OMNIBUS AMENDMENT NO. 2Omnibus Amendment • January 2nd, 2020 • Bluegreen Vacations Corp • Real estate agents & managers (for others) • New York
Collection efforts and delinquency information concerning the timeshare loans are managed by Bluegreen Vacations Corporation (the “Servicer”) and are handled by a staff of experienced collectors, assisted by a mortgage collection computer system. The Servicer’s collectors are incentivized through a performance-based compensation program. Technological capabilities include integrated software modules, and automated lock box, credit card and clearing house processing. The Servicer'sServicer’s aim of minimizing account delinquencies by promoting satisfactory customer relations is also reflected in its collection policy. The Servicer'sServicer’s collection policy is designed to maximize cash flow and assist each obligor with the management of his or her account.
