Default Management Solutions
Our suite of default management solution combines intelligent process automation and transformational services to help lenders scale their operations to meet increasing borrower demands and market changes.
We ensure efficient processing, rigorous quality and governance while meeting regulatory and investor requirements.
Powered by 20 years of industry experience, our Default Management Support Services are trusted by several lenders including two of the Top 20 U.S Banks.
We help lenders:
Deliver faster turn time & process transformation
Manage volume fluctuations and scheduling
Enhance customer experience & meet compliance needs
HOW WE TRANSFORM
We specialize in:
Loss Mitigation
- Early intervention and collections
- Initial file intake, processing & underwriting
- Loan modification, short sale & deed in lieu
- Repayment plans, payment monitoring
- Call quality monitoring / FCI
- Tax & HOA
- Valuations: ordering and review of AVM, property condition report and BPO
- Borrower – document chase
Loan Modification
- File intake, setup & processing
- Borrower – document chase
- Loan modification underwriting
- Property reports– current owner search, two owner search, full search, foreclosure information report and TSG report
- Document preparation
- Closing & booking
Collections
- Early to mid-stage collections for all types of mortgage loans, auto & instalment loans, credit & debit card payments, and HELOC
- Back Office Support
- Skip tracing
- Telephone Consumer Protection Act
- 24/7 omni-channel contact center
- Collection Strategy Consulting
REO back office support
- Property reservation setup (initial)
- Preservation work order reviews (initial & recurring)
- Invoice reviews & approval
- HOA curative & processing
QA & QC
- Quality review on decision taken for approval, denial, and closure process for loss mitigation workout requests (short sale, deed in lieu, forbearance and repayment plans)
Bankruptcy back office support
- Bankruptcy setup & referral
- POC/MFR/Supps preparation and review
- Review plan and file objections & monitor CH 13 payments
- Reviewing affidavits and declarations
- Preparation of chapter 7, reaffirmation agreements
- Review notice of default, monitor cases for discharge/dismissals & Invoice management
Foreclosure back office support
- Pre-foreclosure checks and FC referral
- First legal and follow up monitoring
- Reinstatement, payoff, judgment and bid preparations
- Foreclosure pre-sale reviews
- FC timeline reviews
- Invoice management
- Claims preparation and filing
OUR GROWTH
We annually support:
We help clients achieve:
Default Management Solutions
SUCCESS STORIES
Our Work
WORD-OF-MOUTH
What our clients have to say
I appreciate your partnership and this is going to continue to be a major differentiator and value driver for our organizations!
Head of Consumer & Mortgage Credit
Leading U.S. Bank
Coforge has been a pleasure to work with over the past year. I would definitely recommend them.
Partner Relations Officer, Mortgage Division
A leading regional U.S. Bank retail/ wholesale originations