Loan Modification

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Title: Loan Modification

Essay Details:

Subject: American History

Author: Regina L

Date: June 27, 2015

Level: University

Grade: B

Length: 2 / 397

Essay text:

We contact the lender to have the modification case assigned and delegated to a loan rep 7. We send additional requested information to the loan rep. We only send what is asked for. 8. We review information with the loan rep. 9. We start the negotiation by requesting a specific amount of reduction and terms. 10. We review clients financial state with lender. We discuss all options with lender and we demonstrate why it is in the best interests of the lender to re-negotiate this loan rather than foreclose. 11. We spend HOURS and HOURS emailing the lender, and playing phone tag and leaving voice mails...

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