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New Workbook Available for Purchase - Understanding the Loan Modification Process From A-Z * A Complete Guide * "Everything You Need to Know to Process A Complete Loan Modification and Get Approved!!!"

Ticket Information

Ticket Type Price Fee Quantity
Understanding The Loan Modification Process from A-Z e-book $50.00 $2.24
Companion CD - $50.00 (downloadable) $50.00 $2.24

Event Details

“Everything You Need to Know to Process a Complete Loan Modification and Get Approved!!!”

UNDERSTANDING THE LOAN MODIFICATION PROCESS FROM A-Z

A COMPLETE GUIDE

ONLY $50.00!!!

 

 

This E-book provides an overview of the loan modification process from A-Z.  The process for both Traditional Loan Modifications as well as the Making Home Affordable Modification (MHAMP) is discussed.  Topics include:

 

§  What is a loan Modification and why the lenders are willing to do them,

§  What forms are needed to prepare a loan modification

§  How much to ask the lender to give up

§  How to structure the budget, profit & loss statements, hardship letters, etc.

§  How to submit a file to the lender and much more.

§  MHAMP qualifications and underwriting process to determine borrower eligibility. 

§  Guidelines for the Home Affordability 2nd Mortgage/2nd Lien Program. 

 

Upon completion of this workbook, the user will understand how to execute the process of modifying loans under both the Traditional Loan Modification Guidelines and the MHAMP guidelines, including how the standard waterfall process is applied and how lenders utilize the Net Present Value to determine eligibility. 

This workbook also contains many advance loan modification concepts, such as how bankruptcy affects loan modifications, forensic audits, and modifying special populations, such as Spanish speaking (or other foreign language) borrowers and Military personnel.

 

 

COMPANION CD - $50.00 EACH

This CD is designed to accompany the “Understanding The Loan Modification Process From A-Z” workbook.  The CD provides a host of tools and resources to assist with the loan modification process.  Items on the CD include but are not limited to:

§  Lender Contact information and application forms, MHAMP PowerPoint, Guidelines to a successful modification, FHA Modification Guidelines, Request for Modification (RMA) Application Form, Imminent Default Checklist, MHAMP Info in Spanish, Agent/Client Agreement, File Escalation Process, IRS Form 4506T, hardship affidavit, sample trial period document, Second-Lien Program Overview, bankruptcy overview, a forensic audit sample report, Budgeting Spreadsheets, Real Estate Owned/Schedule of REO Spreadsheet and two Profit & Loss Spreadsheets (3month, 6month and 12month), and much, much more!!. In addition, this downloadable CD also includes a NPV Calculator with instructions on how to perform a NPV Analysis. Samples of each are also provided!!

 

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TO LEARN MORE ABOUT CONSUMER MODFICATION SERVICES VISIT:

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