And though banks claim to be are interested in preserving home ownership and
resolving loan delinquencies, the maze of red tape and paperwork presents a daunting challenge to the layperson.
Not exact matches
Due Diligence If a borrower fails to make payments on their
loan according to the terms of the promissory note, the federal government requires the lender, holder or servicer of the
loan to make frequent attempts to contact the borrower (via telephone and mail) to encourage him or her to repay the
loan and make arrangements to
resolve the
delinquency.
Senior Collector / Customer Service Associate — Auto Bank
Loans Division 03/2004 — 10/2006 Interfaced with clients through inbound and outbound calls to
resolve auto
loan delinquency of 90 to 180 days charged off, and bankruptcy.
JPMorgan Chase NA, Phoenix • AZ 2010 — 2011 Home Lending Direct CD
Loan Processor Senior Provided sound recommendations and key decisions to upper management concerning clients under performance potential and risk assessment and discussed with clients actions plans to
resolve delinquency.
However, the
delinquency level has receded consistently since June as most of the bubble - year
loans from 2006 and 2007 have passed their maturity date and have been
resolved.
There were actually more new
delinquencies in January than
loans that were cured and
resolved, which indicates that the rate could have swelled slightly.