, late charges and other fees collected.

How will I be notified of any past due accounts? TOP

You will receive a delinquency report semi-monthly with each disbursement if there are accounts past due more than 30 days.

Do you provide document preparation (release of lien, etc.) when an account is paid off? TOP

We have a relationship with an Attorney that can accommodate these services. In most instances, the document preparation fees are paid by the borrower and we can collect the fee from the borrower.

How is my customer information safeguarded? TOP

Our Privacy Policy describes how we use and protect your information as well as that of borrowers. We believe that protecting your privacy and that of your borrowers is an important part of the customer service you expect and one we are committed to providing you.

What happens when my notes become past due? TOP

ILS will send a 15 day payment reminder notice and can accommodate 30 and 60 day past due letters. We have a relationship with an Attorney that can handle all the collection procedures for you from beginning through foreclosure. There are several options regarding collection accounts. Collection accounts will be handled according to the instructions provided on the Loan Servicing Agreement.


What if one of my borrowers has someone who wants to assume the note? TOP

An Assumption can be completed upon approval from the Investor. We have a relationship with an Attorney that can handle the Assumption process for you. Typically, the borrower pays the associated fees and the transaction can be closed at our office. Assumptions will be handled according to the instructions provided on the Loan Servicing Agreement.

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