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| Loss Mitigation |
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As part of our Loss Mitigation Solution, ISGN provides comprehensive, component-based loan modification and restructuring programs that can be tailored to meet your business-specific needs.
Our comprehensive approach addresses the Loss Mitigation process from portfolio analysis to loss modification to customer contact, all the way to signing and recording. This enables our clients to avoid costly foreclosure proceedings and return loans to performing status quickly:
| ISGN offers comprehensive, complete, compliant loan modification services with stringent regulatory and agency compliance |
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Portfolio analysis, staying compliant and applying investor business rules to define recommended workout paths. |
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Immediate capacity to handle high processing volumes |
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Quality control reviews to confirm accuracy and compliance |
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Our technology solutions offer Integrated status tracking and monitoring throughout the loan modification lifecycle |
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Completed package scanning, imaging and indexing services |
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Recordation and trailing document services based on investor guidelines |
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Web-based / web enabled technology providing seamless and continuous flow of data. |
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Services via a SAS 70 - compliant services data center |
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Analyze and identify potential loans which are candidates for pre-emptive loss mitigation, or are in early/ late stage delinquency. |
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Employ ISGN’s proprietary foreclosure loss models to precisely quantify the expected loss of each individual loan. |
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Create consensus based authority matrix for Loss Mitigation action to be pursued |
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Establish contact with the borrower through skip tracing or other direct contact to explore loss mitigation options |
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Work directly with the borrower to secure all documentation required to verify eligibility |
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Perform appropriate Loss Mitigation action to reduce loss on the loan such as: |
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Temporary Relief - Partial Payments, Temp Indulgence, Liquidating Plan, Forbearance |
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Loan Modification - Rate Reduction, Term Extension, Delinquent Pmt, Capitalization, Refinance, ARM Modification, Allow Assumption |
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Asset Disposition - Short Sale, Deed In Lieu, Foreclosure |
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Client – appropriate Loss Mitigation strategy customized based on the historical success ratios of loans with similar characteristics and predicted loss estimates |
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