 Receivables
Management
- Loan Servicing. We service and report
on many types of loan amortization including
simple interest calculated daily (paying
monthly or quarterly), payment amortization,
variable rate, balloon, 30/360, and rule
of 78s.
- Invoicing. Equiant provides fee account
servicing requiring bi-annual, annual,
semi-annual, quarterly, and monthly payments;
finance and late charges; and multiple
reminder notices. We can provide fully
customized periodic statements, and have
the ability to track and provide separate
reporting on fees, dues and services relating
to Maintenance, Membership, Legal, Collections,
Association, and Taxes.
- Payment Processing. We provide a variety
of payment options including
payment coupon, SurePay (EFT/ACH), credit
card, and statement with OCR remittance
and envelope.
- Lockbox Capabilities. Equiant ensures
security of client funds through a national
retail lockbox operation, whereby customer
payments are accepted and easily directed
to client- or lender-owned accounts.
- Private Label. Clients may choose to
have Equiant servicing appear transparent
with client operations. All contact with
the customer including statements, ACH,
SurePay, and letters can be performed
under the client name.
Backup Servicing
Equiant can provide extensive backup servicing
programs to securitization Trustees. Our
programs are organized under the common
industry designations of cold, warm, and
hot, and provide Trustees with an array
of services that can be customized to fit
the wide variety of securitization transactions
coming to market. Critical servicing tasks
can be performed in as little as 24-48 hours.
Securitization
Equiant is an experienced securitization
servicer and document custodian for the
resort and timeshare industries. We have
been twice approved by major rating agencies
for our excellence in servicing asset backed
securities. As a pioneer in static pool
reporting for the timeshare industry, our
static pool reports are extremely flexible
incorporating multiple parameters to tailor
the analysis to the specific needs of the
rating agency or investment banker. Equiant
is fluent in coordinating with trustees,
investors, rating agencies, investment bankers
and the issuer to make a successful securitization.
Securitized collateral is individually bar
coded and safely stored in our vault with
only copies of documents allowed to leave
the facility.
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