Latest Casi Mod Updates • Additional Lender financial worksheets added
• HUD1 closing statement added for short-sale (basic version)
• Send email to client regarding outstanding conditions
• Print out pending client documentation list
• House vs Savings Analysis added
• Home Owner Benefit Analysis added
• Lender Cost Analysis added
• Comparables search with 1 mouse click • Now includes FHA HAMP guidelines
• Rental income color coded and available choice for with or without vacancy factor applied added
• Focus points added to modification worksheet
• Multiple proposal selection added
• Mortgage terms now allow ‘odd’ terms as lender mandated
• Checkboxes added to loan modification submission checklist
• Budget analysis removed and exchanged for credit analyzer with waterfall technology
• Self-help packages added (and will be expanded) to allow you to instruct instead of negotiate thereby allowing you to charge fees as services are performed
• Gross and net income calculator reversed for those paychecks that do no show net income • Rental income can be now be shown as income or as a debt
• Prequalification and Denial reasons by the Lender can be entered for future reference
• Short-sale functionality has been added (additional enhancements slated for future release)
• Internal case file number can now be added (from the Modification Worksheet select ‘Status info’
• ‘Dirty’ section to reflect on items of concern
• Notes can now be flagged as urgent
• Selection of proposals added
• Self-help packages added Click Here To View
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** Generate More Income With Our BUSINESS IN A BOX Call And Ask Us How ** Stay In Compliant With Casi Mod Loan Modification Software WHETHER IT IS THE HOME AFFORDABLE MODIFICATION PROGRAM (HAMP | OBAMA PLAN) OR NON GOVERNMENT MODIFICATION PROGRAM (TARGET DEBT RATIO | DISPOSABLE INCOME) CASI MOD LOAN MODIFICATION SOFTWARE WILL DO THE JOB FOR YOU) Making Home Affordable Modification Program or HAMP guidelines Did you know that a non-delinquent home-owner can apply for a mortgage modification? They do have to qualify based on net income prior to consideration. Note, the Lender cannot solicit a non-delinquent home-owner. Casi Mod Loan Modification Software has been adjusted to be fully compliant with the HAM program. Mortgage insurance is deducted from the mortgage payment prior to modified payment analysis. FHA HAMP guidelines now available!
Financial Plans available to show your Borrower all options available; Modification, Short-sale, Liquidation and conversion to rental property. Click the Financial plans tab to see more. Additional functionality added to help you perform including short-sale tracking and lender response tracking. Short-sale functionality will be expanded over the coming months to allow you to effecively negotiate and locate potential buyers. NON GOVERNMENT MODIFICATION PROGRAM Target Debt Ratio Design your modification terms by setting your target debt ratio and simply selecting the terms. From the Modification Worksheet, select Mod and then select the program available closest to the debt ratio you are targeting. Upon selection, all applicable terms are automatically set on the Modification Worksheet. ESCROW ADVANCES Did you know that under the HAMP program, escrow advances are included in the modified mortgage payment calculation? It affects the 31% gross front-end debt ratio and could offer a lower interest rate. Escrow advance re-payment is spread over 60 months. The home-owner does have the option to pay for these advance out-of-pocket prior to the modification trial period beginning. LENDER FINANCIAL WORKSHEETS Many Lender have issued specific financial worksheets required to request a mortgage modification. These financial worksheets are available from the Mail center by selecting Print, Email Or Fax next to the heading “package”. In order to select these financial worksheets, you must have Word 2003 or Word 2007 available (Openoffice is compatible also in many cases). Most parts of the financial worksheets are pre-populated. However, there are some sections that will require homeowner participation to complete. NET PRESENT VALUE ANALYZER See what the Lenders are looking at to determine if a modification or a sale is in their best interest. Change variables to compensate for each individual Lender. You will receive either a ‘pass’ or ‘fail’. Have the facts before contacting the lender to negotiate modification terms on behalf of your homeowner. TO LEARN MORE Email – info@casimod.com Phone 714-420-6148 |