How long does the loss mitigation process take?

The length of the loss mitigation process at Washington Mutual depends on various factors, making it challenging to provide a specific timeframe. Each case is unique as it involves evaluating the borrower's circumstances, financial situation, and potential solutions. The process typically includes gathering and reviewing required documents, assessing eligibility, exploring available options, negotiating with lenders, and finalizing a suitable agreement. This process can take several weeks to months, contingent upon the complexity of the case, responsiveness of the borrower, and the volume of requests. However, Washington Mutual strives to expedite the process while ensuring thoroughness and personalized assistance to achieve the best outcome for its customers.