Default, Delinquency: Aggressive Collections Not the Answer

By |2025-03-17T13:31:16-05:00March 19th, 2025|Operations|0 Comments

Techniques that keep communication lines open and preserve broker-borrower relationships help lenders mitigate loss and win fans. In mortgage lending, loss mitigation is a process where the lender, investor, and servicer work with a borrower struggling with monthly payments (a nonperforming loan) to avoid foreclosure, reducing potential loss to the lender. As our industry becomes [...]