We provide services beyond BPOs and REO sales including assisting you with FHA required loss mitigation services through pre-foreclosure sales, and assistance with conventional loan loss mitigation.
Upon your request we place individuals who are late with payments in touch with a non-profit foreclosure counselor, attempt a work-out agreement if feasible, and assist them with a pre-foreclosure sale if necessary.
If you are an FHA lender you are aware that they track your loss mitigation procedures and your success rates. To link directly to FHA's lender tracking report and see how you are ranked - click here.
So that you can keep apprised of the changes in FHA loss mitigation requirements we have also provided a link supplying you with a record of FHA "Mortgagee Letters." To view FHA's expectations of your loss mitigation procedures and performance - click here. |