Retreat Capital Management Group, a Lake Forest, Calif.-based provider of loss mitigation and portfolio management products, has added document pickup, notary services, as well as real estate ownedÂ (REO) and short-sale processing and listing solutions to its line of services. The short-sale services are compatible with the federal Home Affordable Foreclosure Alternatives (HAFA) program, the company says.
Securing documents has been cited as one of the biggest hindrances to converting Home Affordable Modification Program (HAMP) trial modifications into permanent modification status. Retreat Capital says its document pickup and notary services facilitate the loan modification process, adding that Saxon Mortgage has tapped Retreat Capital for such services.
To date, 76% of the HAMP modification cases utilizing Retreat Capital's document pickup service were completed within 45 days, the company says. Retreat Capital also completes all reporting as required by the Home Mortgage Disclosure Act guidelines, the company adds.
SOURCE: Retreat Capital Management Group