Bankruptcy and Foreclosure

Bankruptcy Services

DEVAL offers an effective and efficient centralized approach to servicing mortgagors experiencing bankruptcy. Our proprietary, scalable, integrated system explicitly accommodates the complexities of the mortgage loan bankruptcy process. It meets all regulatory requirements and NIST 800-53 standards, the basis for FISMA. Electronic imaging and workflows ensure secure, paperless total document and case management.

Bankruptcy and Foreclosure Services We Offer


Bankruptcy servicing includes the following:

  • File proofs of claim (POC) or notice of assignments as needed for Chapter 13 and Chapter 7 asset cases
  • Bankruptcy monitoring (e.g., POC acknowledgments, case follow ups, miscellaneous document reviews, correspondence reviews)
  • Timely review of Chapter 13 plan language and raising objections to language that may compromise the debt
  • Timely response to POC objections
  • Customer service related to bankruptcy issues
  • Discharge and dismissal processing

With DEVAL LLC’s uniquely structured approach to administering bankruptcy for loans, we protect the rights of borrowers by ensuring collection activities are stopped in a timely manner. Upon conclusion of the bankruptcy, the borrower is promptly returned to active servicing or collections.


DEVAL is able to provide support to foreclosures of residential loan mortgagors by monitoring foreclosure filings on a loan level and supplying needed information to the investors, lenders and attorneys tracking the progress on a loan level as foreclosures are filed at the state or federal courts.

Foreclosure Monitoring includes:

  • Monitoring of the foreclosure Filing including Complaint, Motions, and Judgments
  • Monitoring of Evictions and Writ of Possessions
  • Reporting on a loan level to investors, lenders and attorneys

Our team will collaborate with the investor and lender’s chosen attorney, ensuring the updating and proper monitoring of loan-level information. DEVAL’s loan servicing system sets up loans, initiating support processes as per state and federal regulations upon written request from the investor and lender. The foreclosure process adheres to all sizes and types of loans, following state and federal regulations, including challenging private money, multi-investor, and subprime loans.