loss mitigation and foreclosure solutions
DESCRIPTION
Presentation of the existing housing crisis and an SaaS (Software as a Solution) called M.A.P. (Mitigation Analysis Platform) to provide structure and efficiency for banking loss mitigation departments.TRANSCRIPT
“Where Houses remain Homes”
M.A.P. SoftwareM.A.P. Software(Mitigation Analyzing Platform)(Mitigation Analyzing Platform)
Enterprise Risk ManagementEnterprise Risk ManagementSoftware for the Housing CrisisSoftware for the Housing Crisis
Navigating the Housing Market through the Navigating the Housing Market through the Economic StormEconomic Storm
“Where Houses remain Homes”
ObjectivesObjectives► Touch on current economic environmentTouch on current economic environment► Discuss and Evaluate the Mortgage/Housing CrisisDiscuss and Evaluate the Mortgage/Housing Crisis► Review Currently proposed SolutionsReview Currently proposed Solutions► Present a Valuable Tool to successfully Navigate Present a Valuable Tool to successfully Navigate
through the financial stormthrough the financial storm► Share how Qualify to Modify, LLC’s M.A.P. Software Share how Qualify to Modify, LLC’s M.A.P. Software
will be an integral tool that enables servicers loss will be an integral tool that enables servicers loss mitigation departments to evaluate risk management mitigation departments to evaluate risk management operations in order to alleviate potential REOsoperations in order to alleviate potential REOs
“Where Houses remain Homes”
The Results/ ImpactThe Results/ Impact ► Unaffordable Mortgage PaymentsUnaffordable Mortgage Payments► Over supply of Housing InventoryOver supply of Housing Inventory► Declining Property Values – Median home price in March 2007 Declining Property Values – Median home price in March 2007
was $257,600 compared to 2009 at $186,125was $257,600 compared to 2009 at $186,125► Tightening Credit Qualifications -July of 2007, 27,962 Tightening Credit Qualifications -July of 2007, 27,962
Mortgage Products available for financingMortgage Products available for financing
July of 2009, 2,282 availableJuly of 2009, 2,282 available► Failed Banks and Businesses 69 bank victims in 2009 Failed Banks and Businesses 69 bank victims in 2009
alone.alone.► FDIC reserves depleted from 60 billion in 2008 to 13 billion FDIC reserves depleted from 60 billion in 2008 to 13 billion
today.today. Two-Tenths of $.01 covered!! Two-Tenths of $.01 covered!!
Loss of Jobs – Unemployment at 9.5 Loss of Jobs – Unemployment at 9.5 nationally and rising.nationally and rising.
► Eliminated Retirement AccountsEliminated Retirement Accounts► One in Ten Mortgages in Default (60 One in Ten Mortgages in Default (60
Days) New delinquency rates from Days) New delinquency rates from May show 638k mortgages went 30 May show 638k mortgages went 30 days delinquent for the first time.days delinquent for the first time.
► Currently, there is nearly a 0% Cure Currently, there is nearly a 0% Cure rate for 90 day delinquencies.rate for 90 day delinquencies.
► One in Five Homes are “Underwater” One in Five Homes are “Underwater” Economic data shows 48% of Economic data shows 48% of homeowners will owe more than the homeowners will owe more than the value of the home by 2011.value of the home by 2011.
► Unprecedented amounts of Unprecedented amounts of Foreclosures!!Foreclosures!!
“Where Houses remain Homes”
Reality Reality ► Industry has seen Government interferenceIndustry has seen Government interference► Foreclosure Moratorium, Manipulation of 30 year fixed mortgage rates to all-Foreclosure Moratorium, Manipulation of 30 year fixed mortgage rates to all-
time lows, Cutting the Fed Funds Rate to zero, Using Fannie, Freddie, HUD time lows, Cutting the Fed Funds Rate to zero, Using Fannie, Freddie, HUD and the FHA to prop up the mortgage market, TARP, Stimulus checks, and the FHA to prop up the mortgage market, TARP, Stimulus checks, Stimulus spending, Deficit spending, Temporary bans on stock short-sales, and Stimulus spending, Deficit spending, Temporary bans on stock short-sales, and Bailouts - Bear Stearns, AIG, Citi-Group, Bank of America, Ford, GM, and Bailouts - Bear Stearns, AIG, Citi-Group, Bank of America, Ford, GM, and ChryslerChrysler
► To date it has all been unsuccessfulTo date it has all been unsuccessful► Unemployment continues to rise (9.5% - Nationally)Unemployment continues to rise (9.5% - Nationally)► Mortgage Defaults are increasing (Foreclosure Filing every 9 Mortgage Defaults are increasing (Foreclosure Filing every 9
seconds!!)seconds!!)► Credit Guidelines continue to tightenCredit Guidelines continue to tighten
► Home Values and Neighborhoods continue to DeclineHome Values and Neighborhoods continue to Decline► Lender and Servicer Call Centers are Understaffed and OverwhelmedLender and Servicer Call Centers are Understaffed and Overwhelmed► Currently, no system is in place to determine a homeowner’s “True” position of Currently, no system is in place to determine a homeowner’s “True” position of
affordabilityaffordability► No automated system to control the growing defaultsNo automated system to control the growing defaults► Estimates show 70% of current Modifications re-defaultEstimates show 70% of current Modifications re-default
“Where Houses remain Homes”
Why are current modifications Why are current modifications unsuccessful?unsuccessful?
► Lenders are giving enough time for borrower’s to catch their breath, Lenders are giving enough time for borrower’s to catch their breath, however they are still on life support!!however they are still on life support!!
► Measurement used to compute an Average Sustainable Affordable Measurement used to compute an Average Sustainable Affordable Payment – DTI!Payment – DTI! Reduction to 31% to 38% Debt-to-Income is not enoughReduction to 31% to 38% Debt-to-Income is not enough
► Debt-to-Income is no longer a legitimate measurement of affordability Debt-to-Income is no longer a legitimate measurement of affordability within our current societywithin our current society
► Mortgage loans that are not under the FDIC and H.A.M.P plan:Mortgage loans that are not under the FDIC and H.A.M.P plan: Jumbo loansJumbo loans 22ndnd homes * Investment properties * Land loans homes * Investment properties * Land loans Alternative A mortgage products * Payment option ArmsAlternative A mortgage products * Payment option Arms Junior liens or HELOC’s Junior liens or HELOC’s Call centers and Housing counselors do not have the staff or Call centers and Housing counselors do not have the staff or
efficiency to get through all of the requests.efficiency to get through all of the requests.
“Where Houses remain Homes”
Why current mods are unsuccessful Why current mods are unsuccessful cont.cont.► Median US Incomes have had little increase since 2002Median US Incomes have had little increase since 2002
Spending exploded causing an illusionSpending exploded causing an illusion Americans were not making more money, just borrowing moreAmericans were not making more money, just borrowing more
► Borrowed Money from EquityBorrowed Money from Equity► Borrowed money from Credit cardsBorrowed money from Credit cards
The average card holder spent $12,500 in 2005 alone with a The average card holder spent $12,500 in 2005 alone with a total of $2,052 Billion chargedtotal of $2,052 Billion charged
► According to the Federal Reserve:According to the Federal Reserve: Current US holdings are $2.6 Trillion in unsecured Credit Card DebtCurrent US holdings are $2.6 Trillion in unsecured Credit Card Debt The average US household currently holds $8,700 in unsecured debtThe average US household currently holds $8,700 in unsecured debt
► The average rate is 14.99% and going up!!The average rate is 14.99% and going up!! Legislation now requires a 3% payment ratio to outstanding credit Legislation now requires a 3% payment ratio to outstanding credit
balancebalance Average payment is $261 per monthAverage payment is $261 per month
“Where Houses remain Homes”
ACTIVITIES?ACTIVITIES?
ADDITIONALADDITIONAL
TAXES?TAXES?
HOUSEHOLDHOUSEHOLD
SUPPLIES?SUPPLIES?
PETS?PETS?
SOCIALSOCIAL
EVENTS?EVENTS?
MILESTONEMILESTONE
GATHERINGS?GATHERINGS?
HYGIENE?HYGIENE?
NON-NON-
MANDATORYMANDATORY
UTILITIES?UTILITIES?
NECESSITIES?NECESSITIES?
MANDATORYMANDATORY
UTILITIES?UTILITIES?
2121stst CENTURY CENTURY
EXPENSESEXPENSES
Non-considered DTI Expenses
- Vaccines- Vaccines
- Food- Food- Play Toys- Play Toys- Grooming Supplies- Grooming Supplies
- Vet Check-ups- Vet Check-ups- Registration Fees- Registration Fees
- Bowling- Bowling - Game Night- Game Night - Cards- Cards
- Natural Gas- Natural Gas
- Pest Control- Pest Control
- Trash- Trash
- Electricty- Electricty- Food/ Groceries- Food/ Groceries- Haircut- Haircut
- Personal Property- Personal Property
- Paper Towels- Paper Towels
- Cleaning Supplies- Cleaning Supplies- Batteries- Batteries
- Land Line Phone- Land Line Phone- Cellular Phone- Cellular Phone
- Internet- Internet- Cable/ Satellite- Cable/ Satellite
- Home Warranty- Home Warranty- Home Alarm System- Home Alarm System
- Razor Blades- Razor Blades- Shaving Cream- Shaving Cream
- Youth Organizations- Youth Organizations- Lessons- Lessons
- Weddings- Weddings- Funerals- Funerals- Showers- Showers
- Water- Water
- Deodorant- Deodorant- Hair Supplies- Hair Supplies- Bar Soap/ Face Soap- Bar Soap/ Face Soap- Shampoo/ Conditioner- Shampoo/ Conditioner
- Toilet Paper- Toilet Paper
- Trash Bags- Trash Bags
- School Sports- School Sports- Intramurals- Intramurals- Vehicle- Vehicle
- City Specific Taxes- City Specific Taxes
“Where Houses remain Homes”
VACATIONS/VACATIONS/
VISITATIONS?VISITATIONS?
COMMONCOMMON
HABITS/ HABITS/
VICES?VICES?
GIFTS ORGIFTS OR
CARDS?CARDS?
(Spouse, Kids,(Spouse, Kids,
Mother)Mother)
CHILDREN?CHILDREN?
EMERGENCIES?EMERGENCIES?
SAVINGS?SAVINGS?
CLOTHING?CLOTHING?
STRESSSTRESS
RELIEF?RELIEF?
OTHEROTHER
CREDITORS?CREDITORS?
INSURANCE?INSURANCE?
2121stst CENTURY CENTURY
EXPENSESEXPENSES
MORE!! Non-considered DTI Expenses
- Toys- Toys
- Diapers- Diapers- Formula- Formula
- Extracurricular Activities- Extracurricular Activities
- Clothes/ Shoes- Clothes/ Shoes
- Daycare- Daycare- Evening Baby-Sitter- Evening Baby-Sitter
(Sports, Clubs, Camps, etc.)(Sports, Clubs, Camps, etc.)
- Home - Home MaintenanceMaintenance
- Medical- Medical - Auto- Auto
- Disability- Disability
- Health- Health
- Long-Term Care- Long-Term Care
- Life- Life
(Prescriptions, Vitamins, (Prescriptions, Vitamins, Co-Pays, Wellness Co-Pays, Wellness Checks, Checks, Emergencies, etc.)Emergencies, etc.)
- Student Loans- Student Loans- Credit Cards- Credit Cards
- Alcohol- Alcohol- Tobacco/ Cigarettes- Tobacco/ Cigarettes- Gambling- Gambling
- Anniversaries- Anniversaries- Birthdays- Birthdays- Holidays- Holidays- Special Events- Special Events
- Movies/ Dinners- Movies/ Dinners- Sporting Events/ - Sporting Events/
ConcertsConcerts- Gym Memberships- Gym Memberships- Yoga/ Pilates- Yoga/ Pilates- Tanning- Tanning- Massages- Massages- Chiropractor- Chiropractor- Personal Trainer- Personal Trainer
- New Shoes- New Shoes- Dry Cleaning- Dry Cleaning- Alterations- Alterations
- Family Retreats- Family Retreats- Family Visitations- Family Visitations
- Retirement- Retirement- Children’s College Savings- Children’s College Savings- Elderly Care- Elderly Care
- Auto- Auto
- New Clothes- New Clothes
“Where Houses remain Homes”
The Bottom-lineThe Bottom-line► Measuring affordability through Debt-to-income is Measuring affordability through Debt-to-income is
an outdated formula to show home affordability!an outdated formula to show home affordability! DTI does not measure:DTI does not measure:
► 2121stst century cost of living expenses century cost of living expenses► Uncertain Financial concernsUncertain Financial concerns► Unknown financial variables that are never taken into Unknown financial variables that are never taken into
considerationconsideration►One of the variables for the high percentage of One of the variables for the high percentage of
re-defaults with current loan modifications.re-defaults with current loan modifications.►Key variable that has to be considered for front end Key variable that has to be considered for front end
future originating. future originating.
“Where Houses remain Homes”
United States Mortgage United States Mortgage StatisticsStatistics► Mortgage Balances held against one – Mortgage Balances held against one –
four unit properties End of 3four unit properties End of 3rdrd Qtr 2008 - Qtr 2008 - $11,075,445,000,000!!!$11,075,445,000,000!!!
► US households are estimated at 111 US households are estimated at 111 MillionMillion
► At the end of 2005, an estimated 68.9% or At the end of 2005, an estimated 68.9% or nearly 76.5 Million of households were nearly 76.5 Million of households were homeownershomeowners
► Making the average homeowner hold a Making the average homeowner hold a mortgage balance of $152,000mortgage balance of $152,000
► According to the Freddie Mac Weekly According to the Freddie Mac Weekly Survey, the average 30 YR Fixed rate Survey, the average 30 YR Fixed rate between 2001 and 2007 was 6.257% between 2001 and 2007 was 6.257%
Loan to Value’s by past decades
1935 – 60% 1970 – 90%
1955 – 66% 1989 – 100%
1964 – 80%
“Where Houses remain Homes”
What’s on the What’s on the HorizonHorizon?? ► Rising UnemploymentRising Unemployment► Out of Control Consumer DebtOut of Control Consumer Debt► Inability to PayInability to Pay
Housing boom created high paying jobs and phantom (TAX FREE!!) Housing boom created high paying jobs and phantom (TAX FREE!!) income for the average familyincome for the average family
Vanishing Equity/ Retracted Credit Lines Vanishing Equity/ Retracted Credit Lines ► Declining Property ValuesDeclining Property Values► Commercial Office Defaults * Commercial Lending DefaultCommercial Office Defaults * Commercial Lending Default► Increasing Adjustable Rate LoansIncreasing Adjustable Rate Loans► Resetting and Recasting Mortgages (Option ARMS/ Negative Resetting and Recasting Mortgages (Option ARMS/ Negative
Amortization Loans )Amortization Loans )► Moral decisions are now Household Business decisions.Moral decisions are now Household Business decisions.
“Where Houses remain Homes”
► Adjustment Peak, End Adjustment Peak, End of 2010!!of 2010!!
“Where Houses remain Homes”
The QTM SolutionThe QTM SolutionSoftware as a Service (SaaS)Software as a Service (SaaS)
► The M.A.P. (Mitigation Analyzing Platform) SoftwareThe M.A.P. (Mitigation Analyzing Platform) Software► Risk Management Solutions to protect your bottom-linesRisk Management Solutions to protect your bottom-lines► Transforming Chaos to StructureTransforming Chaos to Structure► Powerful analytical decision enginePowerful analytical decision engine► Algorithmic formulas to derive the most profitable NPV Algorithmic formulas to derive the most profitable NPV
(Net Present Value) solution(Net Present Value) solution► Turn-key and streamlined data input process for all vested Turn-key and streamlined data input process for all vested
partiesparties► No Required additions to IT Infrastructure No Required additions to IT Infrastructure ► Central data point of entry enabling a prompt detailed Central data point of entry enabling a prompt detailed
analysis for immediate loss prevention decisions analysis for immediate loss prevention decisions pertaining to non-performing assetspertaining to non-performing assets
► Effective solutions, Efficient results, Easy to useEffective solutions, Efficient results, Easy to use
“Where Houses remain Homes”
► Automated Government program updatesAutomated Government program updates► Constant Compliance and qualification criteria Constant Compliance and qualification criteria
updatesupdates
► Specific and detailed inputSpecific and detailed input► M.A.P. provides the best M.A.P. provides the best
solution possiblesolution possible► Ensures long-term stability Ensures long-term stability
for affordabilityfor affordability
► Analyzes best return on asset Analyzes best return on asset result for institutionresult for institution
► Provides long term outcome Provides long term outcome comparing NPV of alternativescomparing NPV of alternatives
► Assists Banks, Assists Banks, Lenders, and Lenders, and Servicers.Servicers.
► Simplifies the Simplifies the Decision ProcessDecision Process
► Benefits HUD Benefits HUD Counselors, loss Counselors, loss mitigation companiesmitigation companies
► Clarifies the Clarifies the homeowners situationhomeowners situation
“Where Houses remain Homes”
► Software updates with Government Software updates with Government program updatesprogram updates
► Compliance and qualification criteriaCompliance and qualification criteria► Preserve the countries wealth along Preserve the countries wealth along
with United States Neighborhood with United States Neighborhood valuesvalues
Government ProgramsGovernment Programs
Issues M.A.P. Software Value
Massive Debt, with bank write offs at all time
highs.
Affordable, effective, streamlined software.
Depreciating home values
Preserve neighborhood values
Economic Instability Creates Stability in Financial Institutions
“Where Houses remain Homes”
► Analyzes a best return on Analyzes a best return on asset resultasset result
► Provides long term view of Provides long term view of alternativesalternatives
► Effectively and efficiently Effectively and efficiently determines a non-bias determines a non-bias automated decision.automated decision.
► Streamlines and Quickens Streamlines and Quickens the processthe process
► Ability to dramatically Ability to dramatically increase volumeincrease volume
Financial InstitutionsFinancial Institutions
Issues M.A.P. Software Value
Overwhelming Volume Ability to efficiently work individual cases
Massive Write-downs Increase Performable Assets
“Where Houses remain Homes”
► Specific and detailed Specific and detailed inputinput
► M.A.P.s the best M.A.P.s the best outcome possibleoutcome possible
► Ensures long-term Ensures long-term financial stability with financial stability with mortgage payment mortgage payment affordabilityaffordability
ConsumersConsumers
Issues M.A.P. Software Value
Unaffordable Payments Sustainable and Affordable Payments
Foreclosure Remain a Homeowner
“Where Houses remain Homes”
What is the M.A.P.?What is the M.A.P.? ► M.A.P. (Mitigation Analyzing M.A.P. (Mitigation Analyzing
Platform)Platform)► A streamlined & automated, Software A streamlined & automated, Software
SolutionSolution► M.A.P. is an A.L.M.E.S. (Automated M.A.P. is an A.L.M.E.S. (Automated
Loss Mitigation Evaluation System)Loss Mitigation Evaluation System) Evaluates the Lender NPV Benefits of Evaluates the Lender NPV Benefits of
Modifying vs. Foreclosure, Short-Sale or Modifying vs. Foreclosure, Short-Sale or Deed in LieuDeed in Lieu
M.A.P. software analyzes the lender/ M.A.P. software analyzes the lender/ servicers Bottom-line Profitability servicers Bottom-line Profitability MarginsMargins
Expedites the decision making process on Expedites the decision making process on non-performing assetsnon-performing assets
“Where Houses remain Homes”
How Does it Work?How Does it Work? ► Data is input through a Turn-key Online ApplicationData is input through a Turn-key Online Application► Application is submitted to an Automated Decision EngineApplication is submitted to an Automated Decision Engine► Submission Uploads to server and is run through the Submission Uploads to server and is run through the
ALMES Qualifying EngineALMES Qualifying Engine
► Returns Decision of Eligible or Returns Decision of Eligible or Ineligible based on the weighted Ineligible based on the weighted options of investors profit or options of investors profit or loss comparing an Affordable loss comparing an Affordable Modification vs. Foreclosure, Modification vs. Foreclosure, Short-Sale, or Deed in Lieu Short-Sale, or Deed in Lieu
“Where Houses remain Homes”
Follow the T.I.E.R Follow the T.I.E.R ► M.A.P. looks beyond M.A.P. looks beyond
Auto Payments and Auto Payments and Credit Cards in order to Credit Cards in order to establish “TRUE” establish “TRUE” consumer affordabilityconsumer affordability
► Once we modify, we Once we modify, we do not want to see re-do not want to see re-defaults!defaults!
► Countless 21Countless 21stst Century expenses Century expenses and discretionary items need to be and discretionary items need to be accounted foraccounted for
► If they are not re-defaults will If they are not re-defaults will occuroccur
Total Income to Expense RatioTotal Income to Expense Ratio
“Where Houses remain Homes”
Is the Borrower a Candidate?Is the Borrower a Candidate? ► Is the borrower insolvent Is the borrower insolvent
enough to “Qualify to enough to “Qualify to Modify”?Modify”?
► Some families need a Some families need a monthly budget adjustment monthly budget adjustment not a mortgage payment not a mortgage payment adjustment.adjustment.
► The following are NOT factors that create a “Qualification for Modification!!”The following are NOT factors that create a “Qualification for Modification!!”► Customer feels they are paying to much interestCustomer feels they are paying to much interest► Being upside down on a property that has deteriorated in valueBeing upside down on a property that has deteriorated in value► An inability to refinance the existing affordable termsAn inability to refinance the existing affordable terms
“Where Houses remain Homes”
Do they “Qualify to Do they “Qualify to Modify”!??Modify”!??
► The Obama Administration The Obama Administration and FDIC say “YES”!!and FDIC say “YES”!!
► But remember!!!But remember!!! An Estimated 70% of current An Estimated 70% of current
“Modifications” end in re-“Modifications” end in re-default!!default!!
► ““T.I.E.R.” says “NO”!!T.I.E.R.” says “NO”!!► It’s not just about housing DTIIt’s not just about housing DTI► The Haircut is not meant to be one-sidedThe Haircut is not meant to be one-sided► Affordability means Sacrifices on Affordability means Sacrifices on
everyone’s part.everyone’s part.
“Where Houses remain Homes”
What “Qualifies” for a “Real” What “Qualifies” for a “Real” Modification?Modification?
► What debts can be What debts can be eliminated?eliminated?
► What debts can be scaled What debts can be scaled back and reduced?back and reduced?
“Where Houses remain Homes”
How is a Profitable Decision How is a Profitable Decision Made? Made?
► Reach an affordable payment level that gives the lender a Positive Net Present Reach an affordable payment level that gives the lender a Positive Net Present Value compared to the losses taken through either a Short Sale or Foreclosure!!Value compared to the losses taken through either a Short Sale or Foreclosure!!
“Where Houses remain Homes”
► An un-biased Personalized An un-biased Personalized Financial Analysis ReportFinancial Analysis Report 60 - 90 Page in-depth NPV 60 - 90 Page in-depth NPV
Lender report with breakdown Lender report with breakdown and analysis of numbers!!and analysis of numbers!!
► Determines an immediate decision Determines an immediate decision as to the most profitable outcome as to the most profitable outcome for the lender:for the lender: Modify, Short Sell, or Modify, Short Sell, or
Foreclose!!Foreclose!!► Simplifies the process in Simplifies the process in
determining asset options:determining asset options: ModificationModification Short SellShort Sell ForecloseForeclose
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Home Owner BenefitsHome Owner Benefits
► Property is Retained by OwnerProperty is Retained by Owner► Neighborhood Values are PreservedNeighborhood Values are Preserved► Lowering of Monthly PaymentsLowering of Monthly Payments► Possibly Decreasing Interest ratePossibly Decreasing Interest rate► Possible Principle Balance ForbearancePossible Principle Balance Forbearance► Past Due Balances Absorbed to Past Due Balances Absorbed to
become currentbecome current► Credit Preservation/No Foreclosure Credit Preservation/No Foreclosure
RamificationsRamifications
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Government BenefitsGovernment Benefits► Neighborhood Values are PreservedNeighborhood Values are Preserved► Prevents ForeclosurePrevents Foreclosure► Hard Earned Tax Revenue spent Hard Earned Tax Revenue spent
responsibly by Washingtonresponsibly by Washington► County and City Revenue Streams County and City Revenue Streams
remain currentremain current► Improves Liquidity/ Bank Stress TestImproves Liquidity/ Bank Stress Test► Mitigates Future Losses in Tax Mitigates Future Losses in Tax
RevenueRevenue► Implementing Structure and Implementing Structure and
Efficiency for all involvedEfficiency for all involved
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Lender or Servicer BenefitsLender or Servicer Benefits► Neighborhood Values are PreservedNeighborhood Values are Preserved► Prevents ForeclosurePrevents Foreclosure► A Non Performing Asset is Once A Non Performing Asset is Once
Again Performing!!!Again Performing!!!► Servicer Maintains Portfolio VolumeServicer Maintains Portfolio Volume► Improves Liquidity/ Bank Stress TestImproves Liquidity/ Bank Stress Test► Mitigates Future LossesMitigates Future Losses► Everybody WinsEverybody Wins
“Where Houses remain Homes”
Who can best utilize this Who can best utilize this software?software?
► ServicersServicers► LendersLenders► Loss Mitigation DepartmentsLoss Mitigation Departments► HUD CounselorsHUD Counselors► Non-Profit OrganizationsNon-Profit Organizations► Attorney’sAttorney’s► Modification CompaniesModification Companies
► Real Estate Agents – Short salesReal Estate Agents – Short sales► National BanksNational Banks► Mortgage Brokers – Turned down Mortgage Brokers – Turned down
refinance requests. Retention refinance requests. Retention centerscenters
► CPA’s – Financial PlannersCPA’s – Financial Planners► Community Banks - CommercialCommunity Banks - Commercial► Developers - CommercialDevelopers - Commercial
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►Integrate the M.A.P. software and T.I.E.R. formula to produce immediate homeowner Net Present Value Test for optimal success►Early Risk detection to increase internal asset Cure Rates►Easily implemented systems to structure and streamline current processes►Efficiency and training►Alternative data analysis to increase risk management and loss prevention
Strategic PartnershipsStrategic PartnershipsAdd-on Product to 3Add-on Product to 3rdrd Party Vendors Party Vendors
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For More InformationFor More InformationContact us:Contact us:
Adam ParkerAdam Parker
VP of Product DevelopmentVP of Product Development
888-656-5213 ext. 82888-656-5213 ext. 82