LOAN MODIFICATION PROCESS

Mortgage Resolution Specialists utilizes a reliable, well-developed approach in assisting you through the loan modification process.

MRS guides homeowners through challenging loan workouts by offering personalized support, with referrals to highly skilled attorneys experienced in lender negotiations and loan modification.

IDENTIFY THE “PRELIMS”

The initial step is to gather all items for submission, including pay stubs, W2 forms, tax returns, bank statements, loan application, etc. MRS will help you determine what materials are needed for submission to your lender. After receiving the required information, we will provide you with an initial assessment of your loan documentation.

DEPLOY LEGAL SERVICES

Your attorney will schedule a consultation to determine the possible outcomes of your loan modification. If you elect to move forward, your attorney will then contact your lender. Further action includes case preparation, negotiations, potential terms and reaching a final agreement.

CASE SUBMISSION & NEGOTIATIONS

After a mortgage loan modification package has been submitted to the lender's Loss Mitigation Department, the documents are reviewed and negotiations may begin. Due to the overwhelming requests for loan modifications, however, it may take months before a case is fully resolved.

MANAGE THE PROCESS

MRS will help you manage - we are there from your initial interview, giving you a single point of contact and adding piece of mind.

Mortgage Resolution Specialists does not perform loan modifications or practice law.
Mortgage Resolution Specialists is a company that provides preliminary case set up and review to help prepare homeowners for their meeting with an attorney in regards to addressing their mortgage related issues.