Hopkins Loan Services – Making Your Investment Management Free
Established in 1993, Hopkins Loan Services, Inc. (HLS) is the direct result of growth of Hopkins Financial Services, Inc. HLS provides all the services you would expect from a long-term escrow company, plus several extended features which offer our clients peace of mind.
We Go Beyond:
Most long-term escrow companies are simply responsible for receiving, posting and disbursing payments made by the borrower to the lender. Our servicing safeguards your individual loan investment since not all borrowers pay their mortgages, insurance premiums and property taxes in a timely manner. This can often create an uncomfortable collection/business situation. By adding HLS servicing to your investment, you can be assured that we will take care of all the necessary steps to protect your principal investment, including initiating default/foreclosure (if necessary).
How Does It Work?
HLS can service your real estate secured loan for a percentage of the interest collected on your contract/note. Fees generally range from ½% to 4% (our average service is between 1% and 1.5%) on the yield, depending on the loan amount and credit grade of the borrower. We can service any real estate secured loan; regardless of the lien position, type of real estate or credit grade borrower.
Some of the services we offer:
- Competitive setup and maintenance fees.
- Monthly and year-end statements.
- Professional prompt responses to your needs.
- Auto withdrawal and direct deposit services.