announced Tuesday that during the past year it has processed more than 725,000 distressed mortgage loans and generated more than 1 million lines of outreach to delinquent borrowers. This, the company said, proves that SLS is a strong, stable, and large-scale provider of loss mitigation services for mortgage lenders and servicers.
""These are unprecedented times in the mortgage industry,"" said Jason Nadeau, president and CEO of SLS. ""The number of problem home loans keeps increasing, while at the same time federal and state programs are
being regularly introduced or modified. The experience and flexibility of our home retention teams enable our customers to provide distressed borrowers with all the tools available.""
The home retention services division of SLS specializes in helping servicers reach out to struggling homeowners with solutions for their mortgage debt problems. The company said its experienced management, dedicated and disciplines staff, and Fair Debt Collection Practices Act-compliant loss mitigation center can quickly react to constantly evolving market conditions and various government programs designed to assist at-risk borrowers.
SLS, a nationwide provider of centralized origination, loss mitigation, and REO asset solutions, said it offers a full suite of services for lenders, servicers, and investors to help them effectively manage the entire default continuum, from loss mitigation to asset disposition. And more importantly, the company said its solutions are designed to evolve in close concert with the market's dynamically changing environment.
""Our approach to partnering with our customers is unique in both its design and success,"" said Laurie Pyle, EVP of SLS. ""We've truly become an extension of our customers' operations, but with a dynamic and flexible technology often missing in larger servicing operations.""