Casi Mod
Arizona Loan Modification Laws
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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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Creating Your Loan Modification Terms
Quick review of how Casi Mod loan modification can quickly determine home-owner eligibility based on waterfall technology. Perform multiple tasks without having to move to different screens. Easily switch from loan 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 lender / bank submission.
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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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Send Loan Modification Package To Your Client Quickly
Send loan modification package directly to client from the mail center. Once the application is completed it will auto populate all information into the forms required to process the loan modification. Send by email, efax, or print all documents directly to your prospect.
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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.
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Offers comprehensive financial plans
Mortgage loan modifications may or may not be in the best interest of a home-owner. Casi Mod Loan Modification Software offers comprehensive financial plans that can assist the home-owner to understand all available options and then make an informed decision.
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Arizona Loan Modification Laws
ARIZONA Loan
Modification
Recent revisions to Arizona statutory law re-defined “loan originator.” This
term will now include any person who “on behalf of a borrower, negotiates
with a lender or note holder to obtain a temporary or permanent modification
in an existing residential mortgage loan agreement.” HB 2143, Section 3
amending A.R.S. § 6-991. Beginning on July 1, 2010 Loan Originators must be
licensed. Under Arizona law, a Loan Originator shall not originate a
mortgage loan unless employed by a mortgage broker, mortgage banker, or
consumer lender. HB 2143, Section 5, amending A.R.S. § 6-991.02(13). The
effect of these provisions is that all companies whose owners or employees
offer mortgage loan modification services to customers should immediately
take steps to become licensed as Mortgage Brokers or Mortgage Bankers under
Arizona law.
HB 2143, Section 4 amending A.R.S. § 6-991.01 also provides an exemption
from Loan Originator
licensing for “A licensed attorney who negotiates the terms of a residential
mortgage loan on behalf of a client as an ancillary matter to the attorney’s
representation of the client unless the attorney is compensated by a lender,
a mortgage broker or any other loan originator or by an agent of the lender,
mortgage broker or other loan originator.”
The Department interprets this “ancillary matter” exemption language to mean
that a lawyer who
negotiates a new loan or a modification of an existing loan as a transaction
that is supplemental or subordinate to other representation or counseling of
a client is exempt from licensure as a loan originator unless he is paid as
described in the statute. On the other hand, a lawyer who is engaged solely
in negotiating loan originations, including loan modifications, is not
exempt from licensure as a loan originator.
Learn about self help assistance (doc preparation package) and loan modification coaching. Also generate more income with our Business in a BOX package.
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Tel: 714-699-3455
Fax: 866-929-5897
Email:
info@casimod.com
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