About Franklin Credit
Franklin Credit Management Corporation ("Franklin Credit") is a specialty consumer finance company primarily engaged in the servicing and resolution of performing, reperforming and nonperforming residential mortgage loans and in the analysis, pricing, due diligence and acquisition of residential mortgage portfolios for third parties.
For nearly 20 years Franklin Credit's core businesses have focused on the scratch & dent and distressed residential mortgage asset markets having purchased and serviced more than 100,000 residential mortgage loans aggregating over $5 billion in principal. We have invested heavily to create a loan servicing capability that is focused on collections, loss mitigation and default management. Our servicing operation is focused on maintaining close contact with borrowers, and as a result is more labor intensive than traditional mortgage servicing operations. Our servicing staff employs a variety of collection and loan modification strategies to successfully manage serious delinquencies, bankruptcies and foreclosures. Additionally, we maintain a real estate department with experience in property management and the sale of residential properties.
Franklin Credit now offers its considerable expertise to provide customized and comprehensive loan servicing and portfolio acquisition services to the residential mortgage markets. As the mortgage market continues to experience record and rising delinquencies and defaults and collection becomes more challenging there really is only one choice when it comes to third party servicing solutions ... Franklin Credit.
The Company's operations are located in Jersey City, New Jersey.