Xome® Xpert Seller Launches to Provide Mortgage Servicers with a Tool to Empower Borrowers with Additional Home Sale Options...
June 02 2021 - 9:00AM
Xome®, the leading end-to-end provider of real estate services,
today introduced its Xome Xpert Seller Program, which provides
options for borrowers affected by the pandemic and unable to
reinstate their mortgage. Through this program, servicers can
connect their borrowers with real estate professionals and guide
them through the marketing and sales process of their home,
leveraging Xome’s auction platform. Additionally, the program
offers homeowners the opportunity to take advantage of cost savings
while ensuring a smooth transition throughout the process.
Today, roughly 2.1 million homeowners are
currently enrolled in forbearance and are at risk of foreclosure
due to the economic impact brought on by the coronavirus pandemic,
according to the Mortgage Bankers Association. As forbearance
periods expire and servicers prepare for the impact of defaulted
loans, Xome’s Xpert Seller Program gives servicers a way to help
homeowners and provide the necessary resources, including access to
Xome’s online auction marketplace, to navigate the process of
selling their home.
“For homeowners coming to the end of their
forbearance plan who know they won’t be able to make payments, we
want them to know that they have options and that they can control
what comes next,” said Mike Rawls, CEO of Xome. “We’ve made it our
job to work with servicers to provide homeowners with alternative
solutions, to offer them the opportunity to sell their home and
hopefully retain their equity. Our mission is to empower them with
the options and resources they need to navigate this challenging
time.”
While Xpert Seller benefits homeowners who
choose to participate, it also benefits buyers, mortgage servicers,
real estate agents as well as the surrounding communities. For
buyers, the program increases housing supply where there has been a
shortage in the marketplace while enabling mortgage servicers to
more effectively and proactively manage credit loss.
Pre-foreclosure sales also benefit neighborhoods by limiting the
number of vacant properties, which can bring down surrounding home
values.
Resources available with Xpert Seller by Xome
include:
- Access to Xome.com, a leading online real estate and auction
marketplace
- An MLS Portfolio Search/Match Analysis
- National real estate agent network and oversight
- Borrower outreach programs to right party contact (borrowers
must provide express authorization prior to first Xome
outreach)
- Occupancy verification
- Property inspection & valuation
- Timeline management (specifically, HUD’s Pre-Foreclosure Sale
program)
- Borrower contact best practices (scripted communication with
homeowners who have chosen to opt into the program by trained and
experienced professionals)
- Mobile CRM application between Xome and Xome agent panel
For more information on Xome’s Xpert Seller
program please visit click here.
About Xome
Xome Holdings LLC is a real estate solutions
provider serving mortgage servicers, originators, real estate
professionals, financial institutions, and home buyers and sellers.
Xome offers asset management, property disposition, title, close,
valuation, and field services through an integrated,
technology-driven platform. Based in the Dallas area, Xome is an
indirect wholly-owned subsidiary of Mr. Cooper Group Inc. (NASDAQ:
COOP). For more information, please visit
www.xomesolutions.com.
Media ContactCherie
GiffordManager, Corporate Communicationsmediarelations@xome.com
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