features-NPV 5

Integrated REST Report NPV Analytics for loan modifications and short sales

The Rest Report has become the industry standard for loss mitigation companies and professionals helping homeowners speed up the loan modification and short sale process. The REST Report uses the same analytics provided by Treasury’s HAMP program NPV 4.0 and NPV 5.0 as well as servicers internal programs. If you want to eliminate the guessing game and know up front if a homeowner qualifies for a loan modification or you want to know what is the lowest offer that will be accepted in a short sale, then you need to run a REST Report. See sample here.

How it works:

Once you have an account with TheLoanPost CRM system, you can create a file for a homeowner and submit the required values necessary to run the analytics through our software. Most users will need to be trained for the first few deals, and that comes with the purchase of our software. We provide all the tools and material needed to be successful in selling REST Reports, gathering required inputs from the bank via 3-way call, analyzing/interpreting the results and submitting/negotiating with the lender if applicable. Check out the Resource Kit included with our Software and REST activation: Table of Contents

The REST Report is a tool that will allow you to tell your client with certainty what they qualify for in the way of foreclosure alternatives. If they do NOT qualify per the REST Report results, it will show exactly WHY they do not qualify allowing to reevaluate the scenario prior to submitting anything to the bank. Remember, there are more modifications then just HAMP and the REST Report will give you those answers. You will know why your client does or does not qualify in terms that will hold up under any level of scrutiny- including Court. The REST Report includes an “NPV” test with a Pass /Fail result as well as eleven separate “AVMs” blended to reflect a true current property value. We have companies charging from $715.50 – $1495 for this report. The standard is $795 after a survey from 300+ companies currently offering the REST REPORT. Pricing varies depending on ancillary services offered.

Points to ponder

Banks & Servicers

- Maintain contractual agreements with investors to service their loan portfolio. These are commonly referred to as ‘Pooling & Servicing Agreements’ or PSA’s for short.

- Are contractually bound to maintain the investors’ fiduciary best interest and on occasion, with blatant disregard for the homeowners well being.

- Maintain contractual agreements with investors to service their loan portfolio. These are commonly referred to as ‘Pooling & Servicing Agreements’ or PSA’s for short.

- Generate profits by churning accounts, delaying or denying resolutions, constantly imposing conditions which are often repetitive, time consuming, or subject to error. By doing so the servicer is able to increase the charging of late fees, penalties, and transaction fees on your loan over an extended period of time. Ultimately, the investor and or home owner are the ones footing the bill.

- Benefit from loans in default status – instead of .25 basis points commission on interest earned, the servicer is paid 1.25 basis points commission on interest earned and collected if a loan is in default.

- Often fail to disclose alternative options which may benefit you or the investor – promoting a foreclosure driven environment.

- Most Bank and Servicer business models are based on a foreclosure and asset preservation to the degree that internal bias hinders the servicers’ ability to maintain objectivity when approached. This approach only adds to the bewilderment because the servicer is resistant to other financially viable alternatives which may appeal to the home owner and the investor alike.

Investors

- Maintain contractual agreements with servicers and banks to service their loan portfolio. These are commonly referred to as ‘Pooling & Servicing Agreements’ or PSA’s for short.

- Are contractually bound to maintain a securitized portfolio of loans for their shareholders, including but not limited to preservation of assets and maintaining profitability. Private investors on the other hand exercise discretionary control over decision making of loans based on their own criteria, but both types of investors all too often lack the necessary knowledge of alternative work out options such as those addressed in the R.E.S.T. Report.

- Often fail to disclose alternative options which may benefit the home owner other than foreclosure, and often proceed in said direction as a result of fear of losing equity on investment and or breaching the terms of the securitization agreement with their shareholders.

- Most Investor business models focus on are based on asset preservation through foreclosure to the degree that internal bias hinders the investors’ ability to maintain objectivity when approached with the possibility of considering alternative work out plans.

R.E.S.T. Report

- Based on the same platform as software utilized by banks and servicers use to perform their own Loss Mitigation & Risk Management Evaluation Protocol.

- Has up held judiciary court rulings, establishing the necessary standards for legal precedent. This means that the R.E.S.T Report supports the necessary legal impetus to provide home owners with legal recourse in order to challenge banks, loan servicers, and ultimately, investors.

- The R.E.S.T. Report becomes a fundamental addition to the information submitted when requesting a modification. It provides the necessary leverage to compel servicers and investors to consider 1 of 5 established work out models based on 7 nationally recognized standards of property valuations.

- Once the proverbial ‘cat’ is out of the bag, servicers and investors will ultimately run their own internal ‘Loss Mitigation & Risk Management Evaluation Protocol Report in order to verify the resolution options generated by the R.E.S.T. Report. Once verified, it is approved.