How to Reach Loss Mitigation Companies
As a foreclosure clean-up business owner, plan to reach out to loss mitigation companies via phone initially to provide information about your new business.
What are Loss Mitigation Companies?
The term “loss mitigation” is used to describe a third party assisting a homeowner. It is usually a division within a financial institution or bank that reduces or mitigates the loss of that financial institution or bank. The job of a loss mitigation representative is to negotiate mortgage terms that will hopefully prevent foreclosure. Usually, loss mitigation representatives know before anyone else whether or not a home is going into foreclosure.
Voicemail Power to Get New Contracts
Use the telephone script below for voicemails to loss mitigation departments. TIP: Make your calls after the regular business hours so you can leave a detailed telephone voicemail for the loss mitigation representative. Then follow up with a postcard or letter mailer (with your business card) a day or so after your voicemail. After you feel like the representative has received the mailer, follow up with another phone call DURING regular business hours.
Use the telephone script below to get new business. The below banter will be by your foreclosure cleaning and trashout business to a loss mitigation representative’
“Hi Mr. Smith. I am Kerry Washington from Tidy Foreclosure Clean-up Company in Jonesboro (use your company’s name). We offer trashout and foreclosure clean-up services to banks and mortgage companies such as yours for REO properties. We provide services ranging from trashouts, to cleaning, lawn maintenance, and minor REO repairs. We also work with homeowners who may be vacating a home to ensure it is left in good condition for your company. Please look for info in the mail about Tidy Foreclosure Clean-up Company in Jonesboro over the next week. I will follow up to speak with you in person in the near future as well. Visit us on the web at My Foreclosure Clean-up Company dot com; or give us a call back at 404-999-8888. Thank you.” (See more detail at http://www.foreclosure-
Solid Source of New Contracts
Loss mitigation reps are solid sources of new contracts for REO trashout companies. As a foreclosure clean-up business owner, plan to reach out to loss mitigation companies via voicemail initially to provide information about your new business. Then follow up with them in person or via phone during business hours to ultimately get new contracts for your company.
Good luck with getting new clients for your trashout and foreclosure cleaning business.