Spartan provides loan servicing in the following areas:
PAYMENT COLLECTION: The personnel at Spartan collect loan payments and handle all the attendant accounting. Delinquent payments owing receive special regular attention with both written notices and personal contact.
FIRE INSURANCE COVERAGE: Accounts are constantly monitored to ensure that properties have sufficient fire insurance coverage to protect the loan.
INVESTOR SERVICES:Payment checks are mailed to investors three times a month, including compensation for late payments. The accompanying statement details the payment breakdown as well as year to date totals for all accounts. Year end information is supplied annually.