Our Process
The State of Washington Department of Financial Institutions (DFI) defines the modification process in 2 phases. Phase 1 is the gathering of paperwork, underwriting of financials and transmission of paperwork to the lender. Phase 2 is the negotiations and correspondence with the lender and client after the paperwork has been submitted.
We have streamlined our process into 4 basic steps. After your initial consultation, we move your case through the following steps:
Step 1
Mini Phase 1: Paperwork
We gather enough financial and hardship information from you to get an understanding of your situation. We call this "Pre-underwriting".
Step 2
Mini Phase 2: Research Call
We perform a research call to your lender to determine if you qualify for modification. We share the results of that call with you at which point you can make the informed decision of whether or not to pursue modification or if there are better options for your unique situation. If you decide to go ahead you'll move on to Step 3.
Step 3
Full Phase 1: Comprehensive Financial Package
If required, we compile a comprehensive finacial package to submit to your lender. This includes bank statements, tax returns, paystubs, expenses, etc.
Step 4
Full Phase 2: Negotiations
In the following days, weeks or months that your loan modification is in review, we're in communication with the lender. Our goal is to get you the best results possible by working with negotiators and underwriters on your behalf.
Results
We have a high success rate at avoiding foreclosures and at securing loan modifications. We let our results speak for themselves. Please Click Here to visit our Testimonials page for more information.
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Resources
Videos
The modification Solution - Make your lender cry:
Learn the top 5 your lender DOESN'T want you to know about loan modifications.
- Learn how lenders AVOID the greatest losses through loan modification
- Learn why DECREASING your current interest rate can INCREASE your lenders profitablility on your loan
- Lean how modifying your loan helps the lender's other existing loands
- Learn what the bail out package means for your lender and loan modifications
- Why living in the property INCREASES the value to the resident and how that can work for you