The demand for loan modification is increasing rapidly. Unfortunately, banks and loan modification servicers lack the time and manpower to address queries and provide immediate assistance to thousands of homeowners seeking loan modification. Lending institutions are promoting instead the use of Do-It-Yourself approaches to loan modification. These web-based document preparation systems can aid homeowners generate automated bank-ready Loan Modification Packages that will speed up the application process and increase their chances for an early loan modification approval.

Product Description:

Our Beat-the-Banks HELP™ Kit is a 24/7 Self-Service Loan Modification Portal . HELP™ stands for Homeowner Express Loan Preparation and comes with a universal web form that allows homeowners to encode data pertinent to the loan modification process. These are the usual questions your lender will ask about, so it is better to state these upfront in your application package:

• Borrower Information
• Property Information
• Current Mortgage Scenario
• Income & Expense Information
  (to determine eligibility and general disposable income which will become the basis for your new loan mod scenario)
• Proposed Loan Modification Terms
  (allows you to explore and determine corresponding interest rates based on your current capacity to pay and makes it easy for you to properly suggest a new mortgage term which your lender may approve).
• Proposal Module
  (enables the homeowner to properly suggest a new mortgage term or an adjusted scenario that the bank may approve. The proposal module contains your suggested options and furnishes the bank with details of your current and proposed mortgage scenarios. It also analyzes the cost of a foreclosure, the cost to sell your property, and estimated lender loss from a foreclosure.)
• Types and reasons for hardship the borrower is experiencing
• Effects of Hardship on the Mortgage
  (delinquencies, notice of foreclosure, threat of bankruptcy)

All information encoded will then automatically populate pre-set fields required in different documents. So all the information you encoded with appear where they are necessary in the hardship letter, request letter for loan modification, proposals and worksheets.

Bank-Ready Loan Modification Package

The end product of all information encoded into the web-based document preparation system is an auto-generated bank ready package which includes:

• Cover Sheet with checklist of all other documents required for submission
• Loan Modification Request Letter
• Loan Modification Proposal
• Income Analysis
• Asset Liquidation Analysis
• Market Value Analysis
• Cost of Foreclosure Analysis
• Foreclosure Estimated Loss
• Proposal Summary
• Monthly Expense Worksheet
• Hardship Letter

You are now ready to submit a professionally packaged loan modification application to your lender!

You will also get an eBook which will give you a comprehensive guide of the whole loan modification process.

STANDARD FEATURES:

• 24/7 Access to Self-Service Loan Modification Portal
• Bank Ready Loan Modification Package
• Built-In proposal module
• Hardship Letter Module
• Approval Notes and Reminders