Generates customer approval and adverse action notices for modifications, short sale or deed-in-lieu.
March 02, 2020
Calculate modification principal balance capitalization for approved retention options, taking into account past due interest, escrow, and 3rd party advances.
March 29, 2020
Request and follow up on foreclosure hold as necessary.
April 06, 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.
April 16, 2020
Run a pro forma escrow analysis to ensure proper modification escrow payment calculations.
May 17, 2020
Contact homeowners and real estate agents to provide status of loss mitigation files.
July 08, 2020
Complete system tasks as required to maintain compliance with Treasury, Company and Investor guidelines.
July 10, 2020