Homeq Servicing Corporation–Prime Service To Subprime Loans

2007-03-08 10:33:40

( Financial )



HomEq Servicing Corporation prides itself as the company that subprime lenders created especially for fellow subprime lenders. HomEq Servicing Corporation is primarily a full service mortgage loan servicing company. Although it has a wide range of service products, HomEq has three basic services.

Collection Services

HomEq Servicing Corporation has positioned itself as a provider of customized integrated systems for collection of mortgage and credit card payments. It also services payments for auto loans and other installment purchases.

This can be convenient for you if you are a borrower. Instead of having to remit payment to your mortgage company and other creditors, you can make payments through HomEq Servicing Corporation. This is possible if there is a collection arrangement between your mortgage company, like Citifinancial Mortgage Co., and HomEq Servicing Corporation.

As part of its collection services, HomEq also works with corporate clients to improve their collection performance, assist them minimize losses from failed loans and find other ways to enhance the performance of their clients loan portfolios.

Liquidation Services

HomEq Servicing Corporation can help you if you need to go through bankruptcy and foreclosure proceedings, or find ways to reduce losses on sales of property. The company has a staff of mitigation officers and bankruptcy and foreclosure attorneys for this purpose.

Document Servicing

HomEq Servicing Corporation also assists your mortgage company in its document preparation needs. This service includes confirming the validity of documents, getting clearance on the title of your property for mortgage purposes, and retrieving lost documents.

HomEq Servicing Corporation primarily serves the requirements of subprime lenders. If you work in a mortgage company lending to subprime borrowers, you will appreciate the company’s commitment to serve you with professionalism, unmatched service and expert advice. If you are a subprime borrower, you will receive prime service on your loan account.


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