IMS Helps Servicers.(Integrated Mortgage Solutions)

Byline: Anthony Garritano

Houston-As servicers continue to feel the pinch of the market, overloaded with defaults, Integrated Mortgage Solutions here has launched Asset Disposition and Management Services to help servicers handle loss mitigation tasks on an outsource basis.

IMS will continue its loss mitigation services including skip tracing, door-knocker, inspections and preservation, as well as its borrower outreach call center and short sale service. The IMS call center is also geared to assist lenders and servicers with the new Streamlined Loan Modification Program launched last month by the Treasury Department, Federal Housing Finance Agency, Department of Housing and Urban Development, and Hope Now.

"Servicers are having a hard time keeping up with volume to prevent foreclosures," said Cheryl Lang, president of IMS. "People can't get through to the servicer. If they do they get different people every time. There's no consistency. We want to help servicers get over that hump.

"We'll have staff certified to talk to borrowers. We can send out loan-mod packages. We have a network of Realtors to help borrowers reach out to them to do short sales. They can pick and choose which services they want or they can use all of them."

As financial and housing markets ...