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August REI, LLC

P.O. Box 496644, Garland, TX 75049
Amy Sayre, Managing Principal
844-286-1145 (Landline)

Short Description

August REI, LLC provides integrated loan servicing options, including the following: • Credit Reporting • Transfer or Welcome Letter with Coupon Payment Book • Collection of monthly payments • Processing of monthly payments • Disbursement of funds to appropriate parties (lender, underlying loan, etc.) • Direct Deposit of Lender funds • Monthly statements to Lender • Monthly statements to Borrower • Online Lender Account Access • Automatic Debit payment option for borrowers (ACH) • Management of Escrow Funds (Taxes & Insurance) • Late Notices • Issuance of yearly 1098 & 1099 IRS Forms • Annual Account Analysis of Escrow Funds August REI, LLC acts as an intermediary between the Lender and Borrower. Basic collection procedures start according to the legal docs provided; for example, if Note terms state Due on the 1st, Late after the 10th, we would start the default process on the 11th. • Late Notices mailed and emailed • Calls made to the Borrower • Notification to Lender ADDITIONAL SERVICES FOR ADDITIONAL FEE (UPON REQUEST BY LENDER ) • Homeowner Insurance – correction and Implementation • Deferred payment or workout programs • Refinance or Loan Modification Overall, August REI, LLC is a disinterested third party that acts as a “back office administrator” giving the lender as well as the borrower, peace of mind that all payments regarding a loan are being paid in a timely manner.

Loan Servicing
Services performing loans:
Yes
Provides Loan Set Ups for Performing Loans:
Yes
Works with escrow accounts:
Yes
Provides Escrow Services:
Yes
Provides Loss Mitigation Services:
Yes
Provides the Lender a Monthly Report:
Yes
Provides Online Website Portal to Track Loans:
Yes
States they Service:
All 50 States

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P.O. Box 496644, Garland, TX 75049

Contact Persons

Managing Principal
Business Hours
Open by appointment
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Services
Contact
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112 Harvard Avenue, Suite 250

Claremont, CA 91711

Phone: 949-200-7109

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