Tag Archives: Loan Value Group

Radian Guaranty Inc. will begin offering a program that provides cash rewards to homeowners who stay current on their newly modified HAMP mortgages.

Loan Value Group announced the hiring of Eric Smith as a managing director. In his new role, Smith will promote the company’s Responsible Homeowner Reward (RH Reward) program by developing strategic partnerships with lenders, servicers, and hedge funds.

Loan Value Group LLC (LVG) brought on two new directors of sales for its Responsible Homeowner Reward program. As senior sales executives, Kelly Johnson and Kim Schubert will be responsible for the development of strategic relationships with mortgage lenders, insurers, and servicers in the promotion of company’s homeowner reward program.

GMAC Mortgage has teamed up with the Loan Value Group, LLC on a pilot program that provides financial incentives for borrowers with VA loans to remain current. GMAC is offering Loan Value Group's Responsible Homeowner (RH) Reward program to a group of Veterans Administration (VA) customers who are current on their mortgage payments but have seen a significant decline in the value of their homes. The program returns a portion of their lost equity in exchange for continued, timely mortgage payments.

Loan Value Group recently announced that its Responsible Homeowner Reward program was chosen by Time magazine as one of the 50 Best Inventions of 2010. Ranked fifth and the only financial product on the list, RH Reward is a system that monetarily rewards borrowers for timely mortgage payments. The publication touts the company's program as a solution to reducing foreclosures by addressing the problem of strategic default, which accounts for as many as 30 percent of all home-loan defaults.

Loan Value Group, a strategic default solutions provider to owners of risk, recently named Louis J. Petriello CFO and general counsel. Petriello will oversee all company accounting practices and legal affairs in his newly created role. In addition, he will work to implement Responsible Homeowner Reward (RH Reward), the company's cash payment program for homeowners affected by negative equity who remain current on their mortgages.

Loan Value Group recently announced that its Responsible Homeowner Reward (RH Reward) program has been included as an alternative resource in Ohio's Hardest Hit Fund (HHF) plan for homeowners who are underwater on their mortgage but may not qualify for the official state-run programs. The RH Reward program provides cash incentives to homeowners who remain current on their mortgages, and Ohio says it is a valuable incentive to deter strategic default and even reduce principal for some borrowers with negative equity.