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MOS Loss Mitigation Outsourcing Solutions
The MOS Loss Mitigation Outsourcing Solutions picks up where the "No Contact" process
ends with a tailored solution that allows an individual servicer to customize our
solution to better fit their unique requirements. When a servicer chooses to use
MOS for their Loss Mitigation needs they are taking advantage of an experienced
professional staff that that can be used as a complete outsource solution or an
overflow outlet for staffing deficiencies caused by rapid downward trends in the
market. Our primary concern is the reduction a servicer's loss severities by already
established means such as, but not limited to, Loan Modifications, Payment Plans,
Forbearance Agreements, or Short Sales. In the recent past Loss Mitigation has become
the primary focus in the mortgage servicing industry as the preventive measure and
answer to losses due to foreclosure. As a result, many servicers have struggled
to keep up with the rising number of borrowers that are in need of help.
Our Loss Mitigation solution is a combination of cutting-edge technology and experienced
staff that make an intensive effort every day to keep borrowers in their homes and
save our clients money. Our process starts with locating and making contact with
the borrower and then working with them to quickly identify the available opportunities
to resolve their delinquency with the goal of retaining home ownership.
Our staff is trained on how to best interview borrowers and identify the best possible
resolution based on the information received and the investor requirements.
Benefits:
- Tailored to each client’s unique needs and requirements
- Delegated authority permits our client to benefit from our knowledgeable workforce
- Higher resolution rate
- Reduce Losses
- Increase overall portfolio performance
- Reduce overall staffing and training cost
- Reduces number of Foreclosures
- Bolsters servicer ratings
- Reduces number of bankruptcies
- More resolutions
All workouts are submitted electronically for our client’s approval and can be uploaded
into all three major servicing systems with very little effort (MSP, LSAMS, MortgageServe)
» For more information, click here.
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