Solutions / Mortgage Recovery
Mortgage Recovery
Navigating mortgage recovery solutions.
Navigating Mortgage
At LCS Financial, our winning combination of seasoned experts and our adaptability give us the leading edge needed to deliver results in even the most challenging mortgage market conditions. By employing targeted loss mitigation solutions, we help financial institutions navigate the complexities of mortgage debt.
Our Approach to Mortgage Recovery
By combining experience and effective loss mitigation, we adapt our strategies to recover from any lien position and at every stage of the loan life cycle.
- Conducting portfolio reviews down to the loan level
- Employing adaptable collection strategies
- Utilizing the latest investigative technology including skip tracing, lien searches, credit reporting and collateral valuation reviews
- Analyzing the borrower’s financial condition to determine their ability to repay debt
- Coordinating communication between financial institutions, borrowers and real estate brokers
- Negotiating lump sum settlements or formal repayment plans
- Providing loss mitigation solutions including short sales and refinances
- Legal Referral Program to LCS Financial Services Corporation, and its nationwide network of collection attorneys
Mortgage Recovery Expertise
With over two decades of mortgage recovery experience, financial institutions have come to rely on our seasoned mortgage recovery expertise.
- Executive leadership with more than 25 years of experience in mortgage recovery and litigation
- Dedicated mortgage default specialists well-versed in collection, loss mitigation and recovery
- A focus on compliance, ethics and win-win resolutions
- In-the-know about regulatory changes affecting mortgage recovery
Recovering On
- HELOCs
- Secured and unsecured charged-off first mortgages and second mortgages
- Short sale, refinance and deed-in-lieu promissory notes
- Mortgage deficiencies
- Insurance claims