Mortgage Servicers and Institutional Investors
Loan Resolution Corporation (LRC) has combined dynamic process flows, an extensive network of agents, and robust technology to offer the most comprehensive loss mitigation solution available for mortgage servicers and institutional investors
LRC’s reputation for performance and reporting is a result of its belief in truly partnering with its clients to achieve their goals.
LRC provides the following services:
- Treasury’s Home Affordability Foreclosure Alternatives program (HAFA)
- GSE’s new Foreclosure Alternatives programs
- LRC’s Choice Foreclosure Alternatives program (the Pre-Approval Short Sale program designed for servicers when the HAFA and GSE programs are not an option)
- Traditional (Backlog) Short Sales
- Deeds-in-Lieu
- Retention programs
In 2007, LRC became the first vendor to receive outsourced short sales by contracting with a small to mid-size servicer. LRC started by resolving Traditional (Backlog) Short Sales, and then pioneered the Proactive Approach to Short Sales in 2008.
In 2009, LRC became the first vendor to receive outsourced short sales from a top-10 servicer. The immediate need was to resolve their backlog of Traditional Short Sales. Once LRC rapidly resolved those, LRC then implemented the Proactive Approach, making LRC the first vendor to implement the Proactive Approach for any top-10 servicer.
With such strong results, LRC evolved its Proactive Approach to include Pre-Approved Short Sales. Proactive/Pre-Approved Short Sales result in higher offers, shorter marketing time, 48-hour decisioning, reduced buyer fallout, and reduced foreclosures.
In 2010, LRC is successfully executing the Treasury’s new HAFA campaign for a top-3 servicer. LRC is also implementing the GSE Foreclosure Alternatives campaign for a group of servicers.
LRC is well-known in the industry for its industry-leading performance, and its customizable reporting. Other LRC competitive advantages include:
- GSE approved vendor
- SAS 70 Type II Certification
- Collection Agency License for the FDCPA
- Proprietary software (LRC can also use the servicer’s preferred operating system)
- Scalability (both physical and technological)
LRC's dedication to its clients' success shows why it has had several champion/challengers and never lost.
Want more information?
Servicers and investors, if you are interested in LRC's services please contact:
Travis Hamel Olsen
COO
