Stewart Lender Services, a Stewart company, develops program to service upcoming loan modifications and refinances for delinquent borrowers
HOUSTON (Mar. 12, 2009) – Stewart Lender Services, a wholly owned subsidiary of Stewart Title Company, announced today the development of a suite of specialized services designed to assist mortgage servicers fulfill the need for loan modifications and loan refinances in compliance with the newly released guidelines outlined in the Treasury Department’s Making Home Affordable program.
Stewart Lender Services is one of the first to announce that it has developed the ability to support all the detailed facets of the Making Home Affordable Modification and Making Home Affordable Refinance programs as published on Wednesday March 4, 2009. Stewart’s solution encompasses direct outreach or solicitation of large groups of borrowers in order to ascertain eligibility and to collect financial packages and information. Once the relevant data is collected from the borrower, Stewart is able to determine eligibility for the loan modification or a streamlined refinance program.
Stewart’s solution also includes a comprehensive fulfillment solution for each program, including review and qualification of financial packages, loan modification creation, printing, mailing, electronic signing, quality control and recordation. For borrower’s qualifying for the refinance programs, Stewart offers a centralized refinance solution that includes borrower solicitation, financial qualification, document preparation, title insurance, notary-based or electronic closings and centralized funding.
“Stewart has a long history of providing innovative solutions to the lending community, and now we are offering a comprehensive solution designed to help borrowers and our overall economy recover from these difficult times.” said Jason Nadeau, President and CEO of Stewart Lender Services. “Stewart’s approach to assisting our customers is to specifically tailor the solutions to meet the need of individual servicers and their particular program. Only through the use of scalable and customized solutions will the servicers be able to meet the aggressive demands of this program.”
More information on the Making Home Affordable program can be found at http://www.financialstability.gov/.
Visit http://www.stewart.com/why-lender to find out more about Stewart Lender Services and other reasons why Stewart is the right mortgage services partner. To speak with a lender services representative, contact firstname.lastname@example.org or call (800) 577-6674.
About Stewart Lender Services
Stewart Lender Services is a wholly owned subsidiary of Stewart Title Company. Stewart Lender Services has been providing lenders and loan services solutions for the past 14 years. Stewart Lender Services provides a wide array of solutions including loss mitigation services, loan modification qualification and fulfillment, short sale solicitation and management, default and foreclosure services, REO title/settlement and asset management services, post-closing solutions, nationwide title and settlement services and electronic mortgage solution.
Stewart Title Company is a wholly owned subsidiary of Stewart Information Services Corp. (NYSE-STC), a customer-driven, technology-enabled, strategically competitive, real estate information, title insurance and transaction management company. Stewart provides title insurance and related information services required for settlement by the real estate and mortgage industries throughout offices in the United States and international markets. Stewart also provides post-closing lender services, automated county clerk land records, property ownership mapping, geographic information systems, property information reports, flood certificates, document preparation, background checks and expertise in tax-deferred exchanges. More information can be found at www.stewart.com.