Prommis Solutions LLC, a national provider of default processing services, announced that it will now perform full-service loss mitigation solicitation and fulfillment services for mortgage lenders, servicers, insurers, investors, and law firms through its subsidiary Prommis Homeownership Solutions Inc. The loss mitigation teams at Prommis work directly with clients and their borrowers to solicit, facilitate and execute all types of loss mitigation programs including Home Affordable Modification Program (HAMP) and Homeowners Affordability and Stability Plan (HASP) waterfall analyses, repayment plans, loan modifications, HomeSaver Advance (Fannie Mae), partial claims, short sales, deeds-in-lieu of foreclosure and bankruptcy loss mitigation.
As the product spectrum and options for borrowers increase and change, Prommis Homeownership Solutions works closely with clients to quickly update its suite of services when needed. By offering flexible solutions and a nationwide compliant process at any stage in the collection process, including foreclosure and bankruptcy, Prommis Homeownership Solutions assists clients in meeting the changing regulatory and compliance needs of the default services industry while also maintaining a cost effective balance of staff and outsourced services.
For more information, visit Prommis.com.