AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Special Report: Defaults & Mitigation.(Brief Article)
The old saying is that the three percent of your loans that are past due account for one third of your servicing costs. The industry's worst nightmare is that bad loans will become a money hole, sucking up resources that could be used to improve customer service or bolster profitability. But not every dollar spent on default management is a dollar lost. Increasingly, the industry is realizing that loss mitigation is one of the most important aspects of the business.
And that means that every dollar spent wisely on loss mitigation may save tens of dollars down the road.
For lenders, going through a protracted foreclosure and ending up with REO is a last resort, and usually a more expensive option than finding ways to avert the foreclosure. Increasingly, repayment plans, workouts, short sales, deeds-in-lieu of foreclosure and forbearance are being used not just to give the borrower a ...
- TNLMA[TM] Announces Official Launch of National Loss Mitigation...
- Press release article from: Business Wire March 11, 2009 700+ words
...policymakers for the loss mitigation industry is vital to...regulation affecting the loss mitigation industry develops...2009 The National Loss Mitigation Association ("TNLMA[TM]"). All rights reserved.
- Counseling Software Now Available for FHA Loss Mitigation.(Brief Article)
- Magazine article from: Mortgage Servicing News November 1, 2000 700+ words
...requirements related to the loss mitigation evaluations that must...insurers and investor loss mitigation guidelines. Mr. Rusli...hosted version of its loss mitigation application. Copyright...Financial Media. All Rights Reserved.
- Default & Loss Mitigation.
- News wire article from: Mortgage Line July 14, 2004 700+ words
...and automate functions on the default management and loss mitigation side of the business to make their servicing shops more productive. Copyright 2004 Thomson Media Inc. All Rights Reserved. http://www.thomsonmedia.com http://www...
- Default & Loss Mitigation.(mortgages)(Brief Article)
- Magazine article from: Mortgage Servicing News July 1, 2004 700+ words
...and automate functions on the default management and loss mitigation side of the business to make their servicing shops more productive. Copyright 2004 Thomson Media Inc. All Rights Reserved. http://www.thomsonmedia.com http://www...
- LOGS Adds Loss Mitigation Feature to Online Communications.
- Magazine article from: Mortgage Servicing News April 1, 2000 700+ words
...Inc. has developed a loss mitigation module for its LOGS...importance of aggressive loss mitigation activity on defaulted...Alt. He said the loss mitigation module enhances the...Financial Media. All Rights Reserved.
- Loss Mitigation for Good Loans Goes Up.
- News wire article from: Mortgage Line Dymi, Amilda October 2, 2008 700+ words
...We have hired new loss mitigation officers in our Houston...he said. Then the loss mitigation plan that is worked...mortgage business. Loss mitigation requires considerable...SourceMedia, Inc. All Rights Reserved. http://www...
- Remote Workforce Helps HomEq Maximize Loss Mitigation.
- Magazine article from: National Mortgage News May 13, 2002 700+ words
...t afraid to let its loss mitigation employees work at home...it does over a thousand loss mitigation deals per month, giving its loss mitigation department a penetration...2002 Thomson Media. All Rights Reserved.
- FHA Proud of Loss Mitigation Efforts.
- Magazine article from: Mortgage Servicing News Collins, By Brian April 1, 2000 700+ words
...as a tool to promote loss mitigation," KPMG says. But...failing to engage in loss mitigation," Mr. Apgar says...already high level of loss mitigation actions achieved by...Financial Media. All Rights Reserved.
Source: HighBeam Research, Special Report: Defaults & Mitigation.(Brief Article)