Payment Automation Network offers comprehensive note servicing that manages all types of loans. Their services include collecting payments through automatic bank drafts, sending tax forms and statements, tracking loan amortization, and handling escrow collections. They provide accounting services like computing principal and interest, and accept payments by phone or mail while applying them based on the client's preferences. Pricing depends on loan volume but has no minimums or maximums.

1. Note Servicing
By Payment Automation Network, Inc.
We offer the most comprehensive note servicing in the
industry
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 can manage every type of Toll-free Customer Support.
What you receive with our services:
loan. Friendly client services representa-
• We collect payments with automatic
tives are available 9AM - 5PM
Manage Installment Real Estate bank drafts.
Mortgages, Deeds of Trust, Adjust- Monday thru Friday PST to re-
• We send out 1098 Tax forms and spond to changes in loan payments
able Rate Mortgages, Land Con-
tracts, Bank Loans, Finance Agree- Interest Tax Statements. or help resolve payment difficul-
ments, Personal Loans, Notes, • We send yearly Payment Coupon ties.
Commercial Loans, Construction Books or Monthly Statements
Loans, Auto Loans, Student Loans, Multiple Loan Calculations
• We track amortization (Applying Payments Your Way)
Legal Judgments and Billings, In-
surance Collections, Equipment • We can handle Escrow collections,
Leasing, Retail Purchase Financ- tracking and payments for Property Is your note servicing company
ing, and other types of loans. Taxes and Insurance. able to apply payment amortiza-
tions they way you calculate them?
• Collection of past due accounts over
Complete Accounting Services the phone and by mail. We compute the amortization of
• Computing of Principal and In-
• We accept checks by phone to make payments for principal and interest
terest it more convenient for your payers to the way you calculate it.
pay.
• Detailed year-end statements • Simple or compounded interest
• True Escrow reserve and dis-
• We provide you with comprehensive calculation with different com-
bursement processing professional reporting. pounding frequencies? No prob-
• Automatic payments by Bank • We can send payoff quotes any time lem.
Draft free of charge. • 360 or 365 day year calculation?
• Ability to service loan participation No problem.
• Annual payment coupon books
or monthly statements structures involving numerous • Interest Rates based off a rate
investors. table and margin? No problem.
• Payments accepted by phone.
• Do you need to apply P&I, Late
• Free payoff quotes
Fees and Escrows in a certain
• Annual tax statements order? No problem.
• 1098 reporting How Much Does It Cost? • Late fees by dollar amount or
• Late payment letters automati- percentage? No problem.
cally sent Our pricing depends on the number of loans • Principal Balance Adjust-
and the volume of payments to be processed. ments? No problem.
A small service fee per transaction is typical. • Multiple Escrow Reserve Ac-
counts? No problem.
The good news is there are no minimums or
• Prepayment Penalties for early
maximums to worry about. Contact a repre- payoffs? No problem.
sentative to go over pricing details for your
Payment Automation Network business.
Call (800) 813-3740
www.PaymentAutomation.net
NATIONWIDE NOTE SERVING - Call Toll Free 800-813-3740