The National Groups, the parent company of the National Default Servicing LLC suite of mortgage service operations, has announced a full rollout of its Modification and Short Sale Fulfillment Program. National Collections & Loss Mitigation Services LLC, The National Groups’ full-service default management firm, has begun providing its default fulfillment services to government agencies as well as institutional and private mortgage investors and servicers.
“The full rollout of this program is an effective response to the volume of distressed borrowers under President Obama’s Home Affordable Modification Program (HAMP) and the significant increase in foreclosed and Real Estate Owned (REO) properties nationwide,” says Larry Bird, chief operating officer of The National Groups. “Our 25-year history in the real estate and REO special servicing industries uniquely positions The National Groups to lead the charge under the HAMP initiative while offering effective and timely program execution to a default industry that desperately needs it.”
The National Groups provides a full suite of customizable default services through an aggressive utilization of flexible technology, including ISIS, the firm’s proprietary web-enabled default solution and data warehouse. In addition, The National Groups utilizes third-party default management software solutions like REOTrans, a leading provider of asset, vendor, and REO management software, and DRI, a leader in default management solutions, by client request. Both strategic partners provide The National Groups an integrated process flow around Loan Modifications, Short Sales, Deed in Lieu of Foreclosure, and REO processes. The National Groups, which partnered in the development of DRI’s HAMP platform, has fully trained its representatives on both firms’ applications.
As part of the Program rollout, The National Groups is reintroducing its full valuation suite of products offered through National Valuation Services LLC, a nationwide provider of all types of valuation products and valuation quality control services.
"Today, it's all about expertise and quality control,” said Bruce Wentworth, Senior Managing Director of The National Groups. “Whether it’s an appraisal, a broker price opinion, or an automated value product, we’re constantly reviewing our skill set and value proposition.”
For more information, visit www.thenationalgroups.com.
