Ensure the loan complies with regulations like RESPA (Real Estate Settlement Procedures Act) and FDCPA (Fair Debt Collection Practices Act).
Do you plan to or hire a servicing company ? buy non performing mortgage notes
Reworking terms (interest rate, term, or principal) to help the borrower resume payments, turning the NPL into a "re-performing" note. Ensure the loan complies with regulations like RESPA