ProVest Expands Borrower Location Program

ProVest LLC, a national process server management company, says it is working with 16 of the top 20 mortgage servicers, as well as a government-sponsored enterprises to locate delinquent homeowners that the companies have been unable to contact. Once the homeowner is located, servicers then have the ability to contact and educate him or her about alternatives to foreclosure and help to save the home from going into foreclosure.

ProVest currently searches for upwards of 100,000 borrowers every month, locating more than 55% of the individuals. The company notes that it successfully located a large percentage of no-contact borrowers in 2008 and is further expanding these efforts in 2009 as the servicing industry leverages additional tools to increase home retention.



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