[lisannem]

Up until recently I was a branch manager for a mortgage co. I've been in the business for 9 years and have processed, originated, underwritten and managed. I've done a few short sales and I found a great resource that lists (and updates regularly) contact info and requirements for approx 30 diff lenders/servicers. I also recently attented a very comprehensive seminar taught by a realtor here in Phoenix that specializes in short sales and has for years. What I need is good training material for loss mitigation options other than short sales. I have looked at a couple of "training" programs including US Loss Mitigations, but after reading posts from this forum, I'm a little bit leary. Does anyone have any suggestions?

[877YouKeep]

Sure we do and it happens to be written from loss mitigators. What better source of information than from the guys you are negotiating your workouts with and yes we have a few Liquidation (short sale) negotiators on staff. We will talk a little about short sales and how to get them done but our focus will be on saving homes from foreclosure.

We are looking for a catchy name for our training material any suggestions would be awesome.

[Nomarac]

Lisannem, would you mind sharing more information on your lender/servicer resource?

Thank you.

[Nomarac]

That would be greatly appreciated!

[lisannem]

Someone posted a list here that was fairly comprehensive, but I will compare the two lists today (if possible) and post the info that I have.

[lisannem]

Click on this link: I purchased their AHR quarterly subscription for up to date lender forms and contacts. I considered posting the info, but then thought that it might not be the most ethical thing to do. This source and the list posted on this site are fairly comprehensive , there is some overlap but there are quite a few lenders unique to each list.

[LossMitigation]

LOSS MITIGATION NUMBERS

ABN Amro Group 800-783-8900
Ameriquest (AMC) 800-211-6926
Bank of America 716-635-2982
Chase Manhattan 800-446-8939
CitiFinancial Mortgage 800-422-1498
CitiMortgage Inc. 636-256-5088 800-695-0384
Citymortgage 866-558-3662 800-422-1498
Countrywide 888-453-3102 877-744-7691
Ditech 800-852-0656 800-449-8582
EMC Mortgage 888-577-4011
Fairbanks Capital 888-818-6032
FHA insured mortgages 301-696-5127
First Franklin Loan Services 1-800-622-5035
GMAC 800-850-4622 319 236 4643
Greentree 877-816-9125
Homecommings 800-206-2901 858-874-7417
Homeq 1800 414-0969
Household Finance 800-333-5848
Household Mortgage 800-395-4489
HSBC 800-365-6730
Irwin Home Equity 877-577-3643
Irwin Mortgage 888-444-6446
Litton Loan Servicing 713-960-9676
National City Mortgage 1-800-367-9305 x54949
New Century Mortgage: 1877 206-9904
New South Federal Savings Bank 800-504-7110
OCWEN 800-746-2936
Saxon Mortgage 800-594-8422
US BANK 888-780-3997
Washington Mutual 888-456-5353 866-625-3176
Waterfield Mortgage 800-957-7245
Wells Fargo 877-216-8448
Wells Fargo Loss Mitigation 866-261-5642
World savings 800-642-0257
WaMu 877-926-8937

[Nomarac]

No link. Or am I just ignorant?

[LossMitigation]

link was deleted

[2uesday]

Hello Everyone I am new to this site.

For the Loss Mitigator specialist. Can you give me advice on a borrower who will sign over her deed to me for a shortsale. She is 90 days delinquent.

Do I have time to negotiate with the lender for a forebearance agreement.?? I am unable to buy the property myself but I am not sure if I should walk away from the home or try to get a work out from the lender.

Please help!!