Ever Pass On An Out of Town Property Because Evicting someone would be too hard?
What if we solved that problem?
Let me introduce you to my new friends at NDS Executive Summary Nations Default Services (NDS) has been providing centralized default management services to lenders, servicers, and like entities since 1995. Through NDS, clients have access to an extensive array of services addressing nearly all aspects of default loan servicing including, but not limited to, foreclosures, bankruptcies, replevins, money judgments, and loss mitigation.
NDS provides services in identifying, retaining, and coordinating the activities of various specialized vendors, e.g. foreclosure and bankruptcy counsel and title providers, as necessary to carry out the services. NDS’s mission is to provide clients with a simplified bundled services solution to their default needs, allowing them to reduce overall costs and increase productivity. Nations Default Services Centralized Default Management Services Foreclosures and Bankruptcies Nationwide Replevins and Money Judgments Default Title Services Title Curative Manufactured Housing Title Reformation Loss Mitigation Services Senior / Junior Lien Servicing and Sale Monitoring Breach / Statutory Letter Processing In today’s environment, commitment to effective processes and internal controls is paramount; to give our clients added security NDS is SSAE16 SOC 1 Type 2 certified. In addition, NDS is also very aware of the additional constraints banks and servicers have been put under in order to comply with OCC and CFPB guidelines.
To help our clients comply with this ever changing regulatory landscape, NDS has put in place advanced workflows and additional reporting capabilities which allow our clients to adhere to the additional requirements imposed by the various governmental agencies. NDS designs customized default servicing solutions to fit clients’ requirements allowing the client to stay focused on portfolio performance instead of managing a vendor network. Above all, NDS brings responsive, professional, and consistent yet flexible default management services to its clients.
• Centralized default management which allows clients to process more files with less staff
• Reduced costs by utilizing bundled services approach to pricing
• Extensive menu of default services
• Centralized invoicing resulting in reduced disputes and processing time
• Proprietary, workflow driven software
• Integration with several MSPs allowing for enhanced communications with clients
• When partnered with its affiliate, Nations REO, complete end-to-end default services
NDS services include:
o National coverage with a network of firms strategically located across the country
o Centralized Proofs of Claim
o Reaffirmation Agreements
o Chapter 13 Plan Reviews
o Motions to Value Collateral and for Adequate Protection
o Responses to Objections to Claim
• Ancillary Default Products
o Breach Letters
o Equity Analysis (Pre-foreclosure file review)
o Title Curative
o Junior Lien Servicing / Senior Sale monitoring
o Delinquent Tax Service / Tax Payment
o Manufactured Housing Title Review / Title Reformation
o Document Preparation
o Surplus Funds
o Deeds-in-Lieu of Foreclosure
o Loss Mitigation
o Loan Modifications
o Delinquent Loan Placement
• Default Title/Title Curative
o Single source order placement, tracking and delivery of default related title products
o Title products suited to client needs and state or regional requirements NDS has gained a reputation for minimizing process timelines and maximizing technological resources for ultimate efficiency.
Clients enjoy the ease and convenience of NDS’s proprietary interactive order tracking and reporting system. The system is simple to use and provides comprehensive details on files.
(May 2014 Newsletter)