LoanMarket.NET Partners With FCI Lender Services

Posted by Orb Staff on April 29, 2009 No Comments
Categories : Residential Mortgage

rket.NET, an online marketplace for buying and selling real-estate-secured note investments, has partnered with FCI Lender Services Inc. to offer investors integrated loan servicing and collection options with asset purchases. As a result of the partnership, FCI's 25 years of experience in loan servicing, debt collection, loan modifications and default servicing are available to both institutional and individual buyers on LoanMarket.NET. "One of the first questions investors have is regarding the collection of monthly principal and interest payments from their income-generating note investments," says Jeff Freud, founder and president of LoanMarket.NET. "Due to the liability, time and cost of servicing individual notes, real-estate-secured note buyers typically do not want to service loans themselves." SOURCES: LoanMarket.NET, FCI Lender S

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