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Loss Mitigation Lender List

People call or email regularly looking for contact information for someone to help with their mortgage. The best source for help is your existing lender. The second best source is your existing servicer. Do not fall victim to the scam artists out their preying on people who need a loan modification or help with their mortgage. I don’t care if they are a big name attorney with dozens of initials after their name – it’s up to the lender whether or not they will modify and they have a school bus full of attorneys just looking to get in the ring with a firm with a big name.

Do what you can for yourself first. Be insistent that you do not have any late or negative information reported on your credit because regardless of what anyone tells you just one late payment or a negative comment on your credit can hurt, maim or destroy your credit. At least for a year or more. Late payments can and probably will prevent you from doing anything else in the mortgage area for the next 12 months. Forbearances can help but make sure the lender commits in writing to not report you as paying late. I have seen forbearances show up as “rolling lates”. In other words late every month during the forebearance period. This is bad for you.

Read the full article for the list of lenders and contact information for their loss mitigation department. And remember, if someone who does not work for the lender calls their self a loss mitigator be very VERY cautious of everything else that comes out of their mouth.

I am a multi-year veteran of the industry who has served in the highest offices in the industry. I can help you get the best deals and avoid getting ripped off!
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