Notice of Right to Cure: What Loan Servicers Need to Know
A Notice of Right to Cure (NORTC) is a formal notification you send to borrowers who have fallen behind on…
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Loan Syndication: How It Works and How to Manage It Efficiently
Loan syndication allows multiple lenders to share the funding and risk of large loans that exceed a single institution’s capacity.…
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Streamline Loan Payments with Lockbox Payment Processing
Manual payment processing costs loan servicers thousands of hours and countless errors each year. Lockbox payment processing transforms this challenge…
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Payment Holiday: What Loan Servicers Need to Know
A payment holiday is when borrowers can temporarily stop making their regular loan payments. It gives them breathing room during…
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Understanding Repossession Laws by State: A Loan Servicer’s Guide
Repossession laws vary significantly across all 50 states, creating complex compliance requirements for loan servicers managing collateralized debt. Non-compliance can…
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Loan Modification vs. Refinance: Key Differences for Loan Servicers
A loan modification changes the terms of an existing mortgage to provide relief during financial hardship, while loan refinancing replaces…
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