Phoenix Group Manages Delinquent Seconds

Posted by Orb Staff on January 27, 2009 No Comments
Categories : Mortgage Servicing

The Phoenix Group of Affiliated Companies LLC, with roots in the credit card debt and real estate industries, has joined the second-mortgage arena in an asset management capacity. The Phoenix Group says it focuses on up-front product procurement, including pricing and data validation, asset management and recovery through innovative loss mitigation, settlement and collection efforts and subsequent asset sale or re-trade.

The company says it creates a channel to buy, service and sell delinquent seconds that require specialty loss mitigation and liquidation.

‘We understand the importance of aggressive loan modification and settlement offers to give the homeowners the proper incentive to act and get themselves back on their feet," says Shawn Barry, company president. "The Phoenix Group integrates its vast network of collectors and servicers to train them on unique workout plans in times when most loan modifications are not working.’

SOURCE: The Phoenix Group

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