Our mortgage BPO services for originators, servicers and mortgage insurance companies focus on improving customer experience, simplifying business processes, increasing productivity and creating a positive revenue impact. … Drafting this letter should be the second step in the process, and the letter should be compelling. We would like to show you a description here but the site won’t allow us. By calling the insurance companies and finding out the denial reason instead of waiting for the denial reason on mail, the A/R department can ensure that all claims are followed through till the end. 5. a servicer must order the BPO or appraisal via SMDU. The seller must, therefore, prepare a hardship letter detailing the reasons that he's unable to continue making mortgage payments. The short sale won't be successful without it. Valuation Type For one-unit properties: When the servicer receives the fee for the valuation from the borrower, the servicer must order a BPO, or appraisal if the servicer determines it’s required by law, using SMDU. Claims Denied can be Followed Up: Depending on the denial reason, you can actually send a new claim request with the required corrections made. Below are the applicable costs for a BPO or appraisal. Consolidated Analytics delivers mortgage loan reviews & due diligence, business process outsourcing, property valuation, and operations and technology consulting.
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