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May 09, 2008
First American’s Suit-On-Note Scoring Module Quantifies Optimal Resolution Projections for Investors and Servicers
First American Subordinate Lien Outsourcing announced the debut of its Suit-on-Note Scoring Module (SONSM Score). Used in conjunction with the determination of property equity and understanding the borrower’s economic situation and intent, the SON Score helps servicers and investors ascertain the optimal resolution for servicing subordinate lien assets.
The SON Score provides an analysis of a respective borrower’s current real estate assets as well as a determination of a loan’s eligibility for the Suit-on-Note process, which is a different legal cause of action than a typical foreclosure action
Posted by S. Germain at May 9, 2008 08:15 AM