Loss Mitigation is strongly endorsed by the Mortgage Banking Industry. Bankers, servicers, and investors recognize the benefit of facilitating Loss Mitigation as an effective way to resolve issues related to defaulted loans.
SHD is proactive in educating borrowers regarding Loss Mitigation. The information provided below provides borrowers with an overview of Loss Mitigation options. Upon evaluation of the options, borrowers can communicate with services and provide the information required to process a Loss Mitigation request.
The following Loss Mitigation information is available to borrowers: