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Debt Resolve Eyes Home Loan Modification Space.

Mortgage Servicing News

| February 01, 2008 | COPYRIGHT 2008 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

White Plains, NY -- Debt Resolve, which provides consumer debt resolution as well as collections and skip tracing services, has entered into an agreement with a California firm to provide a product for the subprime home mortgage workout/note modification market.

Under the $4.5 million joint venture with The Resolution Group, debt resolve will provide its subprime collection tool, in combination with TRG's mortgage servicing system, to allow homeowners to select options presented to them by the financial institution with the ability to download state-specific loan modification and extension documents to cure a default and prevent foreclosure. TRG will also provide sales, marketing and administrative staff and supervision from a center to be located at facilities in Las Vegas and Irvine, Calif.

TRG specializes in providing consulting, market strategy and planning to the mortgage industry and health care community primarily based on the West Coast.

James Burchetta, Debt Resolve's co-chairman and CEO, said in a news release that Debt Resolve and TRG are in a unique position to provide ...

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Source: HighBeam Research, Debt Resolve Eyes Home Loan Modification Space.

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