Home
 
About Us
 
Borrower Payment Options
 
Customer Login
 
Reports & Data Options
 
Payoff Request
 
Transmittal Forms
 
Strategic Partners & Associations
 
Contact Us
 
 
  Home     March 21, 2019  
 
Loan Servicing
 
 
Standard Loan Servicing
 
 
High Touch Loan Servicing
 
 
Specialty Loan Servicing
 
 
Mortgage Fund Administration
 
 
Foreclosure Support
 
 
General Fee Schedule
 
 
Reo Management
 
 
Bankruptcy Relief Referral
 
 
Secured Investments
 
 
Borrower Contact & Options to Avoid Foreclosure
 
 
Borrower State Disclosures
 

. Property Management: Vacate and secure property, connect utilities, do trash out, maintain pool/spa and landscaping, obtain bids and supervise repairs, arrange termite inspection and repair, correct encroachment
problems, do regular property inspections, and send monthly status reports.

. Property Valuation: Complete BPO package or appraisal, as-is and repaired.

. Property Sale: Aggressive multifaceted marketing, receive offers and make recommendations for counters, qualify buyers, arrange financing, coordinate closing.


Any REO is a high liability, non producing asset that needs to be turned into cash as soon as possible. 

FCI does not have an REO Department. The Lender's chosen REO Services Provider should become it's REO Department on an as needed basis and their single point of contact for any number of national properties. The focus should be to reduce holding time, minimize expenses, and obtain the highest possible price. They should have a carefully selected national network of agents, contractors and related services.