Loan Modification Software and Short Sale Software Systems

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) June 28, 2010 -- As the mortgage industry continues to find a way to brush itself off, mortgage professionals, lenders, servicers, and basically all mortgage related vendors are struggling to deal with the onslaught of continued foreclosures and imminent defaults. To cope with this epic situation, companies and professionals alike have adapted in a Darwinian style of survival of the fittest to the loss mitigation industry.

Loan modification software and short sale software services offered by www.themodpost.com help new and existing companies and professionals nationwide. Among the loss mitigation industry, you will hear talks of the need for technology to automate, track, and effectively handle loss mitigation cases in volume. Since the mortgage crisis hit, there have been only a handful of loan modification software companies to jump in this arena. Reasons originally pointed towards legal barricades, legislative unknowns, technology constraints, budget constraints, and lack of knowledge as to the real need and length of time these services will be needed. Several large loss mitigation software vendors entered the game, but aimed at providing services to the lenders and servicers, ignoring the needs of the 3rd party advocates.

For the few loan modification software and short sale software companies out there that started early, like www.themodpost.com, they have and continue to reap huge rewards for their early innovation, investment, and development. However, according to Darwin’s survival of the fittest, only the real players will survive… it’s the loan mod software and short sale software vendors that have all the tools in one easy to use solution that make it to the top. A robust loan modification software system or short sale software system will have tools like NPV calculations, Automated HAMP proposals, and HAFA Offer generators that calculates net investor benefit, while simultaneously analyzing all the foreclosure related costs and borrower’s current financial picture. As the government provides guidelines through the HAMP program and HAFA program, software automation becomes easier. Loan modification and short sale software systems like www.themodpost.com have built in NPV calculators that incorporate the “Waterfall Guidelines” to achieve a 31% DTI. However, it doesn’t make it easy when new updates roll out faster than lighting, like the new “alternative waterfall” guidelines that promote principal forgiveness.

All these tools are essential, but when coupled with a scalable, multi-user, web-based platform, you now have a powerful loss mitigation software system capable of powering a large servicer’s loss mitigation efforts or assisting a law office manage their case load. www.TheModPost.com approach is to have a system capable of supporting large enterprises or just individual professional users. So whether you’re a small company or large enterprise, they have the software solution for you.

loan modification software     loss mitigation software     short sale software