Loancare 1

3. The state that our east coast payments are sent to.
6. There are two of these that our customers can send payments to.
7. Insurance purchased on high risk loans.
9. Insurance that protects the home in the event of excess water.
13. This is completed annually to reconcile differences between funds paid out and funds deposited.
14. This is the term used for when we are using the Clients names on calls, credit reporting, statements, etc.
15. Alternative to Foreclosure, to minimize the amount of loss.

1. Insurance purchased on conventional loans with 80% or higher LTV.
2. Filed to eliminate debts or develop a plan to pay back with some being forgiven.
4. Bank reposses the home to sell at foreclosure auction if the borrower has stopped making payments.
5. This document lays out the repayment terms of the loan.
8. A portion of the payment goes here to pay taxes and insurance.
10. Insurance that protects the home in the event of a natural disaster.
11. First stop in helping delinquent customers with payments.
12. The state that our west coast payments are sent to.