Loss Mitigation

Secure Collateral offers loss mitigation services designed to reduce delinquency and foreclosure expenses incurred by our Client. Our loss mitigation specialists have in excess of 25 years of mortgage collection and loss mitigation experience and will negotiate on the lenders behalf to achieve the optimal solution to the delinquency.

Delinquency interview

Telephone communication with property owner to obtain information concerning the Borrower’s employment, income, financial obligations, any additional income or repayment proposal.

Face to Face Interview

Personal meeting with property owner to obtain updated information concerning the Borrower’s employment, income, financial obligations, any additional income and repayment proposal.

Skip Trace

Licensed investigation team employs a variety of sources to compile the most recent information on the Borrower’s location.

Deed in Lieu of Foreclosure

Comprehensive execution services for deed in lieu transactions between Lender and Borrower(s).

Loan Modification

Comprehensive execution services for loan modification transaction between Lender and Borrower(s).

Repayment Agreement

Comprehensive execution services for repayment agreement between Lender and Borrower(s).

Forbearance Agreement

Comprehensive execution services for forbearance agreement between Lender and Borrower(s).

Partial Claim

Comprehensive execution services for partial claim between Lender, Borrower(s) and Mortgage Insurance Company.

Short Payoff

Comprehensive execution services for short payoff transaction between Lender and Borrower(s).

Cash For Keys Transactions

Comprehensive execution services for cash for keys transaction between Lender and Borrower(s).

Loan Resolution Tracking

Monitoring and tracking services on repayment arrangements between Lender and Borrower(s).

Loan Counseling

Experienced loan counseling team conducts telephone interviews with Borrower(s) to determine reason for delinquency, resolution options and introduction of possible loss mitigation alternatives.

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