FCI was founded as a California corporation in 1982 as Foreclosure Consultants, Inc., offering California foreclosure processing and loan servicing to Mortgage Brokers and Private Investors. Over the next few years, FCI acquired several loan servicing and foreclosure companies, including the transfer of over 2,000 private loans and associated Lenders from Mercury Savings & Loan in 1988 from their 42 branches. FCI’s loan servicing continued to grow substantially, and in 1998 FCI acquired the private investor division of Aames Home Loan with over 3,000 Private Investors and their loans. In 2002 FCI began expanding its comprehensive family of services for Private Investors, Hedge Funds, and Investment LLCs nationally. In 2007 FCI amended the Articles of Incorporation and changed the name to FCI Lender Services, Inc. to better represent the services of the company on a national basis. Presently, FCI is recognized as one of the nation’s leading (non-institutional) Private Money services providers.
During the late 90’s and early 2000 years, FCI created a Specialty Servicing Division in response to clients who were buying increasing numbers of non performing loans and loan pools. FCI’s Specialty Loan Servicing division offered Private Investors and Investment Brokers sophisticated collection and workout programs that included financial modeling never offered to customers in this industry who may have one loan or thousands in the FCI system.
In 2004 FCI introduced the Live Servicing Login where clients literally watch their money come in, clear and be disbursed. Clients see all activity on their loans as it happens including late notices and statements as generated, and even borrower collection notes as the phone calls happen. FCI calls this our “Open Book Policy” giving customers live access to virtually all information in FCI’s loan servicing and foreclosure systems.
In September 2006, FCI Lender Services proudly passed $1 Billion under management
Our mission at FCI Lender Services is to serve as the premier complete national Private Money services provider. FCI offers Private Money Lenders, Hedge Funds and Investment Companies, Private Money Brokers, and Private Money Loan Servicers an all-inclusive outsourcing alternative for Loan Servicing, Collection, and Default processing of their Hard Money loans. FCI delivers the greatest efficiencies and cost savings to our clients by using the finest personnel and technologies in our industry. At FCI we fully understand our fiduciary relationship to both Borrower and Lender on a Private Money loan, and promise to embrace our responsibilities with knowledge, courtesy, and integrity.
The FCI staff includes some of the most experienced management and operational personnel in the Lending and Servicing industry. Much of FCI’s staff has over 10 years with the company and most exceed 20 years in the industry. Experienced staff is key to providing the high level of service that sets FCI apart. FCI’s client retention rate is proof of its commitment to customer satisfaction.
FCI has an industry wide reputation for providing hands on professional services. We are a “partner you can trust” and not an impersonal, inflexible processing factory. FCI has established an outstanding industry reputation and high degree of trust in its ability to service and collect Private Money loans and process private and institutional Foreclosures during the past 30+ years.
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