San Diego, CA (PRWEB) March 28, 2013
LoanSafeMods.com is a licensee of the REST Report, a trusted third celebration analytics tool that can support investors and homeowners to establish what the greatest course of action would be when a house is in danger of foreclosing. This Report takes data from all accessible government and proprietary loan exercise applications, such as the HAMP modifications, and runs it against the data on the loan supplied by the residence or home owner.

Usually, when a homeowner seeks a modification to their mortgage, the method can be very a hassle. Large institutions frequently shed documents that have been sent to them by the applicants or are unable to sort through the paperwork in a timely manner. This outcomes in delayed approval of the modifications or in some situations denial of the request when the modification in fact should have been approved.

This is where the REST Report can aid. The REST serves to organize all the info in a way that tends to make it clear if it would be much more advantageous to the investor to grant the modification than to foreclose the house. In case there was an unfair denial of a modification, the REST also serves as strong proof of the legitimacy of the request that can be used as proof in a court of law.

The REST is so accurate that it can truly drastically speed up application processing occasions, because most economic institutions accept the outcomes of a REST Report with no query. A new video on LoanSafeMods.com shows how the results from the REST Report evaluate to the actual mortgage modification terms authorized by investors.

This REST video review shows a number of REST benefits compared to the actual terms authorized by big economic institutes such as Fannie Mae and Bank of America. In virtually all instances, the estimated reduction in monthly payments is only a few cents away from the actual quantity authorized by the bank or lending institute.

The 1st instance shows a loan where the prior monthly Principle, Interest, Taxes, Insurance coverage and Association dues were $ 3,032.88. The proposed payment calculated by the REST technique was about $ 1,885.67 after the modification.

The new payment quantity approved by the bank right after the modification was place into place was $ 1,855.88 that is only a difference of 21 cents. This just shows how precise results from the REST truly are.

The video goes on to show a number of examples, like some jumbo modifications, every of which had the final approved terms extremely closely matched with what the REST results had predicted. In each case the REST was in a position to accurately show what the homeowner or house owner certified in terms of foreclosure alternatives, as effectively as assist in the application method by organizing the details in a way that created it easy for the bank or lending institution to make a choice on the application.

For more video critiques and to discover out a lot more about what the REST can do to advantage home owners who are struggling with their mortgage payments or faced with foreclosure, please visit, LoanSafeMods.com.