Project Background

A Mortgage Lender (Non-Bank) client wanted to liquidate $10-$15B in loans held in their investment portfolio. The loans were underperforming 9-12-year-old loans with regulatory compliance issues. The engagement was to review the loans and resolve, where possible, issues to enhance the sale value, with a primary focus on title curative and modifications.

Services & Solutions

Preparation for the bulk sale of the residential mortgage pool of loans required:

    • Compliance standards review of residential loan files
    • Modifications
    • Title Curative, such as:
      • Land Description
      • Recordation
      • Failure of Acknowledgments
      • Death, Wills, Intestacy
      • Marital Interests, Divorce Decrees
      • Joint Tenancies, Life Estates
      • Mortgages, Tax Liens
      • Prepare Deeds in Lieu
      • Negotiate pay-off of Prior Liens; and, Fund when necessary
      Outcome & Results

      The remote staff of 18, examined and completed file review for compliance accuracy; and, where necessary cleared title imperfections (liens, judgments, and missing assignments) for best possible delivery value. Final report confirmed the validity of collateral documents, the chain of title and proper ownership.

VIEW ALL CASE STUDIES