The world of investment servicing can become quite confusing. This is especially true is you’re new to investing. With so many questions pouring into our investment servicing department, we decided to put together some of the most helpful answers here for you to learn more.
When funded and closed, a welcome packet goes out that includes their first payment letter, mortgage statement, and coupon payment booklet. In the event of a late payment, letters go out to them on the 15th of each month. In addition, Balloon Payment letters go out at the 90/60/30 day mark before the investment is due.
When the investment is funded and closed, a notification goes to all invested parties. This informs them of their investment number, property address, and percentage breakdown of all investing parties.
Interest payment processing takes 3-5 business days. Disbursements to investors are made on Tuesdays and Fridays, following a 5 day hold to ensure payments clear.
The day investors fund the investment is the first day you earn interest. In most cases, funding takes place somewhere in the middle of the month and as a result, this is considered odd day’s interest. Depending on the day that your investment closes, disbursements go to Investors on Tuesdays and Fridays, following a 5-day hold to ensure payments clear. Payments either go out through direct deposit or the mail. Investors that set up for direct deposit will see their payment hit their account the following business day.
Investor’s set up for direct deposit receive monthly statements detailing a summary of their serviced investments. Investor statements illustrate information on each payment disbursed.
Each investment is set up to only disburse to one account.
Investors are always notified when welcome packets go out to Operators. Upon request, we can provide a copy of statements sent to Operators.
To sign up for a free account on DiversyFund’s crowdfunding real estate platform, click here.
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