Loan Mod Tool Instructions

Welcome to the inside world of the loan modification industry! Loan modifications aren’t as easy your lender would like you to believe when they offer you “free” help.

In fact, this loan mod tool is used by hundreds of law firms, loan modification companies, and non profit organizations, so having access to it gives you an advantage over other homeowners.

Loan Mod Tool (Auto Doc Prep System) Instructions:

  1. In order to access the system you must first create an account by completing an online application (click to open), which can take at least 15 to 30 minutes.  You’ll need your monthly income and expenses and mortgage info, so having a mortgage statement handy is helpful.
  2. Tan fields are mandatory, however complete all relevant fields. Press “Save & Next” after you complete each section. Your application is complete when instead of “Save & Next” it says “Submit.”
  3. To edit and download your package at anytime in the future, login here (click to open). You should bookmark this website for future easy access. Your login is your email address, your password is your first name (case sensitive), which you may change at any time.
  4. Once logged in, click on your name (highlighted in blue) to “open your file.”
  5. You can update your info by clicking on any tab. Always “Save” or “Save & Next” to go to the next section.
  6. When you are ready to print your package click on the “Docs” tab or contact us and we will email it to you.

Need additional support? As a courtesy, we can guide you through the system online if you contact us.

Loan Modification Tips & Tricks

Your bank may seem friendly, but in reality they are a debt collector and don’t have your best interest in mind. So, be cautious because they can use what you tell them against you!

Keep in mind that your supporting documentation needs to be consistent with the information on your application, otherwise you may not get approved. You also have to follow up as needed, which will be your responsibility.

Ultimately, your lender will approve and set the terms of your loan workout option based on information that you provide. Getting a Loan Disposition Analysis can help you find out what programs you may or may not qualify for and why.

Banks are known for erroneous denials and not offering you the best modification option, which often results in you defaulting again. This is a problem because if you default within 12 months, you won’t qualify for another loan modification and be forced to exit the property.

Bottom line, in order to be successful you must create a true win win scenario; where you keep your home with an affordable mortgage payment and your bank still profits. This is no easy task, but it can be done if you use all the available tools to gain leverage against your bank.

Remember, it is YOU versus THEM and your life’s biggest investment is on the line. Let us know if you need additional assistance qualifying for a loan modification and we can point you in the right direction.