Mortgage Lenders, Hard Money Lenders and Banks strive to approve mortgages and loans with minimal risk. Loan Guard provides the following benefits:
Benefits to lenders:
- Eliminates loss of a secured interest resulting from foreclosure by another lien holder.
- Allows the lender time to access the situation and make an informed decision on the proper action to take.
- Alerts senior lien holders of a potential transfer of ownership. This improves the subscriber's ability to enforce and demand timely payment and/or payoff from the new owner of record.
- Eliminates the dependency on a "courtesy" notice from other lien holders when they foreclose. Directs notification to the proper entity within the lenders organization, eliminating misdirected notice.
- Saves employee expense and man-hours spent monitoring and following up on individual situations each month.
- Increases the value of the subscriber's loan portfolio to their investors as well as potential transferees.
