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| This software will provide you with a step-by-step instructions on how to prepare your bank-ready loan modification package! Click Here to view Demo.
You will register online, pay online, and complete all necessary forms online, which will automatically be converted in to a Bank Ready Loan Modification Package. The software will automatically populate all necessary docs: Cover Sheet and Letter, Income & Expense Worksheets, Hardship Letter, Detailed Proposal, 4506-T, Schedule of Real Estate (if applicable), Profit & Loss (if applicable), etc. Plus, you get a detailed e-book explaining the process, outlining bank guidelines, and providing tips for success. |
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| Software: |
Web Based Software
 100% Turnkey system with 24/7 Access
No Software to Download or Install
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Bank-Ready Loan Modification Package
All Forms are Auto-populated with data entered in software
Prepare a package for your 2nd Trust Deed at no extra charge |
Built-In Proposal Module
Propose new payments and terms to your lender
Analyze the cost of foreclosure and lender's loss if they foreclose on property |
Instructional e-Book: Guide to Loan Modification
Detailed instructions for using the software
Learn more about what banks are looking for and how to structure package |
Full Access
12 mos. Unlimited Access
Web-based Software, Access from Any Web-enabled Computer
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Automatic Doc Generation
All Data is Automatically Put into Proper Forms
Title Forms, and more! |
HAMP Proposal Module
Easily prepare unlimited HAMP friendly proposals!
Caculations for for front/back DTIs
Cash Flow Analysis
Breakdown on Cost to Foreclose
Estimated Lender Loss from Foreclosure |
Centralized, Secured Doc Storage
Safely Store Your Complete Package Online in Digital Format
Upload and store multiple file formats like PDF, JPG, GIF, HTML, DOC, XLS, etc. |
State-by-State Regulations/Legislation
Continually Updated Database of State Regulations
Each State has their own regulations pertaining to licensing, collecting advanced fees,  penalties, etc. |
Federal Programs & Guidelines
Resources and frequent updates to the HAMP program guidelines, and other programs, affecting the loan modification Industry will be discussed and posted here.
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| Forensic Loan Audit: |
By adding a comprehensive Forensic Loan Audit, you are letting the Lender know you are serious! The "narrative" included with every Loan Audit outlines all of the violations in your loan documents, using wording and terminology that is both straightforward and compelling. A Loan Audit gives your file some "teeth." Now, you have leverage with the Lender...since most loan documents contain multiple violations of Federal Law (e.g., RESPA, TILA, HOEPA). |
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Our forensic loan audit reviews mortgage loans file for compliance with over 330 federal and state mortgage lending laws, including regulatory requirements related to: |
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Truth In Lending
HOEPA (Section 32)
Predatory lending
Usury
Prohibited Fees
Fee limits and other restrictions
Higher-rate, higher-risk, higher-priced subprime, nonprime, and rate spread laws
Prepayment penalty enforceability
Late fees and grace periods
Interest calculation and accrual requirements,
Debt-to-income requirements
Loan-to-value requirements
Negative amortization prohibitions
Balloon payment prohibitions
Payment and other term limitations
Escrow and impound restrictions
Critical aspects of the eligibility requirements of the Home Affordable Modification Program |
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| Support: |
In many instances, Homeowners enter information that disqualifies them from receiving a Loan Modification. The Support is, arguably, the most important part of the process. |
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With this program, your Support package will only include a review of your loan modication package to make sure that your income, expenses, DTI (debt-to-income ratio), employment history, cash flow, savings, and so forth, meet the Lender's guidelines for "modification." |
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Identify loan modification criteria
Identify consumer hardship and any mitigating circumstances
Review income information in DIY system
Review expense/debt information in DIY system (mortgage & credit card payments, etc).
Perform market analysis on subject property
Analyze client information in terms of lender or servicer's guidelines
Compare and contrast current position against the new proposed position
Identify outstanding items, or incomplete information, and any issues or concerns regarding submission
Review ability to pay
Ratio analysis
Correspond with client |
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