LoanMarket.NET Partners with FCI Lender ServicesMortgagePress.comLoanMarket.NET, FCI Lender Services, loan servicing, debt collection, loan modifications, Jeff Freud
LoanMarket.NET, the online marketplace for buying and selling
real estate-secured note investments, has partnered with FCI Lender
Services Inc. to offer investors integrated loan servicing and
collection options with asset purchases.
FCI has provided private money lenders and note investors with
an all-inclusive outsourced solution for loan servicing, debt
collection, loan modifications, and default servicing for more than
25 years. Through this partnership, FCI is offering a full spectrum
of comprehensive loan servicing solutions to both institutional and
individual buyers on LoanMarket.NET.
"One of the first questions investors have is regarding the
collection of monthly principal and interest payments from their
income-generating note investments," said Jeff Freud, founder and
president of LoanMarket.NET. "Due to the liability, time, and cost
of servicing individual notes, real estate-secured note buyers
typically do not want to service loans themselves. We believe it
makes much more sense to economically outsource this function to a
trusted partner that can handle everything from the most basic
billing and collection, to more hands-on distressed servicing, to
the complete management of the foreclosure process."
LoanMarket.NET is designed to offer both existing note investors
and those interested in investing in this asset class for the first
time unprecedented access to the market. Since its launch,
LoanMarket.NET has empowered both buyers and sellers of notes by
creating a neutral, open marketplace that brings price discovery,
transparency and efficiency to the traditionally opaque secondary
market for real estate-secured investments.
"We are committed to unlocking the opaque market for real
estate-secured note investments by providing seamless access to the
information and services necessary to ensure investors have a
positive experience," said Freud.
For more information, visit www.LoanMarket.NET or www.trustfci.com.