Casi Mod
Loan Modification Software
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Easily access your clients financial worksheet
Software designed to work with the actual flow of managing a modification request requires functionality such as our 'call in financials' panel which organizes a summary of expenses, bills and income.
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HAMP Making Home Affordable
Know when your client qualifies for the HAMP program base on information inputted into Casi Mod. The Home Affordable Mortgage Program is one of the most important tools available to home-owners. Understanding the guidelines is important and Casi Mod simplifies the process by applying the rules that you can easily reference to determine eligibility.
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Loan Modification Worksheet.
One screen, perform multiple tasks without having to move to different screens. Easily switch from a modification to a short-sale and remain on the same screen. Use the 'dirty' section to isolate items that are of concern or items that you should improve prior to submission to the lender or servicer.
Loan Modification Software
Casi Mod is Mortgage Loan Modification Software, Designed To Help You Perform.
Behind The Product
Known for its intense attention to
Mortgage Modification Program details, the California-based Company, Casi Mod takes premium Mortgage Modification Software in a refreshing new direction. With its extraordinary TARGET DEBT RATIO,
FHA and HAMP ANALYZER, Casi Mod will do most the due diligence process for you. An all around solution for all mortgage modification needs, Casi Mod offers a robust and high-end functionality for Management, Sales, and Processing.
Casi Mod is a Mortgage Loan Modification software designed to help you perform.
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Immediately offer advice using the HAMP prequal engine
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Immediately send fully completed hardship package
You have performed several services in a matter of minutes!
Perform services within minutes! More importantly, apply due diligence by knowing you can represent the home-owner in successfully obtaining a mortgage modification.
Casi Mod Brief Overview
Searching for the right mortgage loan modification business software can be a difficult process. Therefore, knowing the benefits will allow you to make the right decision. There are numerous software available on the market but be aware that some of them do are not designed for loan modification although they claim to be. Be sure to base your decision on cost benefit and functionality rather than just the lowest price. In the end, up front will save you and earn you more in the long run.
Casi Mod loan modification software is designed to ensure due diligence. The process begins with determining whether a home-owner has modification options available and then following through with providing immediate access to financial worksheet documentation that you can provide to the home-owner to begin the process of modifying their mortgage.
Loan Modification Software Step Process:
1: Interview the home-owner
2: Isolate mortgage modification options (including whether the
home-owner qualifies under the
Home Affordable Mortgage Program)
3: Immediately issue documents to the home-owner to begin the
modification process.
Casi Mod is designed to follow the actual modification process for the
first mortgage loan modification, second mortgage modification, heloc
loan modification, etc.;
including providing a summary so you can easily call in financials to
the lender and/or servicer. Our client base allows us to consistently
know what lenders and servicers are offering regarding modifications
which is crucial in today’s mortgage modification market. If you are
looking for pretty graphs that predict the loan
modification approval
probability, then Casi Mod is not the right software for you. Software
cannot predict whether a modification will be approved, only the Lender
and/or Servicer can. What you can expect from Casi Mod is a clear
understanding of preparing a package that will pass Lender and/or
Servicer review and provide the home-owner with relief.
Document Auto Population
Necessary home Loan Modification
Banks /
Lender Documents are prepared and completed for your home-owner to sign. Numerous
lender financial worksheets are included as well as authorizations.
Customizable to include your
loan modification fee agreements to be
automatically populated ready for signatures.
Offer easy to understand financial plans
Mortgage loan modifications may or may not be in the best interest of a
home-owner. Casi Mod Modification Software offers comprehensive financial
plans that can assist the home-owner to understand all available options and
then make an informed decision. Financial plans are 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.
Loan Modification Lead management
Efficiently keep track of your pipeline. View pending pipeline and drill down from there for more details. You can assign and re-assign case files with a simple mouse clicks. Whether your are sales, processing, attorney or a manager, Casi Mod provides you with the details you want to see and know about.
Home
Owner Document Assistance Version 6.3
Assist your homeowner in doing their loan modification and make use of our latest do it yourself doc prep package. Our latest feature includes a do it yourself package kit that you can provide your clients. Along with our loan modification software comes a free 58 page a do it yourself package that assist your clients in processing their own loan modification. Since many homeowners are not willing to pay high fees for loan modification they may be interested at the DO IT YOURSELF LOAN MODIFICATION PACKAGE. Expand your services with Casi Mod self home owner self help kit.
FHA and HAMP Loan Modification Analyzer
Easily select a possible loan modification program with one mouse click instead of having to complete several fields by using the waterfall technology available in Casi Mod. Simply select a target debt ratio and choose from the programs available.
Using Casi Mod to create loan modification terms
One of the many key factors of Casi Mod is the Home Affordable Modification Plan (HAMP) analyzer also known as the Barack Obama Plan. 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.
Secondly, for none government loans simply click on the analyzer to design your modification terms by setting your target debt ratio and 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.
Making Home Affordable Loan Modification Program Casi Mod Pre Approval
If you are confused regarding whether the home-owner qualifies for a
Home Affordable Modification Program, consider getting CASI Mod Loan
Modification Software. Casi Mod will quickly analyze whether the
home-owner can qualify under the Home Affordable Modification program
with
Fannie Mae or Freddie Mac.
If the home-owner qualifies, Casi Mod will provide you with the
modification terms as prescribed under the Home Affordable Modification
program.
Focus on providing your home-owner with valuable answers. Answers that
are instant. If they cannot qualify under the Home Affordable
Modification program, see other programs that may be available for the
home-owner.
Taking on the responsibility of modifying a home-owner’s mortgage is
stressful enough. Don’t leave modifying to chance; leave it up to Casi
Mod.
Target Debt Ratio
Simply choose a target front end debt to income ratio and select
your loan modification program with a click of a mouse.
Net Present Value Analyzer Print from the Net Present Value Analyzer
Loan Modification Worksheet
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.
Schedule follow up with Lenders
Now you can schedule and track follow up with Lenders from the status
panel
Loan Modification Processing Dashboard
Easily organize your files. View lender follow up, know all file status
and much more.
Manager Dashboard
Expanded for more functionality. Monitor agent task and follow on lender
calls.
Contact Us To Schedule A Live Web Demonstration
News & Comments
Bookmark
• Now includes FHA HAMP guidelines
• Important documents separated for easier selection
• Rental income color coded and available choice for with or without vacancy
factor applied added
• Focus points added to modification worksheet
• Missing basic items 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)
• Quality control notes have been limited to only those notes relative to
the processing of the case file
• 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
• Lender financial worksheets compiled into packages
• Selection of proposals added
• Self-help packages added
We hope that all our clients will benefit from these enhancements and steer
themselves towards success.
We also are dedicated to assisting you in successfully modifying home-owner
mortgages. Visit our websites often for valuable information regarding
industry changes and lender modification rules.
You can also access these links in Casi Mod from the Dashboards
Loan Modification
The private sector mortgage loan modification arena is now a hot spot with regulators. Basically, the focus is on eliminating the private sector arena all together. This does raise an important question—why? The basic premise of this move is to curtail home-owners from being ripped off. However, the regulators are placing more than just controls in place—it is more like a shotgun.
No prudent or diligent studies were done to present a solution that would ensure that the home-owner is protected while working with a private sector modification firm. The home-owner is simply told that all private sector firms will steal your money—and that the home-owner’s Lender will absolutely ensure that the very best modified terms are presented.
The Lender may very well take care of the home-owner. The fact that is bother some is why the home-owner has access to all sorts of avenues to report a private sector modification firm that does not perform, but there are absolutely no instructions of what to do when a Lender does not perform? Even the playing field would be nice.
Continue to pursue assisting home-owners with a modification. Do it the right way, follow the rules, and keep at it. You will find home-owners that will become frustrated and seek professional assistance to get the job done.
FHA mortgages are now eligible under the Home Affordable
Mortgage
Program. Most of the qualifiers are the similar except for the fact that the
back-end debt ration cannot exceed 55% of the gross monthly income.
Principal forbearance is available, however it is limited to a maximum of
30% and maximum loan terms is 30 years.
Casi Mod includes FHA Loan Modification HAMP qualifiers and mortgage
modification terms.
California SB 94 Loan Modification
California Senate Bill 94 may
pass on October 11, 2009. It essentially forbids the collection of advance
fees for services not rendered.
By using Casi Mod, you can still offer services to your Clients. Casi Mod
has been developed to offer consulting services including the delivery of a
58 page help package that you can prepare and offer to your client for a
fee. Additional services can be offered by underwriting the modification
request for your client and also offering easy to understand financial plans
and credit card payoff plans (including waterfall technology) for a fee.
Continue to assist the home-owner by providing valuable advise that they
need to be prepared to discuss options with their Lender.
Instruct, don’t negotiate
Contact Us For More Details
Mortgage modifications and 401K pay
stub
deductions
Some lenders are now ‘adding back’ 401K deductions to net income
calculations to determine the hardship of the home-owner.
Indymac Bank
/ OneWest Bank Loan Modification
Indymac Bank aka OneWest Bank will not consider mortgage modifications on investment properties at this time.
You can pursue a forbearance plan.
If the sale date is within 30 days, they will allow forbearance plan but only with a 50% contribution of the defaulted amount from the home-owner.
Wells Fargo Loan ModificationWells Fargo Bank is considering mortgage modifications for investment properties.
However, tread cautiously as they are issuing mortgage modification trial plans under HAMP guidelines.
HAMP guidelines do not allow investment properties.
50% Of Loan Modification Rescued Mortgages Have Re-Defaulted
The latest data from the Office of the Comptroller of the Currency (OCC) shows that over 50% of homeowners who had their loans previously modified in order to avoid foreclosure have re-defaulted. This seems like an awfully high failure rate.
As one might expect, mortgages which were given higher cuts to their monthly payments (during the modification process) have been less likely to re-default. More help prevents re-default.
Hopefully the Making Home Affordable plan has encouraged more aggressive modifications. Past mortgage modifications were clearly just a delaying game, rather than a solution, since in the end more than 1 out of 2 "rescued" mortgages re-defaulted. It should have been done better the first time
US Bank Loan ModificationUS bank is only concerned about the front-end ratio. They do not consider credit debt nor expenses when deciding whether to modify a mortgage for a home-owner.
Quick contact
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Tel: 714-420-6148
Fax: 866-929-5897
Email:
info@casimod.com
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