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Residential Loan Modification Documents
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- We provide document solutions that are compliant in all 50 states. With the rapidly-changing environment we face, you need the assurance that your loan modification documents are up-to-date and comply with all federal and state requirements. RoboDocs gives you that peace of mind.
- Our easy-to-use web interface requires virtually no training. In the current environment, our clients need to be focused on modifying loans, not learning how to navigate through complex user interfaces and arcane software solutions. You need to go NOW, and we are right there with you.
- Data import from loan origination and servicing platforms eliminates redundant data entry.
- Batch processing for high volume demands - bypasses user interface and delivers signature-ready documents automatically.
- Our standardized loan modification packages can be completely customized to client requirements. We partner with you, familiarize ourselves with your processes, and conform to your needs.
- We provide IMMEDIATE access to your completed loan modification document packages for standard transactions and NEXT BUSINESS DAY delivery for special circumstance/customized loan modification packages. No more waiting for days on end!
- RoboDocs customizes the documents and web interface for each client’s specific programs. We understand each client has unique requirements and we strive to meet those requirements, instead of expecting our clients to bend to our solution.
- We charge NO SETUP CHARGES for most implementation andNO LICENSING FEES – we are a pay-as-you-go provider of services. We believe you should only pay for what you use.
- We offer seamless integration with other loss mitigation components - including e-signing, document delivery, inbound and outbound calling, property valuation, title and recording services, REO management and disposition.
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Standard Loan Modification Document Package Contents |
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- Cover letter to borrower
- Checklist/Instructions to borrower (or signing service, if utilized)
- Loan modification agreement
- First payment letter and coupon
- Borrower’s acknowledgement
- Errors and omissions compliance agreement
- Additional documents as required by lender or servicer
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Home Affordable Modification Program Documents |
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- On March 4, 2009, the federal government announced details of the Home Affordable Modification program as part of the Making Home Affordable program. The Home Affordable Modification program is a loan modification program designed to reduce at-risk borrowers' monthly mortgage payments.
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The streamlined process allows a borrower to sign a workout plan at outset of the workout process providing for a trial period. The borrower is required to make three monthly payments at the estimated modified payment amount as a precondition to the modification.
- For borrowers who qualify based on the income information submitted, RoboDocs will prepare a Home Affordable Modification Program Loan Workout Plan in conformity with agency requirements.
- Upon successful completion of the three month trial period, RoboDocs will prepare the actual loan modification agreement and related documents.
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