Advanced Alternative Lending
Standby & Backup Mortgage Administration Services
Our Warm Standby solution provides active engagement and readiness. We conduct monthly reviews of the current servicer’s borrower base, allowing us to maintain familiarity with the portfolio and ensure a seamless transition if needed. This proactive approach minimizes disruption and ensures we can step in quickly with minimal onboarding time. This solution is particularly well suited for out-of-country lenders or private equity firms who may not be fully familiar with Canadian mortgage regulations and servicing practices.
Key Features:
- Monthly borrower file reviews
- Monthly payment activity review for early detection of servicing issues
- Agreement templates available to streamline onboarding and activation
- All review services are verified by a designated professional (CPA/CA) to ensure accuracy and compliance
- Rapid activation capability
- Ongoing data synchronization
- Enhanced risk mitigation
Our Cold Standby option offers a more passive contingency plan. We remain on standby without regular portfolio reviews, ready to activate upon request. This solution is ideal for lenders seeking a cost-effective backup without ongoing oversight and who are familiar with the Canadian mortgage regulations and servicing practices.
Key Features:
- No monthly reviews
- Minimal operational cost
- Activation-ready infrastructure
- Suitable for low-risk portfolios
- Agreement templates available to streamline onboarding and activation
At Advanced Alternative Lending, we bring more than just contingency planning we bring confidence, capability, and a deep understanding of the mortgage servicing landscape. Our standby/backup services are backed by a unique combination of industry experience, technology expertise, and strategic partnerships that set us apart.
Our team is fluent in the three most widely used mortgage administration platforms in the industry:
- Mortgage Automator
- The Mortgage Officer
- Dolphin Enterprise
This versatility ensures we can integrate quickly with existing systems or adapt to new environments with minimal disruption.
With over 20 years of experience in Power of Sale and Foreclosure, our team is equipped to manage complex recovery scenarios with precision and care. We understand the legal, operational, and borrower-facing aspects of these processes, ensuring that outcomes are handled professionally and in alignment with your business goals.