SPECIAL SERVICING SOLUTIONS
LoanCare will work with mortgage companies with limited servicing capability who own or are considering acquiring seriously delinquent portfolios.
Upon direction from a mortgage company client, LoanCare will deploy liquidation initiatives such as short refinances, short sales, deed-in-lieu or foreclosure strategies. LoanCare can also implement retention strategies such as repayment plans, forbearance plans or loan modification programs that will increase cash flows while helping borrowers keep their homes. LoanCare has a proven record of working to maximize returns on both performing and non-performing loans for existing and newly acquired portfolios.
LOANCARE'S SPECIAL SERVICING GROUP WILL:
- Work with you to determine strategies for your portfolio that includes cash flow, monetize (liquidation strategies), and back-end execution
- Leverage a proven loss mitigation platform with industry experts working to return loans to a performing status
- Provide detailed loan-by-loan performance reviews at a frequency you require, maximizing your portfolio returns. Details include modification statistics, cash flow, roll rates, loss severity, refinance options and more
- Facilitate the foreclosure process when necessary, monitor bankruptcies and arrange for REO disposition