Loss Mitigation

Peoples Processing offers a suite of services in Loss Mitigation:

Modification Review
To underwrite the workout packages received from the default borrowers to decrease the current ROI and extend the loan tenure

Mailbox Management
Monitor the mailbox and distribute them to the concerned department based on the packages received fromborrower or internal source

Document Indexing
Index the document received with the appropriate naming convention and upload it to the portal

Reinstatement Quote
To create a quote with all the delinquent amounts including additional service charges

Deed in Lieu
A deed in lieu of foreclosure is a deed instrument in which a mortgagor (i.e. the borrower) conveys all interest in a real property to the mortgagee (i.e. the lender) to satisfy a loan that is in default and avoid foreclosure proceedings

Short Sale
The term “short sale” refers to the fact that the home is being sold for less than the balance remaining on the mortgage

Benefits of partnering with Peoples Processing for Servicing

Over a decade of experience in Nationwide Loan Processing:

Licensed to do business in 29 States, enables adherence to your state-specific requirements

Headquarters in Austin, TX with two production facilities located in India

Experience working with all the leading LOS, Compliance and Servicing platforms

Flexible engagement model to help you reduce fixed costs

SSAE 18 compliant (SOC 2 audit in the process)