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information and resources

General Information . Other home retention models are typically focused on fielding inbound calls to identify potential loss mitigation opportunities and then handing off the loans to the servicer for negotiation and closing. This results in an increased workload on the servicers’ already stressed capacity to accommodate borrower inquiries. HEART will actually work with the borrower to identify their intention to retain the property and current ability to pay, and then manage the closing of an appropriate option including loan modification preparation, title and recording, short sale or deed in lieu negotiation, and the like.

Pricing . Servicers interested in pricing information should contact:

Gerald B. Alt, President and CEO
HEART Financial Services
4201 Lake Cook Road
Northbrook, IL 60062
847-770-4130 tel
jalt@logs.com

Press Releases and Publications . The following links provide information about HEART FInancial Services and its business.

Riding Foreclosure Wave (Crain's Chicago Business - September 10, 2009 video)

Home Bust Makes Heart Tick (Crain's Chicago Business - September 7, 2009)

Using Technology to Help Desperate Borrowers (Mortgage Technology - June 4, 2009)

HEART And CCCS Announce Strategic Alliance (February 26, 2008)

Company Brochure (July 2007)

LOGS Announces HEART Financial Formation (May 23, 2007)

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Why We Are Different

  • Improved communication with homeowners during late stage collection or the critical first thirty days of foreclosure (while there is still time to evaluate and close on a viable loss mitigation strategy);
  • Better ability to influence loss mitigation in bankruptcy cases due to our legal network’s familiarity with debtor
    counsel;
  • Faster reaction time to identify and close repayment plans or loan modifications, and a resulting reduced expense to the borrower and servicer.

Our Philosophy

We Have Heart ...

Our unique programs focus on making meaningful contact with borrowers on behalf of our investor and servicing clients, that yield better results and helps keep their customers in their homes and avoid foreclosure.

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Consumer Info

The Treasury unveiled a new Web site this morning with consumer-oriented tools and information about the Administration’s Making Home Affordable program. As many as 7 to 9 million homeowners may be able to benefit from this initiative.

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