The Private Money Loan Servicing industry evolved almost by accident. Brokers would fund a Hard Money loan themselves, or individuals would lend Hard Money to friends or family. Unfortunately, they were burdened with tracking payments, interest, late pays, handling foreclosures, etc.
Private Money lenders simply didn't have the time, expertise, systems and tools to handle Loan Servicing or Foreclosures, nor do they want the expense or liability that comes with in house processing. The best way to continue lending was to outsource the Loan Servicing. FCI was founded in 1982 when a number of these Hard Money lenders asked for help doing Loan Servicing and Foreclosures on their Private Money Loans.
FCI offers two Loan Servicing platforms designed to fulfill the varied needs of our clients.
STANDARD LOAN SERVICING
Standard Loan Servicing is a high quality, structured program for servicing all types of performing and newly originated Private Money loans at very competitive prices. For details on the Standard Loan Servicing program please CLICK HERE.
SPECIALTY LOAN SERVICING
The Specialty Loan Servicing department is specifically designed to rapidly turn delinquent Loans and Loan Pools into cash by restructuring loans, or by foreclosing and selling the properties. It is staffed by experts in skip trace, hard collection, loan workout, loan modification, foreclosure, and property sale. For details on the Specialty Loan Servicing program please CLICK HERE.
Geographic Area
Loan Servicing is available throughout the nation.
For questions or additional information, please CLICK HERE.
