LoanCure, our enterprise Loss Mitigation borrower contact tool is utilized by lenders and attorneys to increase their contact rates with severely delinquent borrowers who have been unresponsive to traditional collection methods. LoanCure acts as a third party that provides an opportunity for a delinquent borrower to reach out to their mortgage servicer or foreclosure attorney through a secure website.
Our mission is to put borrowers in contact with their lender and to educate borrowers about potential programs that may be implemented by their lender, in order to avoid foreclosure. A secure financial application is built within the site and borrowers are instructed to complete the e-sign document so their lender may understand their exact financial situation.
Online communication and financial forms expedite the loss mitigation process and the lender is automatically updated and can begin their due diligence process to implement a loan workout program.