Marix Servicing LLC, a national mortgage servicer based in Phoenix Arizona, recently released a new borrower outreach program aimed at helping mortgage servicers contact distressed borrowers at risk of losing their homes to foreclosure.
President Obama’s new Housing Affordability and Stability Plan will allow an estimated three to four million homeowners reduce their monthly mortgage payments through modifications. According to Marix, the only way this plan can be effective is if mortgage servicers are able to reach the borrowers quickly and are skilled in loss mitigation techniques.

To address this need, Marix has developed a process to assist servicers with “effective outreach techniques and skilled counselors who understand the borrower’s situation.”
Rick Smith, president of Marix, explained, “We have developed a process and have the capacity to take on the work flow to assist servicers and their borrowers, which will facilitate the Obama housing plan during this critical economic time.”
Marix SVP Steve Paton added, “We have even had neighbors of borrowers that we assisted calling us asking for our help. The more time goes by for a distressed loan, the more likely it will end up in foreclosure, and it is our goal at Marix to assist the borrower and try to keep them in their home through modifications and creative borrower home retention efforts.”
Marix is a specialty default servicer formed by Marathon Asset Management, LLC. Marathon is a global investment management firm with $10 billion in capital under management. Marathon has broad experience investing in and financing mortgage assets.