WE Fund MortgageS inc.
Leverage our expertise in real estate, law, administration and mortgages to save yourself the time and tools needed to successfully administer and service your mortgage loans.
Mortgage Administration & Servicing
With over 35 years of combined experience in real estate investing, private lending and real estate law, the ‘we’ behind WE Fund Mortgages Inc. has what it takes to service your mortgage loans. We can also educate you on what to look for in evaluating future loans to make sure there’s a fit with your risk tolerance. Our goal is to make mortgage investing simple by removing the day-to-day operational and administrative tasks of private lending so you can focus on what’s important to you, whether it be growing your portfolio, spending time with your family, or exploring your other passions.
- We manage your investment from the very start to ensure your return.
- We will look after the paperwork, legal requirements, collection and disbursement of payments, right up to and including discharge of the loan.
- We can offer you assistance should a difficult decision about a loan need to be made.
- We offer the opportunity to invest in private mortgages without having to be an expert.
WE Make Mortgage Lending Simple
Book a time with us so we can find out about your investment style. We want to know about what kind of property you prefer to lend on, where, and what your risk profile looks like.
The Servicing of a Mortgage
You’ve found a mortgage loan that suits your investing goals, risk tolerance and other criteria, now what?
Once a mortgage loan closes, we work to keep it operating smoothly for the duration of its term. Our strength is in communication with you and the borrower. In addition to communication, our service includes such things as:
- Initial and ongoing contact with the borrower regarding such things as their payments amounts, how to contact us, and what to expect throughout the term of the mortgage.
- Collecting payments from borrowers either by cheque or pre-authorized withdrawals in accordance to the mortgage commitment and terms.
- Depositing payments into investor's accounts by electronic funds transfer (EFT). This is done promptly after funds are confirmed to have cleared.
- Recording and reporting for any returned payments and following up with the borrower for demand payments to bring the loan into good standing. This would also include NSF fees due and informing the borrower of the consequences of not following through with their loan payment obligations as per the mortgage commitment.
- Preparing and sending out mortgage statements, discharge statements, and/or other requested documents in accordance with the loan.
- Maintaining and keeping record of the borrower, guarantor (if applicable), and emergency contact.
- Regular reporting and communication with our investors to ensure they are in the loop on how the loan is performing.
- Assisting with facilitating enforcement of any mortgage loan that is in default. We will attempt to contact the borrower for arrangements suitable to our investors; however if this is not an option, we will consult with our investor on next steps, such as power of sale/foreclosure proceedings, obtaining judgement for losses against the borrowers/guarantors, etc.
Have more questions?
Interested in more information?
We value getting to know you and your unique investment needs. By learning about what we do and what you’re looking for, we are confident we’ll be an asset to your real estate and lending team. Contact us for a free consultation.
