A typical program for our client that can not refinance consists of the following services:

This service is guaranteed or your money back minus a small processing fee

• The first thing is you the borrower fills out our application so we can get everything we need to move forward. Within roughly 3-4 business days, you will be contacted from one of the account modifiers.

• The account modifier obtains information from you that assists them in identifying who your present lender/creditors are and what is your present loan/credit program. You can expect a phone call and / or email once or twice a week for the next 4-6 weeks until they have everything they need to modify your debts and /or simply give you the status of their progress. You will also be receiving updates as to what the status is.

• We then contact your present lender/credit companies and/or loan servicing company to determine who is responsible for making loan modification decisions.  They are not calling customer service, they are dealing with the company's Asset Managers.

• We prepare a package for the loan modification personnel of your lender/credit company to convince them to re-negotiate your present loan terms.

• We then negotiate an agreement on new loan terms and if all parties agree they then get the documents for you to review. This is the most time consuming part of the whole process

• We evaluate the new terms with you on the new payment to help determine if this program is acceptable for you and the amount of potential savings to you. 

• Once we have presented the terms to you and you agree, the new paperwork is revised, you sign off and your savings begins immediately.

•  The total process time wise usually takes 2-4 months. The time is dependant on how quickly you get them what they need combined with how quickly the banks and creditors respond to their request. Once you sign off and they rap up the loose ends, the monthly service stops.

Fees

The investment for the loan modification service is one full mortgage payment with taxes and insurance or $1350.00, which is ever higher. We must charge this way to stay ion compliance. This service is guaranteed or your money back minus a small processing fee.

We may also make fees on any new loan we achieve for you, but that will be fully disclosed on a HUD statement which you first must approve if we are doing a home loan with the rest of the Jay Robins Team and Benchmark Mortgage.