At Right House Capital, we provide an array of services to assist mortgage lenders and community banks in handling their distressed mortgages. RHC specializes in loss mitigation for discounted and classified loans. Lest you think otherwise, this isn’t an easy proposition. Finding the highest bid for a single discounted or classified loan requires a lot of work and careful maneuvering.
RHC will perform a detailed review and analysis of each loan to specifically identify any breaches of the representations and warranties of the Purchase and Sale Agreement. From successful past defenses, the company will identify rebuttals to each repurchase demand.
Scratch and Dent Loans Placement.
The first critical step in Right House Capital’s liquidation process is the presentation of the loan to the buyers. Right House Capital has a list of reputable buyers with whom we’ve established strong relationships. Right House Capital will present your loan only to the buyers who want it the most. This way, the competition will be distilled and the bidding is likely to climb much higher than it would otherwise.
Scratch and Dent Loan Analysis
The second stage of the discounted or classified loans process is unique to us and provides us with an extra edge over similar companies. We’ll aggressively calculate the fair market value for your classified loans. Why? Well, we’re using the same technology as the buyers. If they ask us, “How much were you expecting for this pool of loans?” RHC can now provide the buyer with the exact answer to this question. Since everything is on an even playing field, a fair market bid for your distressed or classified mortgage pool is ensured.
Scratch and Dent Loan Negotiation
Finally, we come to the last stage of RHC’s process. We use the information gleaned from the two prior steps, the placement and the analysis, to then negotiate with the buyers on your behalf. Our goal is to get you the highest bid for each loan or distressed asset. This can be tedious and time-consuming, but it’s definitely the best business strategy for recovering your loan losses.
So what are you waiting for? Contact us today.