Understanding vendor's mortgage process is important before outsourcing. Take a look at our loan process.
Loan defaults and non-payment of mortgage monthly payments may lead to a lot of hassles for the lender. In such situations, it is the responsibility of the lender to reach out to the borrower in order to help them keep their home while ensuring that all the mortgage loan conditions are being met. However, when you try to reach the borrower, you may face difficulties, as, from the borrower's perspective, you are a predator looking for the missed mortgage payments. The scenario may become quite difficult to handle unless you establish a rapport with such borrowers and ensure them that you are trying to help.
Flatworld Solutions, a leading mortgage services company can provide you with the best-in-class services for borrower solicitation and resolve the problems you may be facing while dealing with borrowers. Our mortgage solicitation experts help you establish early contacts with the borrower, explain them how you are trying to help and resolve, both long term or temporary challenges which they may be facing in paying the monthly mortgage loan payments. We have a team of experts, who excel in communicating effectively with the borrowers and solve the issues in a hassle-free manner.
We offer a comprehensive array of borrower solicitation services to our clients. We provide borrowers the alternatives to resolve delinquency issues so that their credit ratings and equity remains protected while the stated “quality right party contact” standards by Freddie Mac are also satisfied. We ensure that we comply with the mandatory terms established by Freddie Mac.
Our borrower solicitation services include -
We follow a standardized process to deliver result-oriented borrower solicitation services. The steps that are followed by our experts include -
If our solicitation letter meets a response from the borrower, we acknowledge the borrower within three business days and confirm that we have received the reply. However, in the event of incomplete response, we send another letter to the borrower to inform him/her about the missing information or document along with the earliest date on which we await the response.
Within 30 days of the receipt of all the required documents, we inform the borrower the different loss mitigation or foreclosure alternatives that are available, and also provide them the detailed information regarding the further process to be undertaken.
Flatworld Solutions is a professional mortgage service provider that offers its clients the best services through highly-trained employees. Some of the vital factors which differentiate us from our competitors include -
Flatworld Solutions has been providing exceptional borrower solicitation services and a host of other underwriting services to clients around the world. Our experienced team consists of mortgage specialists who are trained from premier institutes of the world. Our cost-effective services help our clients to save considerable amount of time and money which would otherwise be invested in hiring an in-hose team of mortgage specialists.
Contact us today for optimizing your loan defaults and avail hassle free borrower solicitation services!