OAK STREET SERVICING®
With Oak Street Servicing, you get a seamless transfer of records, ease of access, and a secure and stable collections platform with minimized documentation costs.
- Ability to store loan documents electronically
- Automatic recording of payment history
- Capacity to transfer borrower history to your systems
Oak Street Servicing can provide you with back office savings, flexibility of payment approaches while maximizing recoveries.
- Daily bank activity import
- Payment reconciliation with amount
- Processing of loan payoff upon full payment
We customize collections to your risk levels, including setting up trigger points for consultation, regulatory compliance and trigger points that denote when you want to be contacted.
- Communication with the borrower when payment doesn’t cover amount due or not received
- Management to your risk levels, including borrower communications
- Consultations with you regarding write-off
- Access to Oak Street’s legal network