Why clients choose us!
When dealing with lenders regarding loan modification, it is always beneficial to know what you are coming up against.
So now you have acquired a loan modification software. You'll be organized, but you may still lack understanding. We offer insightful information through our client network and research which will assist you in helping more home-owners and our software will highlight areas of concerns that you can concentrate on prior to submitting the loan modification request on behalf of the home-owner.
No loan modification software can issue a guarantee of approval; the Lender makes that decision. But by knowing programs and lenders trend, you are able to create a proposal that will increase your chances of completing the loan modification. Furthermore, using our software's will not only assist you in making the decisions, it will also make your process quicker and easier giving you the ability to increase successful loan modifications. Please view our news and lender reviews to increase your chances in having a successful loan modification closing ratios.
Loan Modification News / Hints
(Please click the links to view the full article)
Making Home Affordable Loan Modification
Government sponsored program designed to help
those home-owners with reducing their mortgage payments
In order to qualify for this program, you must currently have a
Fannie Mae or Freddie Mac mortgage. The Lender must also agree
to participate in this program. The program is not mandatory and
therefore Lenders can choose whether or not to participate.
-
Requesting a mortgage modification is a simple process.
Requesting a mortgage modification is a simple process. Compiling a package that provides the best chances of receiving a modification is more difficult. Lenders will always look for reasons not to provide a modification.
-
This act will 'unprotect' the home-owner and have them face organizations that have legal departments that are bigger than the average home's square footage.
Bank Of America / Countrywide Loan Modification
They have signed up under the Home Affordable Mortgage Program to provide relief to those home-owners that are struggling and have a Fannie Mae or Freddie Mac mortgage.
Litton Loan Serving as not a Lender but services loans on behalf of other Banks. Therefore, their skill set is focused on collections not on assisting home-owners with a mortgage modification.
Wells Fargo is one of our nation's largest banking institutions. They acquired ailing Wachovia Bank recently.
OneWest Bank (IndyMac ) Loan Modification
OneWest Bank was formed from the ashes of Indymac Federal Bank. Indymac Federal Bank was originally IndyMac Bank before it was taken over by the FDIC
Learn about trends and loan modification process with ask questions and interact with other loan modification professionals.
Verify Fannie Mae or Freddie Mac Loans
If the loan is owned by Fannie Mae of Freddie Mac, it may be eligible for the Home Affordable Modification Program.