Whether you are a buyer, seller, investor or real estate agent, if you are interested in seller finance and haven't yet heard of NoteWorld Servicing Center or the importance of a third-party payment servicer, then this post is for you!
NoteWorld Servicing Center is one of the nation's largest servicers for seller finance accounts and a leader in servicing for the debt settlement industry. NoteWorld has been in business for over 30 years and continues to grow since becoming privately owned in 2007. Currently, NoteWorld is servicing over 20,000 active seller finance accounts monthly. NoteWorld is committed to being the most respected third-party payment servicer in the world, offering outstanding customer service, and the best products and services available to meet its customers’ needs.
As one the nation’s largest servicers of seller-finance notes, NoteWorld acts as an independent third party between parties to process monthly loan payments. This means instead of paying each other directly, payments are sent directly to NoteWorld who then disburses that payment. NoteWorld records each payment, calculates the changes to the principal and interest, subtracts the appropriate fees and promptly transfers the payment to the appropriate party. NoteWorld also holds original documents for release when the account is paid in full and processes tax and insurance payments to help keep the parties’ investments safe. NoteWorld’s focus is on the efficient, safe and accurate handling of your money so you can save and invest responsibly.
NoteWorld receives, processes and posts payments from consumers to a non-interest bearing, secure FDIC insured trust account, disburses funds pursuant to written instructions, offers 24/7 account and transaction information, communicates regularly with consumers and provides periodic and year-end reports to consumers.
As a company focused on customer service and the safe handling of our customers' money, NoteWorld has taken significant steps to ensure security and to protect itself from financial risk. NoteWorld is a Delaware Limited Liability Company authorized to transact business in all 50 states. NoteWorld maintains licenses as an escrow servicer in each state where such a designation, or like designation, is recognized and where NoteWorld conducts business. At NoteWorld, we pride ourselves on our registration as a Money Services Business at the federal level, being compliant with the Bank Secrecy Act and OFAC (Office of Foreign Assets Control) and continuously training our staff on our money handler’s policies and procedures.
NoteWorld is a stable, customer-oriented company providing quality escrow and payment processing services to its consumers. NoteWorld has its headquarters in Tacoma, Washington and has been a fixture in the downtown landscape for more than 20 years. NoteWorld also has established offices Arizona and Oregon, giving NoteWorld a local presence in its high volume servicing areas for enhanced customer support. Our servicing center in Phoenix, AZ provides a secure data back up for our corporate office, insuring our client’s records are always safe and secure. The management team has a combined 80+ years of experience in the financial services and third-party payment processing industries. One of the primary reasons for NoteWorld’s success has been, and will continue to be, its hands-on, aggressive executive management team which is focused on providing professional and accurate payment processing services and outstanding customer service.
For more information on NoteWorld, please visit our website at www.noteworld.com and watch our free Seller Finance Demo.
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