RUMSON, N.J.--(BUSINESS WIRE)--Loan Value Group, LLC today announced that Arch Bay Capital, LLC, one of the nation’s leading investment firms specializing in the real estate and mortgage industries, will begin testing LVG’s Responsible Homeowner Reward® (RH Reward®) program to lower delinquency rates and reward on-time payments among some homeowners in its mortgage portfolio.
“RH Reward could be an important tool for Arch Bay as we strive to maximize returns for our investors,” said Robert Mattesky SVP, Capital Markets of Arch Bay Capital. “This new and innovative program will also allow us to provide homeowners the opportunity to be rewarded for remaining current, modifying or refinancing their mortgage.”
Frank Pallotta, Managing Partner of Loan Value Group, said, “RH Reward has a demonstrated ability to substantially lower delinquency rates and drive desired payment behavior. We’re excited to work with Arch Bay and applaud their commitment to home ownership.”
About Arch Bay Capital, LLC
Arch Bay Capital is one of the nation’s leading investment firms specializing in the real estate and mortgage industries. Its family of companies combines talented professionals with proprietary processes and technology to help achieve superior execution from acquisition and origination to resolution and securitization. Nothing contained in this release shall be deemed or construed to be an offer to homeowners in Arch Bay’s mortgage portfolio.
About Loan Value Group LLC
Founded in 2008, Loan Value Group, LLC is a large scale, turn-key provider of residential mortgage incentive strategies that positively influence consumer payment behavior on behalf of residential mortgage risk owners and servicers. Based in Rumson, New Jersey, LVG is the creator and exclusive provider of the Responsible Homeowner Reward® program, named one of the “50 Best Inventions of 2010” by TIME Magazine. Learn more by contacting Frank Pallotta.