New Life Lending
Loss Mitigation is an attorney-backed process that helps your clients that cannot meet the financial obligations of their mortgage. This process is essentially one of negotiation between the attorney (for your client) and the client's lender. |
Continued...Beginning in 2007 our nation experienced the so-called 'Credit Crunch'. This has left a substantial number of homeowners either facing foreclosure or on the brink of foreclosure. Many of these homeowners began turning to the lenders and brokers who originally placed them in the very loans for which they are now in default/foreclosure proceedings.What they found is that they couldn't be helped. Loss Mitigation exploded onto the scene as a solution that helps these people facing foreclosure. It has brought renewed vigor and profitability to brokers while giving them the opportunity to help homeowners that would otherwise be denied assistance. If you'd like to add Loss Mitigation to your portfolio of product offerings you can fill out the short form to the right, call us, or fill out our Broker Application. |