What Loan Modification Brokers do?
We understand you don’t know the different underwriting guidelines of the 790 lenders, nor the secret handshake and mystical language of bankers. We are looking for independent brokers to help us help the millions of homeowners that are in trouble. As a broker your job will be to find the clients through your own efforts or one of our lead vendor’s, fill out the application and submit it online.It’s that easy. How many people do you think you can help a day, a week or a month. The income possibilities are almost limitless. Getting started is quick and easy simply submit your application and we will contact you.
Take a look at the benefits that we offer like low start up costs for you. We also provide the resources necessary to help get you started. You can be off and running in your new business in about a week.
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The Facts
Foreclosures rates are skyrocketing across our country. Millions of homeowners across the nation are in trouble of losing their homes. Some are having a really big problem as they have adjustable rate mortages that will have a rate increase beyond their ability to pay. That alone was a two trillion dollar market in 2007 and is becoming an increasingly larger market in 2008. As we approach 2009 we will see a real estate market as we’ve never seen before in the history of our nation.The Market Need
In the old market place anyone could make money; with its ever-lowering interests many mortgages were refinanced again and again. Add in the fact that lenders only required a borrower’s breath to steam up a mirror. In fact, they would take your word for that. The market has changed though. There are fewer loans and refinances being done every day and many who profited in the old market are struggling to make ends meet in this new market and economy.How We Help Homeowners
Today’s declining middle class family income and property values, higher interest rates and ever tighter underwriting has created the current declining market. You will see a lot of mortgage brokers say to troubled homeowners: "Sorry, we can't fund your loan today. Good bye."This is where you come in as a loan modification specialist. If the borrower can prove that they have solved the problem that caused the pending foreclosure, our professional loan modification staff can negotiate with their current lender to stop the foreclosure and do a workout with the lender to keep the homeowner in their home.