Quatrro’s Default Management Solutions currently support law firms and processing centers. Quatrro takes responsibility for executing a wide array of foreclosure functions. These range from simple Referral setup to the more complex preparation of Complaints & Summons packages and Motions for Summary Judgment. We understand the need of Default Management firms and deliver world class service, ensuring accuracy and maximizing bottom line efficiency.
Quatrro provides support to clients both in Judicial and Non-Judicial states. The specific processes performed for law firms and processing centers are as follows:
Receive and Setup Referrals
We access Lender websites (Lenstar, Vendorscape, NewTrak, Clarifire, www.countrywide.com etc) in a secured environment and download the referrals. These referrals are subsequently setup in the client's Foreclosure Management System.
Title Search & Support Title Exam/Review
We perform Title Search on Taxes, Names and Properties. All the relevant documents, such as liens, judgments, affidavits, tax are retrieved and electronically filed.
We also perform preliminary review of the documents and prepare a Title Summary. This is subsequently reviewed by attorneys and acts as a guideline to prepare the Complaints & Summons and the Assignment of Mortgage.
Prepare Assignment of Mortgage
We prepare the Assignment of Mortgage which is subsequently sent to the Lender for execution.
Generate Complaints & Summons Package
Based on guidelines provided by the client, we prepare the Complaints and Summons package which is subsequently filed in the courts.
Prepare Affidavit of Indebtedness
We request from the Lender the figures to prepare the Affidavit of Indebtedness document. This document is sent to the client for execution. We follow up with the Lender for the executed Affidavit of Indebtedness wherever required.
Facilitate Process of Services
We support certain activities within the Process of Service by accessing the process server's websites and updating the status of the Service in the Client's Foreclosure Management System.
Prepare Motion for Summary Judgment
We prepare the Motion for Summary Judgment document which is subsequently filed in the Courts.
Foreclosure referrals are received from various client websites ( Lenstar, Vendorscape, NewTrak, Clarifire, www.countrywide.com, etc). We access client websites in a secured environment and download the Foreclosure Referral and Loan Documents such as Recorded Security Deed and Note. Some clients prefer sending the complete referral package via email.
The following information is verified and included in the foreclosure referral package:
- Bankruptcy search on PACER website
- Active Military status
- Property address on USPS website
Pre Sale Process
Based on all the above-mentioned documents a foreclosure case is opened in the Foreclosure Management System. Documents such as Acceleration Letter, Notice of Sale, FDCPA letter, Publication Affidavit, HUD Occupancy Letter, Deed under Power etc are prepared. We also assign the Certified Mail Numbers for mailing the documents to the defendants.
Post Sale Activities
Based on state-specific guidelines, foreclosure advertisements are published numerous times in local newspapers before the property is sold/auctioned. Publication packages are sent to the local newspapers and the necessary follow-ups are performed to ensure the desired number of timely publications.
Advertisement Quality Check
We access the publisher’s website and download the advertisement tear sheet. The sale/foreclosure advertisement published in the newspaper is reviewed for accuracy and any required corrections are made.