An Automated Approach to Loss Mitigation

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The Loss Mitigation Program is designed to function as a forum for debtors and lenders to reach consensual resolution whenever a debtor’s residential property is at risk of foreclosure. The Loss Mitigation Program aims to facilitate resolution by opening the lines of communication between the debtors’ and lenders’ decision-makers.

What Does Loss Mitigation Mean? The term "loss mitigation" refers to a loan servicer’s duty to mitigate or lessen the loss to the investor (the loan owner) resulting from the borrower’s default.Given the costs that an investor must bear through the foreclosure process, loss mitigation is intended to be beneficial for the investor.

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Expert Mortgage Assistance has been offering full range of loss mitigation services for years. We have now gained experience and unparalleled skill in delivering high quality services in least amount of time.

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loss. Detecting attack patterns early and responding to risks through automated approaches is vital to modern cyber-defense and loss mitigation strategy. Solution Elements Establishing active monitoring policy and active response plans provides the best defense against targeted attacks using:

VA sends an automated loss mitigation letter to borrowers on all loans that reach 120 days delinquent. The loss mitigation letter must: 1. provide information on how the borrower can contact the servicer. 2. encourage the borrower to contact the servicer. 3. Explain loss mitigation options available to the borrower. 4.

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