Private Label System Overview- Do-It-Yourself Loan Modification

The demand for loan modifications is exploding and the Government, Banks, and Media are promoting the Do-It-Yourself approach to modify mortgages. Unfortunately, the banks/servicers and non-profit housing counselors are extremely overworked, making it difficult for homeowners to get answers and immediate help with their mortgage.  Homeowners and their bank/servicer will prefer this model and appreciate the automatic production of a "Bank Ready" Loan Modification Package. Please read below to see our features and supported business models...

Features:

- By filling out simple, secured web forms, a homeowner can instantly obtain a "Bank Ready" Loan Modification package. Complete with step by step instructions, cover sheet with their bank's loss mitigation contact info, formatted request letters, hardship letters, income worksheets, expense worksheets, and proposal worksheets. The proposal worksheet compares the current mortgage scenario with a proposed mortgage scenario, as well as income analysis, market value analysis, cost of foreclosure analysis, and presents total estimated proceeds to bank if a foreclosure is executed.

-Our system works with any existing website (using iFrames) or we can create a new site for you- Call us for a template gallery

-Setup takes 1-2 week depending on customization requests and training is provided on demand.

-Standard or custom documents can be setup with your system

-No Software to download!

Sample Private Label Business Models:

1) Non-Profit Housing Counseling Agencies- Since housing counselors do not charge any fees to homeowners, our system can be setup on an existing website or a new website. The homeowners can pre-qualify themselves online and instantly generate their personalized "Bank Ready" Loan Modification package saving time for the client and housing counselor. If needed, the housing counselor/processor can log into the homeowner's loan modification application and assist them in real time. Additionally, if the non-profit agency is setup to process and negotiate the loan modification entirely with the homeowners bank/servicer, the system will have the required workflow and management system built in.

2) Law Offices- Many Attorney firms, whether pro-bono or for-profit, are jumping in to the loss mitigation arena. Our system works perfect to handle front office needs in respects to client intake/screening and back office software support for processing and negotiating loss mitigation cases. Once a client or staff member enters a detailed scenario online, the system will produce a "client ready" legal package (E-signature ready) with all the client's info pre-populated on the Law offices legal documents. Of course the standard back office software system will streamline the workflow and create efficient case management.

4) Member Based Organizations- Any organization consisting of a large membership should be interested in purchasing our system. With our setup, an unlimited number of your members can instantly obtain a "Bank Ready" Loan Modification package. Additionally, you should consider offering the ""Bank Ready" Loan Modification package to the members friends and family. This will help create awareness of your organization and potentially grow your member base. Another option with this setup, is an integrated online payment processor, where you can accept donations online for your organization or any other charity.

3) For-Profit- Do-It-Yourself setup- Our web based technology makes it easy to setup your own business easily, using your own site or a new site. Homeowners will be able to fill out the web form and purchase their personalized "Bank Ready" Loan Modification package. Since this is your own business, you may charge any fee you like and earn 100% of the profit. The site will be set up to run by itself, however it will allow you to have access to the standard back office system to log in and manage your customer's files. To see a DEMO from a client's view- CLICK HERE

Homeowners who need loan modification services are financially strained and/or are reluctant to pay high up front fees in excess of $1,000-$3,000 to for-profit firms due to the negative media. Additionally, many State laws and regulations prohibit the collection of advanced fees when providing Foreclosure-Related Services. NOTE: The definition of Foreclosure-Related Services may vary State by State, you will find that a Do-It-Yourself business model will make sense legally. Please check and stay up to date on all State and Federal regulations concerning this matter.

4) Banks/Servicers/Credit Unions- Our service can be used to help streamline the loan modification process and reduce the workload for the loss mitigation department. After homeowners fill out a complete a web form, the system will instantly produce a "Bank Ready" loan modification package. The package helps the homeowner submit a complete, organized package making it easy for the loss mitigation department to review a full scenario and determine eligibility and/or options for the homeowner.