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PipelineUser
friendly pipeline allows indentify prospects, clients and
the different type of milestones to know exactly what is the
status of each file.
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Customer Relation Management
Powerful CRM maintains all the contact information for your
prospects and clients, phone numbers, emails, best time to
call, follow up dates, etc.
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Property & Loan Info
Property information with all detailed
information of the status of the property... foreclosure, bk?
Loan Information, indicate the lender names, account
numbers, amount behind, rate, etc.
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Zillow Interface
To have a quick idea of the current
value of the property at no charge.
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Freddie & Fannie Mae Interface
If the property is Freddie Mac or
Fannie Mae approved they may qualify for other type of loan
modification programs, or can be escalate for a supervisor
review... and have priority in the imminent default
department...
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Accounts
System pull credit report, this is requested for most lender
to have a clear idea of liabilities what it help to build a
strong file (score don't matter). But you may find client
making payments $2,000 in credit cards and asking for a loan
mod when the mortgage is only $800... and of course this
will not be acceptable for the lender...
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Financial Analysis & Pre-Qualification
All the income and expenses
centralized in one screen, the system have a meter that
shows the probabilities of having this file successfully
approved for a modification... EASY PRE-QUALIFICATION!
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Self Employment (P&L)
No need to call an accountant... just request the latest 6 months of their business bank account and use our online form.
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Guidelines
HAMP...OBAMA Guidelines are very simple if you pay more than
31% from your gross income, and is a primary residence, you
have a good chance to get your file approved. Our systems
handles HAMP and Traditional Loan Modifications...
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REOMany loan
mod companies use audits on the loan documentation, finding
errors to leverage on this to obtain a modification.
We focus on what the lender do... the bottom line... how
much money we will lose if we don't give the client a
modification... is what the lenders care..
We help them to obtain a quick answer, our system includes
an REO Report, a deep valuation report specialized in
REO properties. A property current value AVM could be
$319,000, but if the property goes as REO the current value
is $190,000... and the report also give us an estimate of
how long the property will take to sale in May 2010 (see
report pulled on May 2009) and the REO forecast value for
May 2010 is $117,000. The REO Report is the MOST valuable
tool to force a lender collaborate in providing a loan
modification!
New Updated HAMP Guidelines Jan 2010 see page 7 under CREDIT REPORT and PROPERTY VALUATION.
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Hardshipin
compliance with regulations the form 1021 or Affidavit is
included, a brief explanation of the hardship can be added,
as well we include the Government Monitory section as
recently was added as requirement for compliance.
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Fees & Commissions
Keep track of the fees that will be
charged, and the money you received from the client. System
also records the commissions you paid to your agents.
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Document Management
The way you send docs to the lenders
may affect in how fast your file will be reviewed. This
modules help you have the right organization, and keep all
the documents in one place, your agents upload the docs the
supervisor to review and send to the lenders...
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Submission One-Click
Once you collect all the documents, you will end up with
30-50 pages of documents that need to be send to the lender,
Loan Modi Plus makes this task as easy as submitting all the
selected docs with one click (you will need to open account
to send eFaxes, with www.greenfax.com).
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LogsAll the
notes of every conversation with lenders, agents, client are
recorded in one file and organized by sections and with time
stamp, this logs include every time that you faxed (or
emailed) documents to the lenders...
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ProposalOnce
the lender reach a final decision is time to present the
proposal and invoice for services to the client..
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InvoicingThe
proposal generates a MS Word document that you can modify on
the fly and print.
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