Does Evergreen lend money?

No. Evergreen provides loan servicing for various types of private money contracts but does not lend money itself.

In which states can Evergreen service loans?

Evergreen states it is licensed and bonded to provide servicing in 27 states and will give the complete list on request. It advises confirming that any servicer is properly licensed and bonded in the state where the property is located.

Can Evergreen handle tax and insurance payments?

Yes. Optional tax and insurance impound or reserve accounts are offered for a monthly fee, using a national tax reporting agency to reduce the risk of missed or late tax payments. Evergreen can also calculate California Franchise Tax Board payments and make those distributions.

What is needed to set up a new account?

Copies of the loan documents being serviced, a completed Account Servicing Agreement with any applicable addendums signed by all account parties, and a new account set-up fee per the current fee schedule.

Does Evergreen prepare loan documents?

No. Evergreen does not prepare loan documents and refers that work to the client's attorney or real estate professional.

Loan servicers

Evergreen Note Servicing

Evergreen Note Servicing is a loan servicing company with corporate offices in Puyallup, Washington. It collects and administers payments on seller-financed real estate contracts, private notes, mortgages and deeds of trust, long-term escrows, and rentals, for private investors, portfolio holders, sub-servicers, and the agents, brokers, attorneys, accountants, and title companies who advise them.

Opening an account requires copies of the loan documents being serviced, a completed Account Servicing Agreement signed by all account parties with any applicable addendums, and a set-up fee per the current fee schedule. Optional services include tax and insurance impound or reserve accounts using a national tax reporting agency, late notices, California Franchise Tax Board distributions, and partial property tax payments. Payors can pay by cheque or money order, online, by phone, by card through MoneyGram, or by automatic monthly ACH debit, and can view payment history through an online account.

The company describes itself as the first full service independent escrow company in Sumner, Washington and cites nearly 40 years of combined experience in escrow, note collection, and technology. It states it is licensed and bonded to provide servicing in 27 states and publishes WA Escrow Agent License No. 540-EA-141844, CA DRE License #01525795, and NMLS #394102, plus licensing by the Mississippi Department of Banking and Consumer Financing and membership of the Texas Land Title Association. Besides the Puyallup corporate office it lists a southwest operation in Phoenix, Arizona and Allegro Escrow in Spokane Valley, Washington; its Reno location has closed and those accounts moved to Puyallup. It also buys servicing portfolios and takes on portfolio outsourcing.

Evergreen does not lend money and does not prepare loan documents, and it does not publish its fees. Ask for the current fee schedule, including the payoff statement preparation fee, and confirm it is licensed and bonded in the state where the property sits before placing a loan with it.

Best for

Note holders, seller-financiers, and small portfolio investors who want a third party to collect payments, run impounds, and issue year-end statements. Not for anyone who needs a loan originated or documents drafted.

What they do

Seller-financed note and real estate contract servicing
Long-term escrow and collection escrow
Private mortgage and deed of trust servicing
Tax and insurance impound / reserve accounts
Automatic ACH and online payment collection
Late notice service
Year-end statements and payoff quotes
Servicing portfolio purchases and portfolio outsourcing

Details

Attribute	Value
Other offices	Phoenix, AZ, Spokane Valley, WA
Licenses	WA Escrow Agent License No. 540-EA-141844, CA DRE License #01525795, NMLS #394102, Licensed by the Mississippi Department of Banking and Consumer Financing
Memberships	Texas Land Title Association (TLTA) member
How they charge	Servicing fees are not published; the company quotes a current fee schedule on request and charges a new account set-up fee.

What stands out

States it is licensed and bonded to provide servicing in 27 states, with the full list available from the office.
Publishes WA Escrow Agent License No. 540-EA-141844, CA DRE License #01525795, and NMLS #394102, and is licensed by the Mississippi Department of Banking and Consumer Financing.
Offices in Puyallup, Washington (corporate), Phoenix, Arizona, and Spokane Valley, Washington, after closing its Reno location.
Cites nearly 40 years of combined experience in escrow, note collection, and technology, and is a member of the Texas Land Title Association.

Common questions

Does Evergreen lend money?: No. Evergreen provides loan servicing for various types of private money contracts but does not lend money itself.
In which states can Evergreen service loans?: Evergreen states it is licensed and bonded to provide servicing in 27 states and will give the complete list on request. It advises confirming that any servicer is properly licensed and bonded in the state where the property is located.
Can Evergreen handle tax and insurance payments?: Yes. Optional tax and insurance impound or reserve accounts are offered for a monthly fee, using a national tax reporting agency to reduce the risk of missed or late tax payments. Evergreen can also calculate California Franchise Tax Board payments and make those distributions.
What is needed to set up a new account?: Copies of the loan documents being serviced, a completed Account Servicing Agreement with any applicable addendums signed by all account parties, and a new account set-up fee per the current fee schedule.
Does Evergreen prepare loan documents?: No. Evergreen does not prepare loan documents and refers that work to the client's attorney or real estate professional.