The demand for loan modifications is exploding and the Government, Banks, and Media are promoting the Do-It-Yourself approach to modify mortgages.
Unfortunately, the banks/servicers and non-profit housing counselors are extremely overworked, making it difficult for homeowners to get answers and immediate help with their mortgage. Homeowners and their bank/servicer will prefer this model and appreciate the automatic production of a "Bank Ready" Loan Modification Package or Short Sale Package.
Through your own website or a new website from our gallery that we setup for you, homeowners can register online for an account, pay YOUR software activation fee, follow the step-by-step guide or watch the Video Tutorial, fill out all the fields: Current Mortgage Information, Itemized Income and Expenses, Hardship Explanation, 20 Questions and Answer Section, HAMP Proposal Module. Once complete, the system will generate a bank ready loan modification or short sale package in PDF format with an E-book outlining the next steps to take. Watch the video overview!.
After the client registers, their info will be emailed and stored in your pipeline under "New" The client will then see your check out page (click to see sample) By default, the check out page shows the standard, generic features of the software and has one plan. You can have up to 3 "Plans" for the client to choose from. In your admin-DIY Branch settings you can add additional features and their description and prices.
For example, you can have a DIY only option-$295, DIY with full review and support- $595 and DIY with Full Review and Support , and Forensic Audit-$995
The DIY system comes with a built in payment gateway to accept credit card and debit card transactions. This payment gateway is directly linked to your bank account. We currently support 2 methods for the payment gateway integration- 1. Authorize.net or 2. PayPal.
Authorize.net is strictly a gateway between your website and the merchant processing bank. You will need to apply for a merchant account with a bank. We have several sources for you here, and highly recommend that you use our sources as merchant account are VERY hard and almost impossible to get in the loan modification industry. By using authorize.net as your gateway, the client purchase transaction will happen seamlessly within your website. Additionally, by using your own gateway and having your own merchant account, you look more professional and usually have more leverage relating to any chargeback issues, unlike PayPal.
PayPal is both a gateway and merchant processing bank in one. It is very fast to setup and install. It has no setup cost, and charges only a little higher rate than most merchant banks to process credit card transactions. However, during the client purchase transaction, the client will be forwarded to PayPal's website to make the purchase, and the client MUST click "return to merchant" in order to automatically log into the system.
Every DIY system comes with a robust back office to allow complete visibility and reporting on client registrations, purchases, and current status. Client support is easily initiated from your back office, making it easy to edit, revise, and review the clients application information. Affiliates, Agents, and Branches can also easily access their own portal to assist their clients, review their pipeline, and more.
This type of product works great with internet marketing affiliates, referral partners, sales agents, etc... TheLoanPost system easily lets you create unlimited Affiliates and Agents to track which files came from what source. And each Affiliate and Agent can track their files with their own portal. Remember, Affiliates/Agents with login rights count as a User. You can control their settings from your main admin back office to enable login rights, access to auto-generated bank ready package, and more.
If you don't have a website, we can setup a new website for you. Choose from several templates and indicate what changes you would like relating to color schemes, images, navigation menu options and content. We will provide training to use the onsite editor, so you can make changes on the fly by yourself. Additional, website features are On-Site SEO, Google Analytics, Lead capture Forms, and Auto-Responder Email series for follow up.