Foreclosure Sercives & Solutions
Foreclosure Management Company (FMC) is committed to providing the highest quality foreclosure services. With national coverage through a network of strategically located firms across the US since 1996, FMC reduces servicing expenses through reallocation of servicer labor resources. FMC's philosophy is to approach each case with a common goal to minimize the potential loss to both the servicer and the investor arising from the liquidation of delinquent loans. The company's cornerstone is a fully integrated case tracking and file management system. This highly customized workflow solution enables the company to quickly adapt to changes in volume and to leverage an extensive knowledge base and broad range of experience.
Highlight of solutions offered:
- Judicial and Non-judicial foreclosures
- Compliance with Fannie Mae, Freddie Mac, HUD and VA standards
- Stringent document retention and document verification procedures
- Timely escalation of non-routine matters
- Real time file status for nationwide portfolios
- Compliance with Service Members Civil Relief Act
- Affiliated trustee company, Trustee Management Company (TMC)
- Timeline management and robust reporting
- Expedited transition to loss mitigation solutions if warranted
- Responsive and timely reporting to client web portals
- Post sale coordination with timely investor package submission
- Quick transition to eviction processing
- Cost effective versus managing hundreds of separate firms & companies