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NCCI expands Loss Mitigation Department, helping avoid more Foreclosures
NCCI expands loss mitigation department to Omaha, NE, helping nationwide mortgage servicers avoid more foreclosures
NCCI’s Loss Mitigation program has grown a stunning 300% from the end of the 4th quarter, 2008 to 1st quarter, 2009. This huge demand has pushed the department beyond the capacities of existing Loss Mitigation operations in Lake Forest, CA and Dallas, TX.
"With the expansion to Omaha, we have the ability to increase the number of loans we process monthly by nearly 75%," states Loss Mitigation Director, Lance Perry.
Loss mitigation services have assisted in meeting the demands of mortgage servicers and politicians alike to "do everything one can to keep borrowers in their homes and avoid foreclosure."
The Omaha extension will allow the company to meet the increasing requests of mortgage servicers to reduce foreclosure loan losses and find stability in a volatile market.
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NCCI provides nationwide borrower retention assistance through our field contact and loss mitigation services. We assist financial institutions by re-establishing the line of communication between the collectors and their unresponsive borrowers.