Loan Servicing
Turnkey solutions for all credit tiers.
The key to Center Street Finance’s success stems from three critical components of our services:
Loan Servicing
Center Street Financing assists you in transferring your portfolio to third-party or backup loan servicers. We will oversee the process to ensure a smooth transition and monitor the servicers daily and monthly. Our approach is tailored to your portfolio and compliant with state and federal regulations. We also conduct audits to ensure collection practices, procedures, and policies meet industry standards.
Upfront Diligence
Before purchasing loan pools, we conduct a thorough review to ensure compliance and avoid issues. Our team predicts deferment, collector success, collateral depreciation, prepayment rates, and delinquency. To optimize the transfer of loans, we customize campaigns and strategies for each portfolio.
In-depth Reporting
We create custom reports tailored to our client’s specific needs, including daily and monthly management and operational reports. Our systems are compatible with the majority of industry-standard loan servicing systems. We offer our clients comprehensive monthly surveillance and analysis reports.
Whether you are just purchasing a portfolio or already have one on your balance sheet, Center Street Finance can manage your portfolio to ensure performance is within expectations and provide early warning if adverse trends are identified.
CFS’s capacity in portfolio management:
- Sources portfolios from third-party originators
- Prices and negotiates the purchase of such assets
- Performs all collateral diligence – including reviewing 100% of all contract files and recalculating all loan attributes and amortizations
- Transfers servicing to a CSF-managed platform
- Manages the complete servicing of the assets
- Identifies trends and introduces strategies to counter negative trends
