Unlike the competition, Pricing is straightforward with Loankin !
NO SETUP FEE
Free for the first 3 months !
Modification or Deferral Fee
Included in the fees
Customer Service/Assistance through the life of the loan from start to finish by email or by telephone by our Loan Experts.
Customizable Standard Promissary Note and resources for standard Mortgage Notes. You may also provide a third party note of your own design.
Processing of borrower payment via ACH on your desired draft day.
Remittance of borrower payments to the lender on designated remittance days. Monthly fees may be paid by the borrower or the lender.
Online customer portal available 24x7 for access to transaction histories and to request loan modifications.
A year end summary including interest earned for the borrower and lender.
What we don't do for you
We are not a collections agency. We do not collect on delinquent loans. It is the Lender's responsibility to perform collection functions.
We do not disburse taxes and insurance for Mortgage Loans. It is the responsibility of the borrower or the lender to pay these items. We may assist by collecting an escrow amount with each loan payment. The borrower or the lender may then request a disbursement from this account when it is time to pay taxes or insurance.