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Essay

Loan Modification

Essay specific features

 

Issue:

American History

 

Written by:

Anna F

 

Date added:

August 7, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

2 / 397

 

Was viewed:

10237 times

 

Rating of current essay:

 
Essay content:

We contact the lender to have the modification case assigned and delegated to a loan rep 7. We send additional requested information to the loan rep. We only send what is asked for. 8. We review information with the loan rep. 9. We start the negotiation by requesting a specific amount of reduction and terms...
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We review clients financial state with lender. We discuss all options with lender and we demonstrate why it is in the best interests of the lender to re-negotiate this loan rather than foreclose. 11. We spend HOURS and HOURS emailing the lender, and playing phone tag and leaving voice mails. 12. If the loan rep is not responding, we take the case up to higher levels of management 13...
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