MarketWatch.com reports:

ALISO VIEJO, Calif., Aug 05, 2008 /PRNewswire via COMTEX/ -- ModCo LLC, a California-based company seeking improved communications between servicers and borrowers, has launched ModCo Solutions, a new division created to help Mortgage Servicers cope with increasing foreclosures and changes in Mortgage Servicing laws. ModCo Solutions puts servicers and lenders in Direct Contact with borrowers, employing Loss Mitigation strategies and Field Services with a preemptive approach to default servicing. As foreclosures reach record levels, the firm seeks to provide the infrastructure for servicers to meet existing and new servicing regulations and reach out to more troubled borrowers before Foreclosure is the only option.

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