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.