CAM’s parent company ALB Commercial Capital is a high volume commercial mortgage banking firm with access to the top commercial loan programs in the nation and employs a skilled team capable of analyzing current mortgage information.

Lenders holding potentially toxic assets  have recently engaged  CAM to provide customer outreach support services. In this type of engagement the current Lender and note holder expresses an interest to have the asset removed from their portfolio. This pertains to both performing and non performing notes.

The process starts with lender supplying to us the portfolio of properties to be analyzed including all pertinent information such as loan number, current loan status,  property type, property address, borrowers name and contact information, current unpaid Balance, original loan to value, DCR( at the time loan was made), Date Loan was Made, Due Date, prepayment penalty, and a recent Broker opinion of value. In the absence of a BOV or BPO CAM is capable of providing to the lender for a fee.

Upon receipt of these items CAM’s team will contact the borrower by phone and mail with the goal of setting an appointment with the mortgagee to determine if they can qualify for a new loan thus allowing the asset to be removed from the current lenders portfolio.

Upon CAM performing this type of Service the Lender is required:

• To Pay all borrower’s loan fees including origination fee, and third party report fees

• Dependent on UPB vs Current BOV lender may need to agree to principal reduction

• All prepayment penalties must be waived and forgiven

• Lender must grant exclusivity to CAM for an agreed upon period of time and provide a letter of authorization that can be shown to the borrower.

What Can be Expected:

• Loans that can be refinanced will be removed from your books

• Loans that can’t be refinanced may come back as request for Loan modification or workout with a current forensic report of the borrowers & property status.

• During interviews with borrower’s there will be those who need and want to sell but need the lender to agree to short sale. The property would be sold through one of CAM’s approved broker partners.

• Non- performing loans should be considered a moving target falling into various stages of the foreclosure process. The Lender will be asked to assign the Asset to CAM to be sold through one of CAM’s approved broker partners.

• Simultaneous efforts made to sell the performing and non performing notes.