PrivoCorp offers a suite of services in Foreclosure / Bankruptcy:
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Foreclosure Referral
Set up Foreclosure file in system and refer Foreclosure package to the Legal team to handle the case -
Foreclosure Timeline Management
Follow up with Foreclosure attorney to complete the Foreclosure process and take it to sale withinthe timeline -
Foreclosure / Bankruptcy Invoice Recon
Once attorney submits the invoice with supporting documents, review for accuracy and approve / deny as per the guidelines -
Foreclosure Executed Document – QC
Foreclosure execution affidavit documents are verified to match the information with supporting documents and if any discrepancy found within the executed document, needs to be corrected before sending it to the attorney review
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Bankruptcy
File is set up in the system, refer Bankruptcy attorney to handle the case. Borrower will be given the plan to work out based on the chapter they file and if there are any delinquencies, follow-up to get the case dismissed/ discharged -
Title Curative
Complex title issues are reviewed and determined with the best course of action to cure title clouds and issues
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