Pipeline of Loan Modifications
Posted in Management on November 29th, 2011 by admin – Be the first to comment
With the new amount of Loan Modifications coming into Mortgage Companies today it seems like an impossible task to handle and stay on top of all them. The very definition of a loan modification is Paperwork. It is essentially a legal process to renegotiate or modify an existing contract. Time management couldn’t be more important when handling this process. If you want to do it right and in significant volume you had better have a good workflow management system to keep your deals moving, yet keep them tightly managed.
Staying on top with loan modification software will give you the advantage you need to keep up with the workflow–helping you to help more troubled borrowers in less time.
Managing Customer Inquiries
In this market, loan modification requests are coming in all day and non stop. If you don’t have a system to manage these inbound leads and efficiently distribute them to loan counselors, your operation is dead on arrival.
