Archive for the ‘Loss Mitigation Consultant’ Category
Can any kind of lawyer charge up front fees for loss mitigation services?
July 27th, 2009
I ask b/c the CA statute states that "A person licensed to practice law in this state when the person renders service in the course of his or her practice as an attorney at law" is exempt from the foreclosure consultant statutes. Does this apply to loss mitigation companies that hire an in house attorney? If the company has an attorney can they charge advanced fees or does it have to be an attorney working through his/her law firm?
To clarify, I have been told by NUMEROUS attorneys that if an attorney is in house counsel for a loss mitigation company and they attorney represents the company's clients in the loss mitigation, it is an ethical violation. That as an attorney, loss mitigation can only be done through that attorney's law firm -- not the loss mitigation business itself. I want to know if this is true. I hope that helps to clarify my question.
I was told by a CA attorney that, "[an] attorney is exempt as long as the attorney is not affiliated with the company doing the work (i.e. an attorney in the practice of law would be exempt, not an attorney hired by the company to skirt this exemption). Public non-profit companies are exempt from the law as well (but not private foundations). "
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Posted in Loss Mitigation, Loss Mitigation Consultant | 
Tags: attorney at law, attorney exempt, attorneys, ca attorney, charge upfront fee, ethical violation, Foreclosure, law firm charging fee for loss mitigation services, loss mitigation fees, loss mitigation service fees, loss mitigation services, loss mtigation, private foundations, profit companies, statute states, upfront free for loss mitigation services | 
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Any Loss Mitigation Consultant Out There?
July 25th, 2009
Does anyone know about becoming a Loss Mitigation Consultant? Is this for foreclosures?
I am looking for a job and I came across postings in becoming a Loss Mitigation consultant. Since I'm familiar with the mortgage industry, I thought this would be a good area for me. However I have found that a lot of these websites charge you to become a consultant. Is this the way it usually is or are they just trying to make more money?
Is anyone here a current loss mitigation consultant?
Has it worked for you?
I really don't want to throw my money away but I would like to get into the Foreclosure area because I know lots of people going through this now.
Posted in Loss Mitigation, Loss Mitigation Consultant |
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Career as a loss mitigation and foreclosure specialist?
July 18th, 2009
I am interested in making loss mitigation my career but I have a few questions about it. Would this be a lucrative career path? What are the job duties of a loss mitigation specialist/ foreclosure specialist? Is the job salary based or commission based?
Any insight would be helpful. Thank you.
Posted in Loss Mitigation, Loss Mitigation Consultant |
Tags: about loss mitigation, career as a foreclosure specialist, career as a loss mitigation consultant, career in loss mitigation, commissions, commissions for loss mitigation specialists, foreclosure specialist, foreclosure specialists, how much does a loss mitigation officer earn, income, Loss Mitigation, loss mitigation career, loss mitigation career path, loss mitigation consultants, salary, salary based of loss mitigation specialists, salary of foreclosure specialists, salary of loss mitigation specialist, what does a loss mitigation officer do |
1 Comment »