Loan Modification is an attorney-backed process that helps your clients that cannot meet the financial obligations of their mortgage. This process is essentially one of negotiation between the attorney (for your client) and the client's lender.
The attorney works to negotiate mortgage terms for the client that will create a more sustainable financial future for the client. This can include modifying the client's loan to lower the interest rate, reduce the principal balance, fix the interest rate (if adjusting), & forgiveness of payment defaults.
The end result is meaningful assistance to your clients that are on the verge of foreclosure and would like to avoid such a foreclosure.
Beginning in 2007 our nation experienced the so-called 'Credit Crunch'. This has left a substantial number of homeowners either facing foreclosure or on the brink of foreclosure. Many of these homeowners began turning to the lenders and brokers who originally placed them in the very loans for which they are now in default/foreclosure proceedings.
What they found is that they couldn't be helped.
Loan Modification exploded onto the scene as a solution that helps these people facing foreclosure. It has brought renewed vigor and profitability to brokers while giving them the opportunity to help homeowners that would otherwise be denied assistance.
If you'd like to add Loss Mitigation & Loan Modification to your portfolio of product offerings you can fill out the short form to the right, call us, or fill out our
Broker Application.
$995 per File
NOD’s Accepted
Attorney Serviced
• Dedicated Account Executive
• Training & Support
• Direct Deposit
• Marketing & Lead Support
• CRM/Software is available
Loan Modification Net Branch - Programs For Today's Diversified Broker...
Timely, accurate pay-outs. You can't waste time doing 'math' everytime you get paid
