PrivoCorp offers a suite of services in Loss Mitigation:
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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
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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
Find out how PrivoCorp can help in improving borrower experience and retaining them
Benefits of Partnering with PrivoCorp for Servicing
- Over a decade of experience in End-to-End Component Servicing
- Headquarters in Austin, TX with two production facilities located in India
- Experience working with all the leading Compliance and Servicing platforms
- Flexible engagement model to help you reduce fixed costs
- SSAE 18 compliant (SOC 2 audit in the process)
Testimonials
“PrivoCorp is a remarkable firm, and we are consistently pleased with their mortgage servicing assistance and services, as well as their amazing team. They are adaptable to our ever-changing needs and a pleasure to deal with”
Martin
SVP Servicing Operations, Leading Sub-Servicing Firm
“Working with the PrivoCorp team has been a pleasure. They have been very responsive and knowledgeable”
Bob
Bob
Operations Head for a Mortgage Company