Simplify Your Loan Modification Program

The number of foreclosures continues to skyrocket. According to the Center for Responsible Lending more than 1 million foreclosures have taken place in the U.S. in 2009. That’s over 6,500 per day or one every 13 seconds! At an estimated cost of $151,000 per foreclosure (Joint Economic Committee of Congress) this places a huge economic strain on the lender, borrower, and local government, as well as the community.

Loan modifications are a necessity to try to offset the spiraling effects of a foreclosure. The longer an account lays dormant, the deeper your borrower goes into default, making it more difficult for them to qualify for a loan modification. You know you need to act quickly to modify loans at risk of default but your staff is already overburdened and finding qualified staff is difficult and expensive. Your options are limited, until now. Loan Modification Manager is your solution!

Automated End-to-End Workflow

Loan Modification Manager offers a single comprehensive solution to help you minimize the number of loans that go into default while maximizing use of your internal resources. We automate the workflow to identify actionable loans, provide the settlement services, and create consistent, accurate documents securely delivered online. Automatic updates ensure that your documentation is up-to-date with the latest loan modification regulatory requirements.

With Loan Modification Manager, your staff will be able to efficiently handle increased loan volumes, shorten borrower turn times, and reduce compliance risk. Key features and benefits include:

• Loan modification portfolio review—automated servicing portfolio review to determine which loans meet the criteria for loan modification programs, refinance, short sale, etc.



• Settlement services suite—full portfolio of loan modification settlement products, including AVMs, Alternative Valuations, Title Insurance and Endorsements, and Title Search Reports.



• Loan modification document packages—leverage our comprehensive library of standard individual documents and complete document packages to get up and running now, or customize to meet your customer needs.



• Built-in compliance—to meet regulatory, jurisdictional, and business requirements.



• Secure online delivery and reporting capabilities—loan modification 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—our team is available when you need a little extra help.



• Recordation services—accurate and timely recordation services for the loan modification package within any of the 3,600+ U.S. jurisdictions.

Visit our Loss Mitigation Resource Center to gain a better understanding of the government foreclosure relief plans, including Making Home Affordable and HOPE for Homeowners programs. You’ll learn how we can help you create loan modification programs specific to the needs of your borrowers.

You will also enjoy free access to informative webinars, compliance articles, and videos, as well as quick links to government and regulator web sites.