LoanSafeMods.com is offering a new tool designed to facilitate decision making for borrowers looking at foreclosure alternative options.
The LoanSafeMods Real Estate Services and Technology report helps users speed up the mortgage
Homeowners, lenders and servicers or other parties can use the REST report as a third-party analytics source to generate “a clear, concise and accurate picture of” the loan and the modification programs the homeowner may qualify for.
The report can be completed in 48 hours. Since these mortgage modification requests have documents attached, REST can help shorten lender-servicer processing time.
While the REST report does not guarantee the loan modification application will be approved, executives note, it “provides detailed information on how a modification would be beneficial to all parties involved, and if need be, it can even be used as proof in a court of law.”
REST can be used to analyze a previously rejected application and show the borrower “exactly why” it was rejected, or if there were any disputable decisions and errors.
The REST report can be combined with other analytical tools already available in the LoanSafeMods.com menu of online options that aim to facilitate the mortgage modification process for distressed homeowners.
