If we are going to keep up with the industry we need to make changes!

Things are changing in the loan modification industry and we need to change with them. The changes are actually a good thing. We are seeing more options for the homeowner and better options for the homeowner.

We now have the short refinance which I have been talking about for over a year now. It is time to start working this angle. When the homeowner would qualify for a loan if they had equity you need to put them into a short refinance.

If the homeowner has been late on their payments. If the homeowner has been turned down for a loan modification we need to look at the hedge fund program. The hedge fund company will purchase their loan from their current lender. After the purchase is completed the homeowner will get a new loan written at 90% of the current market value.

The next step is put your client into a credit repair program so they can get back in the market asap.

The next big money maker we have is the commercial loan modification industry. There is $462 billion worth of commercial notes being called in over the next 11 months. These loans can not be refinanced and need your help.
The average commission fro a commercial loan modification is $5,000.

Kev