In this blog we are going to tell you about Novad Consultancy, so read this blog carefully to get the complete information.
You undoubtedly already know about the recent reverse mortgage fraud that has been going on around the country if you are the loan owner. Mortgage service companies are defrauding borrowers of their money and personal information. The borrowers who received the NOVAD letters are uneasy and insecure. They are using social media sites and internet forums to discuss and gather information regarding the Novad Management Consulting fraud. You should read the article if you have received a letter that is similar to others you have received.
Introduction
Secretary for a Single Family, The primary concentration of NOVAD Management Consulting’s mortgage servicing operations is on Owned Portfolios of FHA and Home Equity Conversion Mortgages, as well as Limited Claims in the Name of FHA and Home Equity Conversion Mortgages. NOVAD Management Consulting also services Limited Claims in the Name of FHA and Home Equity Conversion Mortgages.
This company is owned by a minority group and specializes in a wide variety of fields, including but not limited to property management, business process re-engineering, financial and compliance auditing services, and program and risk management. The company has been in the news due to a new notification regarding a reverse mortgage scam distributed to clients in the United States.
Services offered by Novad
Novad Consulting examines the front-end, middle-end, and back-end charge collection processes in order to discover and suggest “Best Practice” for increasing income from third parties.
The team will receive assistance from Novad Consulting in the creation of dashboards, as well as the development of monitoring tools, which will support operational choices and detect high risk areas that might influence or disrupt operations.
RELATED – Pokemon Showdown Unblocked: Know how to download the Pokemon Showdown App!
What is a scam all about?
The NOVAD Scam is a widespread fraud that specifically preys upon older adults possessing reverse mortgages. Swindlers send residents letters informing them that a loan transfer has taken place and that any outstanding payments must be made to ISN Corporation. The fraudulent letters purported to come from Novad Management Consulting, the purported sender.
The letter is addressed to the recipient by way of the ISN Corporation, which means that the street address and phone number listed on the letter are both fictitious. Those duped into believing the letter would come from a legitimate company went online to research the con and lodge a complaint after receiving it.
Then, a letter purporting to be from Novad Consulting but being a scam was sent to people who were applying for loans but had been denied. As a result, you shouldn’t engage in any form of communication with the company that was mentioned in the notice, nor should you send any money to them.
Some details information about the scam
Following an exhaustive study on and off the internet, we came across numerous significant elements that show it to be a hoax. The following are some examples of these:
- The receivers of the letter are requested for further payment in the form of ISN Corporation, even though the business borrowing the money has no link to the letter. The message appears to be from NOVAD and informs potential loan beneficiaries that their funds have been transferred.
- Users have reported that they have never gotten a loan or mortgage through NOVAD or ISN Corporation; hence, claiming that they have done so is irrational. It would help if you removed the letter from Novad Management Consulting as soon as possible since it is a fraud.
- Users have said that they have never received the letter. The scam’s goal is to obtain people’s personal information so criminals may steal their money. In addition, the criminals can also use the personal information for committing future crimes.
Even though a few individuals have stated that the letter is genuine, the assertions made in the document have not been given official confirmation yet. Everyone who has received the mail should be aware of the scam, and to protect themselves, they should disregard it until NOVAD confirms that it is legitimate.
RELATED – What is Osmtecno.com- Types and Benefits- Know in detail
Conclusion
A Concise Overview of the Novad Management Consultancy Even among those citizens of the United States who do not have reverse mortgage., the scam has irritated many people. Nevertheless, until Novad provides the necessary proof, these letters should not be considered authentic in any way. You should also receive helpful direction on protecting yourself from con artists and other potential predators.
We Hope this blog is sufficient enough to provide the information about Novad Consultancy. Thanks for reading this blog.
