Escrow comapny in PA for owner finance deal

[Christian Petrozza]

I'm currently in the process of closing an owner finance deal in the state of PA. The title company is prepping the mortgage, but is there an escrow company that can disburse the payments over the next 15 years professionally? Is it necessary if the title company is already prepping the mortgage?

thanks, first owner finance deal and was suggested to use an escrow company, but they arent licensed in PA

[Matt Devincenzo]

You need a loan servicer not an escrow company. There are several out there so look them up and see who has their PA license...there are several threads with names, but here are a few:

BIFI, Madison Management, FCI, Allied, Evergreen

https://www.biggerpockets.com/forums/49/topics/1124429-priva...