Loss Mitigation Services

Foreclosure Management Company is proud to be an industry-leader in developing valuable loss mitigation and home retention solutions for the mortgage banking industry. The dedicated Loss Mitigation team works with servicers to transform a delinquent loan into a performing asset when possible. FMC takes a proactive approach to managing a defaulted loan by researching foreclosure alternatives for each borrower on a case-by-case basis. By evaluating each individual borrower's circumstances, FMC is able to recommend workout options designed to meet clients' (and their customers') needs.

Highlight of solutions offered:

• Facilitate communication with borrowers or their counsel
• Collect and submit financial and hardship information
• Prepare payoff and reinstatement letters, loan modification agreements, forbearance plans, deeds in lieu of foreclosure and "cash for keys" agreements
• Coordinate and manage receipt of payoff and reinstatement funds
• Coordinate and manage loan modification agreements and forbearance plans
• Assist with closings and short sales

Also visit our Homeowner Help page, an informative one-stop online resource for borrowers seeking additional resources and information for a multitude of loss mitigation alternatives.