ServiceLink, the national mortgage services platform of Fidelity National Financial, has made available debt settlement services for all loan modification types, including rate resets, payment recasts and complex loan term adjustments. These home loan modification solutions allow mortgage lenders and servicers to streamline their processes, the company says.
The loan modification solutions include title, valuation, closing services, and mortgage modification guarantees. MMG provides assurance for eligible home mortgages that, when terms of an existing home loan are modified, the modification instrument does not affect the validity, priority or enforceability of the existing lien. The MMG eliminates the need for the mortgage lenders who are providing a loan work-out to track down the previous insurer to request for loan modification endorsements.
According to Kevin Gugenheim, executive vice president of ServiceLink, these mitigation solutions “help our clients meet a quickly evolving mortgage financing landscape,” says. “We have a very capable staff and veteran management team that’s working closely with our customers to define effective mortgage loan modification processes in a fluid environment.”
