Articles & News About Getting Cash Loans

Mortgage Industry Experts Help Save Lenders from Catastrophe

Mountain Lakes, NJ (PRWEB) August 13, 2007 -- Repurchase Resolution Specialists, Inc., a mortgage industry consulting and services provider established in February 2007 as a direct response to the growing catastrophe of the collapse of the residential mortgage market, has seen its stable of clients grow significantly in the past few months.

The company is operated by mortgage industry professionals, is staffed by industry insiders and banking lawyers, and helps lenders and brokers craft loss mitigation strategies in the face of borrower defaults and investor buyback demands.

RRS reviews investor agreements, analyzes default and fraud files, and writes detailed buyback defense letters. They also construct step by step loss mitigation strategies which they then implement to dispose of real property, and collect on insurance claims against negligent professionals. When those efforts fail, their staff attorneys file lawsuits against borrowers, Realtors, settlement agents, appraisers, and even loan officers, who are the cause of a loan default. The repurchase experts will also conduct on-site evaluations of lenders' internal quality controls to suggest ways to encourage and improve good loan origination practices, and also detect borrower misrepresentations and loan fraud before they result in costly defaults.

Fees vary, but range from fixed amounts for certain basic services, such as letter writing and file analysis, to hourly charges for intense loss mitigation efforts.

So far reviews of their efforts have been very positive.

Paul Loiacono, President of Montgomery Mortgage Capital said, "When we were victimized by TPO fraud, RRS tracked down the responsible professionals and recovered our losses of more than $175,000."

New Jersey based US Mortgage Corp. was RRS' first client. CEO Michael McGrath had this to say about the company, "Repurchase Resolution Specialists have become our trusted source for EPD defense and loss mitigation services. Their efforts over the past several months have helped us to maintain one of the lowest post-sale repurchase records we've ever had in over 10 years in business."

According to California based Icon Residential Capital LLC, RRS has been "A valuable industry partner offering vast legal and banking experience and effective methods of loss mitigation and recovery strategies."

RRS has also recently partnered with Northeast accounting giant, JH Cohn, to provide mortgage services to their clients as well. Roberta Janel, Managing Director at the company says, "RRS is a valuable loss mitigation partner offering highly effective skills that get the job done for our mortgage industry clients."

RRS President Andrew Liput believes that the recent market correction affecting the industry is only temporary, however the company's broad range of services make them, "the perfect partner to accompany lenders and brokers into the next boom period."

To learn more about Repurchase Resolution Specialists, or to schedule a free consultation, visit their website at www.RepurchaseSpecialists.com, or call toll free 1-888-424-3728.

###

Other Article Sites

findabook.com  moneycd.info  a-mortgage.info   about-lemon-laws.info  aboutstudentloans.info
all-about-publishing.info  auctions-articles.info  bestcollege-university.com  bestispconnection.com
biblefolder.com  blogger-website.com  books-used.info  brokers-guide.info  buywindows.info  cable-dsl.info
career-miner.com  carpel-tunnel.info  cashinaflash.info  cashloanreviews.info  casinobell.com  chat-house.info
clearmycredit.info  collegeloantips.info  crones.info  depression-articles.info   dirnic.net  dishguides.info
divers-below.com  expodog.info   financewizz.com  fire-insurance.info  getgood.info  handleit.net   it-idea.info
health-supplies.info  hosting-right.com  insidealert.com  insurance-facts.info  jobs-employment.info
justgood.info  lookgold.net   lowcost-travel.info  money-source.info  myhostzone.info  numisblog.com
peoplesearchfinder.info  pr-articles.info  realeas.com   refinancing-guides.info  spyware-remove.info
telelot.info  the-law.info   toppaid.info  travel-deals.info  travelcorrect.com  wedding-guide-site.com
your-blog.info  your-credit.info

Your Credit Score
Credit scores: all lenders use credit scores to determine interest rates and credit limits.The credit scoring system was developed in the early 1950's.

Business Loans And Business Cash Advances - Avoid Online Forms
Business owners should anticipate that many commercial lenders will provide an online application for commercial loans and business cash programs on their website It is important that business borrowers understand how to proceed in their search for viable working capital financing and why it is not in their best interest to submit an online application for small business loans

Top 5 Facts On Credit Card Identity Theft
What exactly is credit card identity theft, how is it used and how can you prevent it? In this article we will look at ten facts you need to know about credit card identity theft in order to better protect yourself and prevent the loss of substantial amounts of money.

Avoiding Student Credit Card Debt
Students are valuable customers for credit card companies, as they tend to stay loyal to their first card and continue to make purchases with it for many years, despite having loans and not having jobs in many cases. In order to not fall into debt traps, students should avoid using the credit card barring emergencies. They should be aware of the after effects of using a credit card which would help them keep track of money in a better way.

Care Needed With Mortgage Rescue Firms
Home owners who are struggling to keep up with their mortgage repayments are being hounded by so-called ?mortgage rescue firms? who promise to save potential evictees from home repossession.

What Loan Options Are Available To Those With Bad Credit?
When it comes time to look around for the money you need to buy that thing you want, whether it is a car, a vacation, electronics, or whatever, you do not need to restrict yourself just because of bad credit. The truth is, nowadays, that loans are just about as available for people with good credit as for people with bad credit. Here are some of the various types of loans that you can get - even if you have bad credit.

Bank Cash - A Rather Odd Subject
Bank cash is a rather odd subject to describe. In the first place it is not cash, and in the second it is not in the bank. In the twenties banks kept very little currency on hand.

Mortgage Lenders RMC Vanguard Adds Realtor Specialist Jo Anna Clark
RMC Vanguard, one of the leading on-line mortgage lenders in the country and recognized as one of the top Lending Tree Partners in purchase transactions, announced recently that it has named Jo Anna Clark as Realtor Coordinator, according to Owen Raun, President of RMC Vanguard.

Why You Might Want To Consider A Cosigner For A Loan
If you have bad-credit, you may want to consider finding a co-signer to apply for the auto loan with you. Anyone can co-sign for you but in most cases, people choose either a parent or a spouse. Regardless, the person whom you choose to co-sign with you MUST have good credit. This will increase your chances of securing your auto loan.

Why Choose a Bad Credit Personal Loan?
Listed below are some of the reasons for choosing a bad credit personal loan.A bad credit personal loan is a low cost loan secured on your home.

Small Business Credit For Any Type Of Business
Small business credit is essential regardless of the type of products or services you offer You just never know when you will need to access credit so have it readily available

Loan Payment Insurance Costly When Taken Alongside Borrowing
Sadly many consumers do not realise that they have many options when it comes to protecting the monthly repayments on a loan. Those who are misguided into taking out cover at the same time as borrowing could find that they are paying way over the odds for the premiums. This is because the loan payment insurance is often costly when buying this way from a high street provider.

California Bankruptcy - Credit Score at Stake
California bankruptcy is a term used in financial circles to quote laws in vogue in California City for dealing cases of bankruptcy under uniform federal laws falling under chapter 7,9,11,12,13 of bankruptcy code.

Sage Credit Company Expands Services Through Reverse Mortgage Department: Sage Credit Company Launches Reverse Mortgage Department
Sage Credit Company, Inc. announced that it was providing expanded services for the mortgage community by launching a Reverse Mortgage department.