PHH takes a disciplined approach to the management and resolution of performing, sub-performing and non-performing loans and real estate. We evaluate all viable resolution strategies to determine the most effective strategy for generating the highest net present value for the owner.
PHH's Dual Track Process ensures the proper resolution for maximum proceeds. A business plan is developed for each loan and real estate asset. The plan evaluates and assesses the exposure risk, establishes the strategy and estimates the anticipated cash flow and timeline for resolution. We continue to attempt a workout resolution throughout the foreclosure process while ensuring issues raised during the foreclosure are resolved to avoid lengthy delays.