FHA Defaults Do Not Have To Be Time Consuming
Filing hazard insurance and investor guaranty claims can be time and labor intensive and carry a high risk of loss for noncompliance or failure to meet statutory time lines. Our white paper addresses the two areas in which servicers can effectively limit their losses on FHA loans that go into default. Learn about:
- What servicers must do to be prepared for these important loan processes
- Hazard insurance claims for FHA properties
- Filing FHA claims to recover losses on delinquent FHA loans
Because the work of filing hazard insurance and investor guaranty claims is highly specialized, it requires extensive amounts of time and labor, which servicers do not have the staff for. For servicers, having quality and experienced partners will result in lower costs, lower losses and less time spent on filing hazard insurance and investor guaranty claims.