Did you know most mortgages at CorTrust stay local? This ensures you work with a real person who can make decisions quickly and get you answers. Remember, a mortgage servicer is the company that handles the day-to-day administrative tasks of your home loan, such as payments, sending monthly statements, and managing escrow accounts. This is different from your mortgage loan originator.
Here are a few reasons local mortgage servicing at CorTrust is a pretty big deal:
- Escrow - all escrow items, such as increases, adjustments, paying of taxes, and more, are handled by our team.
- Convenience - when your mortgage is serviced locally, you don't have to worry about your loan being resold, which involves re-setting up ACH and multiple year-end tax documents.
- Local - our local staff in Sioux Falls, SD, is comprised of one team, ensuring you work with a single, dedicated department.
- Payment Options - we offer multiple payment options, including bi-weekly payments or more traditional monthly payments.
- Flexibility - if you make a large principle payment, we can review the possibility of adjusting your monthly payment over the remaining term.
- Hardships - if you lose your stream of income, our team is quick to work with you through options to protect your home.
- Insurance Claims - have you ever experienced storm damage to your home from heavy winds, snow, ice, or hail? Individuals with local mortgage servicing are able to get their home claims handled within a few days. With other institutions it can take weeks.
Ready to start taking advantage of our local mortgage servicing? Schedule a free home mortgage consultation today with our experts. Have a question about an existing mortgage? Contact our mortgage servicing team today!
Insurance products are not insured by the FDIC, are not deposits, and may lose value.