HAMP. Hardest Hit Fund. Short Sale. MRBs and Other Federal Homeownership Programs Reference Guide. Homeownership Preservation Foundation. Home - Outsourcing - Mortgage Servicing - Outsourcing - Servicing - Loan Modifications. Loan Modification Fulfillment Lenders and servicers performing loan modifications have a need for a comprehensive fulfillment solution.
The loan modification process involves preparation, review, and collection of several documents spanning over a period of several months. Loan Workouts for Irregular Payments. You can schedule a stream of negotiated payments, different from the original contract easily with SCHEDULER.
You can have interest accrue at the original note rate while collecting at a different pay rate. Fixed principal reduction or not for any period: weekly, bi-weekly, semi-monthly, monthly, quarterly whatever repayment is dictated by customer cashflow. With SCHEDULER, you can customize an installment and principal repayment schedule to fit almost any situation, making an opportunity out of adversity. Software Features Accommodates Payments that Differ from the Original ContractDesign Payment and Principal Recapture SchedulesEach Payment Can Vary from the NextPeriodic Buy Downs with Interest Only LoansLevel Principal Reduction.
Loan Modification.