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Credit Plus Moves into Loss Mitigation Space.
Salisbury, MD -- Credit Plus Inc., a credit information services company here, is using its expertise in that field to open a new loss mitigation company, Mortgage Works.
The new company will provide lenders with tools to protect their loan portfolio by identifying borrowers who are at the most risk to go delinquent, explained David Wheeler, a regional account executive for Credit Plus in an interview which took place at the Regional Conference of Mortgage Bankers Associations in Atlantic City.
In a press release, Mortgage Works president Steve Grant said, "Loss mitigation is a real hot button in the industry today. Now more than ever, lenders need assistance in protecting their portfolios and recognizing signals before a loan goes into default so they can provide the borrower with solutions."
Mr. Wheeler said Mortgage Works uses a lot of different predictive elements tied to the loan, which are gathered from different sources.
It offers a full suite of loss mitigation products, including:
* Property ...
- Mortgage Works revamp will 'lead to market gain'.
- Magazine article from: Financial Adviser October 13, 2005 700+ words
SIGNIFICANT changes to The Mortgage Works' self-certification mortgage...new range of products from The Mortgage Works should meet with broker approval...Mr Clifford said that The Mortgage Works' deal had the edge on most...
- Rate drop puts Mortgage Works ahead of the pack.
- Magazine article from: Financial Adviser October 6, 2005 700+ words
A NEW rate cut from The Mortgage Works is aiming to stimulate the buy...review their portfolios. The Mortgage Works has reduced the pay rate on its...Paul Howard, director of The Mortgage Works, said the deal offered intermediaries...
- Cooper set to spearhead Mortgage Works assault on southern England.
- Magazine article from: Financial Adviser December 21, 2006 700+ words
...smaller companies team. Mortgages The Mortgage Works has appointed Alixe Cooper to the role...products to intermediaries for The Mortgage Works, with a focus on buy-to-let...director of intermediary sales for Mortgage Works, said: "I am delighted to welcome...
- Letter: The Mortgage Works doesn't work particularly well for me.(Letter to the...
- Magazine article from: Mortgage Strategy November 21, 2005 700+ words
...else has suffered at the hands of The Mortgage Works. I have placed my first and hopefully...single call. So, my experience of The Mortgage Works in a nutshell; it denies receiving...Anybody else had similar problems? The Mortgage Works? Not for me it doesn't. John Nicholls...
- Ashworth swaps RBS Intermediary for Mortgage Works north east role.
- Magazine article from: Financial Adviser July 26, 2007 700+ words
...its membership base. Mortgages The Mortgage Works has announced the appointment of Sue...west. She will join Portman and The Mortgage Works with more than nine years' experience...products to intermediaries for The Mortgage Works, with the focus on buy-to-let...
- Thinking caps on to stand head and shoulders above the...
- Magazine article from: Financial Adviser Cornell, Jonathan March 23, 2006 700+ words
...they recouped in the fee. When the Mortgage Works launched product BTL09 on 5 April 2005...sincere sign of compliment, then the Mortgage Works received compliments from almost every...product development, but unlike the Mortgage Works one this has not been copied. As with...
- Mortgage Works to offer free energy certificate.
- Magazine article from: Financial Adviser September 18, 2008 700+ words
Byline: Stefanie Ives The Mortgage Works is set to offer free energy performance certificates to landlords...obtaining a certificate. Andy McQueen, managing director of The Mortgage Works, said: "Brokers whose clients are looking for buy to let...
- Special Awards: Mortgage Works is turnaround success story of the sector.(Brief...
- Magazine article from: Financial Adviser November 29, 2007 700+ words
...certainly has reason to smile. In the Mortgage category, The Mortgage Works, a division of Nationwide Specialist Lending, has given...on the five-star table. Mr McQueen admitted that The Mortgage Works was not where it would have liked to be in terms of service...
Source: HighBeam Research, Credit Plus Moves into Loss Mitigation Space.