Mortgage Lender Directory
Get results faster with a mortgage lender directory to locate the correct department for loss mitigation, wholesale lenders, and other real estate negotiations.
Find Current Lender Information
With the current state of affairs, many mortgage lenders have gone under, been bought out or have changed their contact information making it extremely difficult to be able to contact the person in charge of your project.
Wholesale lenders have undergone a major restructuring and often you are directed to the loss mitigation department, or collection department for your short sale negotiations.
Using a Lender Directory will save you time and aggravation. These companies make it their business to keep current (even in this market) with updated lender, wholesale lender, loss mitigation and mortgage contact information. Find out "who owns my mortgage" without spending hours (or days) on the phone with dead-end leads.
Find the Right Department
The chances of contacting the right person in the exact right department in order to expedite the short sale process is a rare occurrence indeed. Any help you can find that will expedite your transaction should be looked upon as pure gold. If you loose out on that good deal because of a time element, any effort you have expended will be lost as well.
In this current market, lenders and financial institutions are in a constant flux of re-organization. One such institution I spoke to yesterday had just hired over 300 new employees to help handle the increasing demands and shifted call centers from one place to another. How indeed does one keep current with the information you need to close this deal?
Easily Keep Up To Date
A good mortgage lender directory will keep up with these changes, saving you the headache of hours on the phone trying to sort out the mess of loss mitigation departments. A superb service will have daily updates to their data system.
Spending hours and days on the phone just to get the ball rolling will only work against you. Remember that the timeline is moving fast towards foreclosure, and most likely your objective is to stop that from happening and arrange a short sale.
Save Hours
To save time, a lender directory is called for. It is the ideal tool for locating the correct department you need to contact to facilitate your negotiations. One of the best lender directories available right now is the Lane Guide.
Once you begin to use a mortgage lender directory, you will be able to quickly find the contact information that is required to close your transaction. Once you have the contact information in hand, it’s time to submit your short sale package to the lender for approval, if that is your goal.
What to Look for in a Mortgage Lender Directory
Some of the features to look for when considering this type of service are toll free numbers, how often they update the current lender information, how easily the contact information is to retrieve and other included services like free research requests.
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