Loan Modifications
Loan Modifications can be used to amend the terms of a loan. Some of the more
common modifications are to extend the maturity date, change the loan amount, change
the product, convert from construction to permanent, or increase the Texas
Residential Construction Contract.
Our order form contains a minimum number of screens and is very user friendly. It
also contains help screens and suggests minimum documentation. Our staff has over 20
years of experience and has processed many different types of modifications of various
loan programs
We make sure the correct forms are used. For example, FNMA Modification Forms, MERS
or Non-MERS, Reinstatement, Renewal and Extension, Home Equity and HELOC modification
forms just to name a few. We also have a FLEX Modification Agreement that is the
result of very smart computer programming. It is adaptable to most bank loans, such
as floating rate, two step, etc. Our FLEX modification agreement also accommodates
banks that are modifying loans from other banks such as bank mergers and successors.
The Challenge |
Our Solution |
- Modifying an existing loan can be challenging because each situation is
different requiring impossibly large numbers of document sets.
|
- We have designed a flexible loan modification agreement. We simply tell
it about the existing loan and how we want to modify it. The system
automatically builds the required language and correctly selects supplemental
documents for the closing package.
|
- The rules and regulations are unclear and it is difficult to stay in
compliance when modifying a loan.
|
- Our experienced staff will analyze the situation and provide documents and
disclosures as needed.
|
We can accommodate a wide variety of modifications covering loans such as: secondary
market FNMA/FHLMC with or without MERS, in-house bank loans such as borrower interim,
builder interim, rate term loans, lot loans, HELOC, Home Equity Closed End, 1X Close,
and 2X Close. Our experienced staff can walk you through the process and help make it
easy
Document Samples
Modification of Interim Sample Package
Modification of Permanent Sample Package
How to get started:
Order today or contact us for more information.
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