First Loss Guarantee covers a percentage of post 180 day ABC claim losses.
We align our interests with asset owners by participating in losses associated with HUD Appraisal Based Claims (ABC's)
Get Started TodayThe FLG Difference
First Loss Guarantee is the no-cost solution to lowering losses associated with Appraisal Based Claims. In addition, our services maximize asset manager performance in a compliant and efficient manner.
Broker Selection / Training
Standardized, compliant broker vetting and selection
Experience
Listed and sold over 10,000 HECM properties
Results
Increases Asset Manager's capacity, resulting in greater efficiency
Oversight / Compliance
Monitor and review agent activity; QC documentation; and provide ongoing training
First Loss Guarantee is the no-cost solution to maximizing asset managers performance in a compliant and efficient manner.
1. Oversight/Compliance
- Manage task deadlines
- Compliance oversight
- Meet performance expectations
- Follow Client property specific guidelines
- Monitor and review BPOs, MLS listings, and sales contracts for quality assurance
2. Experience
- Extensive experience working with reverse mortgage clientele
- Listed and sold over 10,000 HECM properties
- Use of all major realtor networks including several top 100 REO Agents Nationwide
- Nationwide service area
3. Broker Selection/Training
- Minimum 3 years REO experience
- Background checks
- Reference checks
- Verification of license status with state regulatory agency
- Multi-point training
- Verification of critical policies and procedures
4. Results
- Lower losses associated with ABCs
- Over 10,000 HECM
- properties closed
- Double Asset Managers capacity = greater efficiency
- Compliant well trained network