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Obama Administration announces new details on Making Home Affordable Program

National Mortgage Professional
Apr 29, 2009

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.
Published
Apr 29, 2009
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