SingleSource Launches Loss Mitigation Service

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SingleSource, a provider of title and settlement, valuation, real estate-owned (REO) asset management, field services, and document management services, is now offering Loss Mitigation services to assist servicers in handling the large volumes in forbearances, loan modifications and loss mitigation across the U.S. The company has dedicated a pool of associates with default backgrounds to easily learn the specifics of customers’ requirements, bringing existing loss mitigation expertise that can be supported by customers’ training programs.

“It became very apparent in our conversations that our existing customer base needed assistance with the influx of loss mitigation requests. In order to help our partners, we developed a product that would allow servicers to have flexible capacity in providing loss mitigation service,” says Stacey Bayley, SingleSource SVP Business Development. “We have been able to transition many of our current staff with default and loss mitigation experience to this new team, bringing a wealth of knowledge and diversity to the services.”

SingleSource has developed a dual training program, to efficiently partner with customers’ operations and training teams to ensure all associates are proficient in the clients’ systems and programs. In addition, the company takes every measure to ensure it meets and exceeds all appropriate regulatory requirements, information security and data handling practices. Annual SSAE16 Type II, SOC reporting and regular audits by many of the top financial institutions in the U.S. give customers the assurance that all data is contained within an infrastructure operated by rigid internal controls and processes.

“Being able to adapt quickly to changing properties is what SingleSource does best,” says Brian Cullen, SingleSource CEO. “What is great about this product is our ability to provide a comprehensive solution of field services, inspections, valuations, and title to support the entire loss mitigation process. We truly pride ourselves in being the single source for our customers’ needs.”

SingleSource is celebrating its 20th anniversary and will be announcing additional product launches while celebrating that milestone throughout the year.

About SingleSource

SingleSource provides title and settlement, valuation, REO asset management, property preservation, and document management services.  The company manages a network of independent real estate agents, brokers, appraisers, property preservation field contractors, closing agents, title abstractors, and attorneys nationwide and in Puerto Rico, the U.S. Virgin Islands, and Guam. SingleSource clients include loan servicing and origination organizations, banks, credit unions, investment banks, and hedge funds. The company was established in 2000 and is headquartered in Canonsburg, PA, near Pittsburgh.  

For more information, contact Marialice Skabardonis at 866-620-7577, x1166, or [email protected] or visit www.singlesourceproperty.com

About SingleSource

SingleSource merged with iMortgage Services, creating a comprehensive range of services that can be applied across the entire loan origination process and servicing cycle.

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