Your mortgage servicing department is very busy managing performing loans, defaulted loans and related enterprise obligations. You spend most of your time trying to establish communications with borrowers who have defaulted on their loans, but, more often than not, your attempts result in a dead end.
This is a common problem that most lenders are faced with on a daily basis, especially in today’s economy. Borrowers just become uncommunicative and refuse to respond – even when you’re offering them a new opportunity to re-instate their loan.
How can NEIGHBORGATE help?
We know that lenders do not really want to foreclose due to the lengthy process involved and the more expensive outcome. On the other hand, most borrowers would prefer to stay in their homes. In truth, most foreclosures could have been prevented if there was only proper communication between the parties involved.
This is where NEIGHBORGATE comes in. This is where you, the lender, can benefit from our special skills and services. We work with
thousands of experienced home retention specialists who were specifically selected to achieve optimum results in locating borrowers and reestablishing communications between them and their lenders. We obtain all the necessary paperwork, property condition, current valuation and submit these to you for your review. We focus on accomplishing beneficial results to decrease financial losses and to turn defaulted loans into performing assets in the event that the borrower qualifies.
Our network of real estate professionals have experience in accomplishing positive results and are focused on the following areas of expertise: REO and asset disposition services, professional property valuations, management of distressed assets, winterization, board-ups, sales and marketing of real estate owned properties, loss mitigation, work-out programs, loan modifications, home retention, cash for keys negotiations, short sales, deed in lieu assistance, and many more.
They can provide fast and accurate broker price opinions, as well as “same-day” rush service. They are experienced in decreasing financial losses from default loans. They are proficient in online web-based document management platforms. They have had extensive exposure in full corporate owned property management with web-based software applications and customized online and offline target marketing. They can also provide professional digital photography services to show property condition concerns, two-way street scenes, street signs, and subject property address number verifications to ensure accuracy.
If you are looking to save money and time, NEIGHBORGATE is your one-stop outsource company that can handle all your home retention and loss mitigation needs free of charge. Our unique complimentary services are being used by many lenders and have been proven to produce optimum results. Contact us today to become a preferred lender client.