Loss Mitigation Services

blankNations Default Services is proud to be a 20-year force in developing professional loss mitigation services related to residential REO’s. NDS works with servicers to professionally transition a delinquent loan into a performing asset in every possible file or case.

With a track record since 1996, NDS takes a proactive web-based approach to managing a defaulted loan by implementing strategies for each borrower on a case-by-case basis. When assessing each individual borrower’s circumstances, NDS is able to recommend & implement workout options customized to meet lender & borrower needs.

Loss Mitigation Services We Offer

  • Interact with borrowers or their counsel to obtain status ongoing.
  • Aid in collection of borrower financial and hardship information
  • Centralized deeds-in-lieu of foreclosure preparation
  • Prepare payoff and reinstatement letters, loan modification agreements, forbearance plans and “cash for keys” agreements Facilitate and manage receipt of payoff and reinstatement funds
  • Facilitate and manage loan modification agreements and forbearance plans