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Web based Foreclosure & Loss Mitigation communications platform

Web based Foreclosure & Loss Mitigation communications platform. Detailed analysis of: Borrowers Ability to Pay Budget & Credit History Property Value AVM options Neutral 3 rd party borrower support Draws on existing counselor tools for data capture CMax Nstep HCO. Case Summary.

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Web based Foreclosure & Loss Mitigation communications platform

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  1. Web based Foreclosure & Loss Mitigation communications platform • Detailed analysis of: • Borrowers Ability to Pay • Budget & Credit History • Property Value • AVM options • Neutral 3rd party borrower support • Draws on existing counselor tools for data capture • CMax • Nstep • HCO FRB Cleveland

  2. Case Summary • Borrower & Status • Existing Financing • Proposed Sustainable Solutions • Mark to Market of Existing and Proposed financing • Third party validation • Credit; AVMs; Fraud; Income • Documentation • Communications FRB Cleveland

  3. Manual input allowed • Counselor workflow management process for efficiency FRB Cleveland

  4. Financial Analysis • Current Mortgage and other obligations • Net capacity to pay • Property Value and resale trends or foreclosure value • Sustainability of any solution FRB Cleveland

  5. Mark to Market • Evaluate solutions against traditional programs What if analysis possible FRB Cleveland

  6. Loan Servicer Work Cue FRB Cleveland

  7. Electronic to Paper • 8 page paper summary • Available at anytime in the process • All support documentation digital and also printable in hard copy FRB Cleveland

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