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LoanMarket Partners With FCI Lender Services

Wednesday, April 29, 2009 5:16:00 AM PDT | VentureDeal Staff

Irvine, California  --  Online real estate loan marketplace LoanMarket.net announced that it has partnered with FCI Lender Services to provide investors with integrated loan servicing and collection options with their asset purchases.

FCI will provide its loan servicing solutions for both institutional and individual buyers on LoanMarket.net.

“One of the first questions investors have is regarding the collection of monthly principal and interest payments from their income-generating note investments,” said Jeff Freud, founder and President of LoanMarket.NET. “Due to the liability, time, and cost of servicing individual notes, real estate-secured note buyers typically do not want to service loans themselves. We believe it makes much more sense to economically outsource this function to a trusted partner that can handle everything from the most basic billing and collection, to more hands-on distressed servicing, to the complete management of the foreclosure process.”

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