Stewart Launches Short Sale Management Center

Posted by Orb Staff on September 22, 2009 No Comments
Categories : Mortgage Servicing

Stewart Lender Services (SLS), a wholly owned subsidiary of Stewart Title Co., has developed its Short Sale Management Center, which the company says is designed to improve the speed and efficiency of short-sale transactions.

The center's solutions include a fully Federal Debt Collection Practices Act-compliant borrower contact center. SLS also leverages Stewart's SureClose platform, providing all parties involved in a short sale with a single electronic location to collaborate and manage required tasks and documents while providing for electronic signing of applicable documents.

Stewart's Asset Recovery service works with the lender, investor and mortgage insurer to determine a valuation and marketing strategy for each property, the company adds. Additionally, Stewart's title and settlement teams work to identify any potential title issues and necessary third-party payoffs to ensure that all hurdles in the transaction are cleared before the receipt of an offer to purchase the property.

SOURCE: Stewart Lender Services

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