Loan Modifications
Besides displacing a homeowner, a foreclosure can result in up to $150,000 in losses for the homeowner, lender, local government, and neighboring homeowners whose homes fall in value. With loan modifications taking on a more significant role in today’s market, servicers and lenders can develop a comprehensive loan modification strategy to help homeowners avoid foreclosure.
We offer a total automated workflow solution with built-in compliance to streamline your processes and improve efficiency. It utilizes industry best practice approaches to help you quickly implement loan modification programs that are compliant with current legislative or investor requirements, including the Making Home Affordable Program.
Key loan modification features and benefits include:
- Portfolio review—automated servicing to determine which loans meet the criteria for your loan modification programs, refinance, short sale, etc.
- Settlement services suite—full portfolio of settlement products, including AVMs, Alternative Valuations, Title Insurance and Endorsements, and Title Search Reports.
- Document packages—comprehensive library of standard individual documents and complete document packages to get up and running now, or customize them to meet customer needs.
- Secure online delivery and reporting capabilities—packages delivered in seconds with faster borrower acceptance and response with e-consent and e-signature features.
- Paper fulfillment—backup print fulfillment when e-delivery isn’t an option.
- Outsourced data entry support team—available when you need a little extra help.
- Recordation Services—accurate and timely recordation services for packages within any of the 3,600+ U.S. jurisdictions.
Visit our Loan Modification Manager web site
Visit our Loss Mitigation Resource Center web site