Servicer Recommendation for CA note, FC in progress

[Andy Mirza]

FCI won't inboard two of our recently purchased CA loans because they have a policy whereby they will not accept any CA loans with a FC in progress in which the property is owner occupied. They feel that there is a huge liability for them since they can't verify that the servicing was done properly before it got to them and cite CA SB900 as the source of this liability.

So far, Madison Management and Note Serving Center in CA won't take the loans either.

Anybody have any other recommendations? (I couldn't get through to anyone on Friday at Evergreen or Del Toro)

Maybe we need to self service these two, which is something new to us. Any recommendations on resources for self servicing?