About BCAM
Start to Finish Service Model
BCAM offers high-touch loss mitigation that results in a comprehensive borrower outreach.
Experienced and Highly Trained Staff
BCAM's staff is experienced and highly trained in all aspects of mortgage loss mitigation.
Loss Mitigation Experience
The multitude of loss mitigation solutions requires knowledge and experience to evaluate the borrower's financial condition and real estate collateral value against the full array of loss mitigation alternatives. BCAM:
BCAM offers high-touch loss mitigation that results in a comprehensive borrower outreach.
- Intensive staffing model that results in no more than 150 loans per loss mitigation specialist, compared with an industry standard of 400-600 loans.
- Borrower contact rates among the highest in the industry, speaking to more delinquent borrowers each month.
- BCAM also speaks to borrowers before they become seriously delinquent, a far more effective approach.
Experienced and Highly Trained Staff
BCAM's staff is experienced and highly trained in all aspects of mortgage loss mitigation.
- Loss mitigation methods designed to obtain a full understanding of a borrower's circumstances and to counsel them on available loss mitigation options.
- Full complement of borrower-based and property-based loss mitigation solutions.
- Highly trained staff of loan modification processors and underwriters in modification processes and formats (Fannie/Freddie/Ginnie as well as lender specific models).
Loss Mitigation Experience
The multitude of loss mitigation solutions requires knowledge and experience to evaluate the borrower's financial condition and real estate collateral value against the full array of loss mitigation alternatives. BCAM:
- Consistently evaluates borrower's eligibility to a variety of refinance and loss mitigation programs.
- Identifies the optimal solution to meet the borrower's unique needs.
- Provides a detailed decision history.
- Understands the strategic defaulter.
Reporting
BCAM captures and maintains data from loss mitigation systems and other sources of loan level information.
BCAM Gets Results
BCAM has developed a results driven loss mitigation platform.
BCAM Dramatic Pull Through Rates
BCAM provides high touch temporary to permanent document processing solutions.
BCAM captures and maintains data from loss mitigation systems and other sources of loan level information.
- Information is available to investors through standard reports, ad hoc reports and download.
- Online reporting that provides web-based access to loan level data.
BCAM Gets Results
BCAM has developed a results driven loss mitigation platform.
- Loss mitigation efforts are focused on protecting the interests of the mortgage holder, maximizing their return, while providing the borrower the opportunity to retain their home.
- HAMP pending approval and currently an effective participant in the program.
BCAM Dramatic Pull Through Rates
BCAM provides high touch temporary to permanent document processing solutions.
- High contact solutions via rapid face to face contact with mortgage holder at initial contact to servicer.
- Localized document processing hubs allow immediate compliance with modification guidelines at temporary workout point, creating the highest pull through rates in the industry.