Request and follow up on foreclosure hold as necessary.
May 18, 2020
Review loss mitigation package documentation in accordance with Regulation X (30 calendar days) to determine if the homeowner qualifies for a loss mitigation option, and report information to investor, client, insurer.
July 21, 2020
Handle all written and verbal correspondence professionally between the homeowners, client, investor, insurer, subordinate lien holders, real estate agents, consumer credit counseling services, and foreclosure attorneys.
July 31, 2020
Calculate modification principal balance capitalization for approved retention options, taking into account past due interest, escrow, and 3rd party advances.
August 04, 2020
Contact homeowners and real estate agents to provide status of loss mitigation files.
August 17, 2020
Run a pro forma escrow analysis to ensure proper modification escrow payment calculations.
August 18, 2020
Order and review BPO/AVM/appraisal as applicable.
September 01, 2020