Seeking HML Loan Servicing Agreement for Outside Investors

Seeking HML Loan Servicing Agreement for Outside Investors

Member since 2020 · 3 posts · 0 votes

Hi Everyone,

I am looking for templates for Loan Servicing Agreements/Note Servicing Agreements to use with the outside investors for our newly formed HML business. We have all of our necessary loan documents prepared for the borrower transaction but we are looking for a document that breaks down the roles/responsibilities/terms for our investors for each deal.

As way of background, our outside investors will have no ownership interest in the HML business. They'll be entitled to a fixed rate of interest on completed loans.

We recognize the importance of this Loan Servicing Agreement and want to make sure that we get it absolutely right for the investor but also as a protection for us. I've scoured the internet and attempted to contact some other HML lenders on what they are using but have had no luck thus far. Any examples would be greatly appreciated and reviewed under strict confidence.

Thanks!

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  • Real Estate Consultant · Wittenberg, WI · Member since 2014 · 572 posts · 572 votes
    6y
    I don't know of a template. We built ours with our Attorney. You need to start with bullet points of how you want it to look and then refine it after the rough draft until it does everything you want. I don't believe you will find a shortcut for this......
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