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AMERICANMOD1
29 Posts |
 Posted - 06/06/2008 : 4:13:02 PM
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*******ATTENTION ALL MORTGAGE ORIGINATORS********
I have provided this new thread to shed some light on this hot new topic in the mortgage world: LOAN MODIFICATIONS!!
I am the CFO of the Nation's largest and most successful Loss Mitigation company. The name of the company is The American Modification Agency and has its corporate headquarters in New York.
THE AMERICAN MODIFICATION AGENCY IS THE ONLY LICENSED, BONDED, AND INSURED MODIFICATION COMPANY IN THE ENTIRE NATION. WE ARE ENDORSED BY ALL THREE CREDIT BUREAUS AND OFFER A 100% SATISFACTION GUARANTEE.
Unlike many of these other companies looking to sign on branches and looking to open up shop from within an operating mortgage bank (WHICH IS ILLEGAL!!!), my company provides a service for all mortgage originators to essentially learn how to pre-qualify a potential loan modification scenario, and assist the distressed homeowner in making the most educated decision to best suit their needs; WHICH IN MANY CASES MEANS NOT TO DO A LOAN MODIFICATION!!!
Our legal staff is comprised of 55 attorneys, located in every state, with NY having the additional 4. AMA has physical branches is 8 states, and currently employs 309 professionals across the country.
So, for educated mortgage brokers/originators looking to turn an extra profit LEGALLY BY AN ACCREDITED INSTITUTION, and are looking to further their education in the finance world, I urge you professionals to check our our website at www.YourAma.com, and to email and questions comments or concerns to the web administrator cgordon@YourAMA.com or give me a Call at 631-741-8709...Ask for Calvin.... vist our website at www.yourAMA.com
In Pursuit of Greatness,
The American Modification Agency
"Knowledge is Power"
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ibiza247
5 Posts |
Posted - 06/06/2008 : 6:24:31 PM
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| send info |
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AMERICANMOD1
29 Posts |
Posted - 06/07/2008 : 12:55:31 PM
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| Please visit our web site at www.yourama.com...then give me a call at 631-741-8709 |
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jordanb
355 Posts |
Posted - 06/07/2008 : 7:27:48 PM
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-Hello Calvin
Since this site is an open forum where we all cam provide information, how is your affiliate program structured?...We just refer the client and your professional staff takes the file from there?...What is the commission structure per deal?...How long does a Loan Mod typically take to execute?...Can you ONLY operate in the States where you have physical branches?...etc...
Please advise, thanks!
-Jordan |
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AMERICANMOD1
29 Posts |
Posted - 06/09/2008 : 07:45:27 AM
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Jordan, give me a call at 631-741-8709.....!
Hello Calvin
Since this site is an open forum where we all cam provide information, how is your affiliate program structured?...We just refer the client and your professional staff takes the file from there?...What is the commission structure per deal?...How long does a Loan Mod typically take to execute?...Can you ONLY operate in the States where you have physical branches?...etc...
Please advise, thanks!
-Jordan
[/quote] |
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AMERICANMOD1
29 Posts |
Posted - 06/09/2008 : 09:16:17 AM
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Ibiza Pizza,
Visit our web-ste at www.yourama.com, then give me a call at 631-741-8709..talk with you real soon...
Calvin Gordon
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AMERICANMOD1
29 Posts |
Posted - 06/09/2008 : 2:16:42 PM
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quote:
Originally posted by AMERICANMOD1
Ibiza Pizza,
Visit our web-ste at www.yourama.com, then give me a call at 631-741-8709..talk with you real soon...
Calvin Gordon
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bb7400
62 Posts |
Posted - 06/17/2008 : 4:09:32 PM
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Are you handling short Refi's yet?
I didn't see it mentioned on your site.
Thanks
BB
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AMERICANMOD1
29 Posts |
Posted - 06/17/2008 : 5:25:14 PM
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We are not doing Short Refi's....We only do Modifications...!
Are you handling short Refi's yet?
I didn't see it mentioned on your site.
Thanks
BB
[/quote] |
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AshBrad
4 Posts |
Posted - 06/19/2008 : 6:13:33 PM
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BB
Could you tell me how your mod company and the attorneys fit together.
I am trying to figure out what "attorney backed" or "attorney affiliated" means. i think is is a little fishy but I dont know.
Any help?
Ashley |
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AMERICANMOD1
29 Posts |
Posted - 06/20/2008 : 07:31:08 AM
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Ashley, give me a call at 631-741-8709 and I will be more than happy to explain..
Could you tell me how your mod company and the attorneys fit together.
I am trying to figure out what "attorney backed" or "attorney affiliated" means. i think is is a little fishy but I dont know.
Any help?
Ashley
[/quote] |
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chasjh46
210 Posts |
Posted - 06/27/2008 : 8:06:05 PM
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| Please provide the name of your attorney in California and his/her number. I would invite all other BO members to do the same request in your state before doing business with anyone who claimes to be a loan mod specialist. Remember, you are giving advise to those who trust you, and who could very easily get ripped off by a so called loan mod scammer just so you can get a commission. Which by they way is against the law in most states when the home is in foreclosure. |
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aarmstrong
49 Posts |
Posted - 06/28/2008 : 01:27:08 AM
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| I have questions....Can I ask them on the forum for everyone to review?....or am I going to have to "call you"....thanks |
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AMERICANMOD1
29 Posts |
Posted - 06/28/2008 : 06:20:10 AM
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[quote]Originally posted by aarmstrong
I have questions....Can I ask them on the forum for everyone to review?....or am I going to have to "call you"....thanks
Give me a call......631-741-8709.... |
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jenia97
2 Posts |
Posted - 06/30/2008 : 1:12:49 PM
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We are Loan Modifications company. We have great relationships with most banks. We have closed deals as fast as 2 weeks.
DO NOT THROUGH DEAD DEALS AWAY. SEND THEM TO US AND GET PAID.
check out our website WWW.SAVEHOMEUSA.COM and take a look at the recent modifications link. Any questions, please call Eugene @ 310-402-7008 or email Jenia97@aol.com |
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AMERICANMOD1
29 Posts |
Posted - 06/30/2008 : 5:02:39 PM
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| Eugene, give me a call at 631-741-8709 thanks..... |
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ejgoldy
84 Posts |
Posted - 07/05/2008 : 10:04:13 AM
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| All you mod companies would make great politicians. All hype without the guts to post the details. |
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AMERICANMOD1
29 Posts |
Posted - 07/05/2008 : 12:46:05 PM
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quote:
Originally posted by ejgoldy
All you mod companies would make great politicians. All hype without the guts to post the details.
I will be more than happy to anwser any of your questions...give me a call at 631-741-8709. |
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chasjh46
210 Posts |
Posted - 07/05/2008 : 2:15:38 PM
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Or the costs. I haven't found one mod company web site yet that discloses thier costs and fees.quote:
Originally posted by ejgoldy
All you mod companies would make great politicians. All hype without the guts to post the details.
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AMERICANMOD1
29 Posts |
Posted - 07/05/2008 : 2:27:23 PM
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Chasjh46, since you do Mods, Why are'nt your fees posted?
This is your website correct?
http://www.thedocexaminer.com/ |
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jimguerr
266 Posts |
Posted - 07/06/2008 : 11:32:11 AM
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| What is the cost to the client? |
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chasjh46
210 Posts |
Posted - 07/06/2008 : 11:51:34 AM
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I don't do mods, only document examinations and if you follow the menu buttons on left side of landing page, you'll see a button that says "Costs & Contact" but better yet, heres a link directlty to that page which also has some disclosures. http://afnma.com/examiner/contactandfees.htm. But to each his own, this is just my business model that works very well for my clients and they get representation by an idependant law firm which is also disclosed on my landing page for anyone who wants to contact them first.
quote:
Originally posted by AMERICANMOD1
Chasjh46, since you do Mods, Why are'nt your fees posted?
This is your website correct?
http://www.thedocexaminer.com/
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chasjh46
210 Posts |
Posted - 07/06/2008 : 12:02:30 PM
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Opps!! sorry Calvin, I didn't know I couldn't link that page seperately because there is a form on it thats fpt:// format so you have to go through the web site, but it is there.
www.thedocexaminer.com. Note; some people using Firefox have had problems using links. Please use IE. if you experience problems. Remember, left menu buutons "Costs & Contact" Thanks for your post. quote:
Originally posted by AMERICANMOD1
Chasjh46, since you do Mods, Why are'nt your fees posted?
This is your website correct?
http://www.thedocexaminer.com/
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sbuckman
510 Posts |
Posted - 07/10/2008 : 09:05:49 AM
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| What is the referral fee? |
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sbuckman
510 Posts |
Posted - 07/10/2008 : 10:04:27 AM
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| What is the referral fee? |
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chasjh46
210 Posts |
Posted - 07/10/2008 : 10:07:31 AM
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quote:
Originally posted by sbuckman
What is the referral fee?
If your asking me, I don't pay a referral fee. |
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KellyVanguardNM
506 Posts |
Posted - 07/11/2008 : 06:32:25 AM
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| I just heard about this from a friend yesterday... I am interested in talking with you! |
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AMERICANMOD1
29 Posts |
Posted - 07/11/2008 : 09:18:02 AM
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quote:
Originally posted by KellyVanguardNM
I just heard about this from a friend yesterday... I am interested in talking with you!
Give me a call at 631-741-8709 |
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jenia97
2 Posts |
Posted - 07/15/2008 : 2:25:49 PM
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In connection to my previous post. I wanted to bring your attention to the fact that we have just closed another successfull deal with Countrywide ( which is one of the hardest lenders to get deals from).
The offer that our client got is 3.5% interest only for the next 60 months. To see for yourself, please visit our website and go the Recent modifications link.www.savehomeusa.com
Any questions, please call Eugene @ 310-402-7008 or email ybekker@savehomeusa.com |
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Hustler12
1205 Posts |
Posted - 07/17/2008 : 8:42:11 PM
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quote:
Originally posted by ejgoldy
All you mod companies would make great politicians. All hype without the guts to post the details.
Anyone, I mean ANYONE that wants to see my company's mod results email me and I will send you the results. If I do, I would appreciate to not be referred in the "all you mod companies" hype...
I am eagerly awaiting emails... |
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Hustler12
1205 Posts |
Posted - 07/17/2008 : 8:43:54 PM
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quote:
Originally posted by chasjh46
Or the costs. I haven't found one mod company web site yet that discloses thier costs and fees.quote:
Originally posted by ejgoldy
All you mod companies would make great politicians. All hype without the guts to post the details.
Hey Chuck;
Have you mentioned to anyone that once you sign up for the software program you use that it only cost you $10 to run a loan audit???
Just wondering... |
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Hustler12
1205 Posts |
Posted - 07/17/2008 : 8:44:47 PM
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quote:
Originally posted by chasjh46
Please provide the name of your attorney in California and his/her number. I would invite all other BO members to do the same request in your state before doing business with anyone who claimes to be a loan mod specialist. Remember, you are giving advise to those who trust you, and who could very easily get ripped off by a so called loan mod scammer just so you can get a commission. Which by they way is against the law in most states when the home is in foreclosure.
Please check out my website www.bcloanmod.com to see my attorneys info.
Thank you. |
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chasjh46
210 Posts |
Posted - 07/18/2008 : 08:48:20 AM
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If you are referring to me, I don't use any software what-so-ever in my document audits. I do hands on audits and infact, discover more discrepancies on docs that passed the lenders compliance software than you can shake a stick at. quote:
Originally posted by Hustler12
quote:
Originally posted by chasjh46
Or the costs. I haven't found one mod company web site yet that discloses thier costs and fees.quote:
Originally posted by ejgoldy
All you mod companies would make great politicians. All hype without the guts to post the details.
Hey Chuck;
Have you mentioned to anyone that once you sign up for the software program you use that it only cost you $10 to run a loan audit???
Just wondering...
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mortgagemessiah
8003 Posts |
Posted - 07/22/2008 : 7:59:04 PM
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Beau,
If you are relying on Compliance Ease or Compliance.com for your compliance, you are setting yourself up for a major consumer protection lawsuit. Those programs have 30% margin of error. |
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Hustler12
1205 Posts |
Posted - 07/22/2008 : 8:15:28 PM
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quote:
Originally posted by mortgagemessiah
Beau,
If you are relying on Compliance Ease or Compliance.com for your compliance, you are setting yourself up for a major consumer protection lawsuit. Those programs have 30% margin of error.
And where did you pull this 30% margin of error number out? Is this something that you can show proof or is this an arbitrary number? Because it seems that if you were doing Business Lines of Credit and now you are doing Loan Audits then you have not had enough experience with these software programs to do a valid test. So, I am assuming someone else did a real test with real results to show that these software programs have a 30% error probability. Which, if is true, I am very suprised these businesses are still in business.
So, please provide the report, test or info you received that shows that these software programs have a 30% margin of error. Otherwise, I think $10 an audit is a good deal. |
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crankyusi
607 Posts |
Posted - 07/22/2008 : 9:38:32 PM
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quote:
Originally posted by Hustler12
please provide the report, test or info you received that shows that these software programs have a 30% margin of error. Otherwise, I think $10 an audit is a good deal.
If you contact the software companies, ask them for the docs they need to run their compliance tests, then you'll see the inherent deficiencies. One thought too is, if the lenders were using the compliance software programs, why are they getting hit with TILA lawsuits? |
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Hustler12
1205 Posts |
Posted - 07/22/2008 : 11:52:45 PM
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quote:
Originally posted by crankyusi
quote:
Originally posted by Hustler12
please provide the report, test or info you received that shows that these software programs have a 30% margin of error. Otherwise, I think $10 an audit is a good deal.
If you contact the software companies, ask them for the docs they need to run their compliance tests, then you'll see the inherent deficiencies. One thought too is, if the lenders were using the compliance software programs, why are they getting hit with TILA lawsuits?
That still doesn't answer my question. I think we all know that we should not go onto this forum and quote an arbitrary number as a margin for error of a large software company and program? Especially, when no one has proof to validate it.
I know everyone is trying to make money here but it seems to me that no one can make money without bashing the way others do business. I simply don't believe that anyone is sitting there going over every page of the loan docs to look for violations when there is a software program that does the work for you with 45min of work and a fee of $10. And if there really is a 30% margin of error, please source this claim. I don't think that is too much to ask.
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crankyusi
607 Posts |
Posted - 07/23/2008 : 04:41:37 AM
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quote:
Originally posted by Hustler12
I simply don't believe that anyone is sitting there going over every page of the loan docs to look for violations when there is a software program that does the work for you with 45min of work and a fee of $10.
Ppulatie and chasjh46 do sift through the file to that extent Beau. The issues they uncover aren't covered by the software programs, and they're willing back up their findings and attorney if the lender won't settle and its time to battle in the courtroom. They're definitely not subscribers to the $10 quickie program. Your approach to modification may work, but it seems like that's a separate issue from uncovering violations.
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AMERICANMOD1
29 Posts |
Posted - 07/25/2008 : 1:28:18 PM
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Beau Barnhart
Barnhart Capital Group, Inc.
I guess you are costumed to getting free rides.... small of you...! |
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chasjh46
210 Posts |
Posted - 07/25/2008 : 2:35:46 PM
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Your absolutely correct Cranky. What people don’t understand is that these very same software programs they are using to audit loan packages is the exact same software the lenders used to sell those loans on the secondary market. The old saying “garbage in garbage out” most certainly applies to the automated compliance software used by the so called “Loan Auditors” that tout “Proprietary Software.” In so far as reading every word and compiling the sum of every digit, that’s is exactly what ppulatie, mortgagemessiah, and I do whether anyone chooses to believe it or not. I for one will never stand up in court testifying for a plaintiff homeowner based on the findings of an automated compliance program. In deed, I find great satisfaction when the defendant’s council surfaces with an automated audit. quote:
Originally posted by crankyusi
quote:
Originally posted by Hustler12
I simply don't believe that anyone is sitting there going over every page of the loan docs to look for violations when there is a software program that does the work for you with 45min of work and a fee of $10.
Ppulatie and chasjh46 do sift through the file to that extent Beau. The issues they uncover aren't covered by the software programs, and they're willing back up their findings and attorney if the lender won't settle and its time to battle in the courtroom. They're definitely not subscribers to the $10 quickie program. Your approach to modification may work, but it seems like that's a separate issue from uncovering violations.
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ppulatie
2238 Posts |
Posted - 07/25/2008 : 4:15:31 PM
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Yes, Chuck and I do each and every audit by hand. None of this compliancease garbage. I have audited the results of that program and would NEVER go to court having to depend upon it.
There is so much information that can be gleamed by just looking through each page, one by one. And so much that is wrong. Every file seems to have something new and different wrong with it. And for a "certain" client, you would never believe what I have discovered on so many of them, perhaps 20-30%, that the software programs would never pick up.
BTW, auditing just using the software could leave one open for a "VERY BIG" lawsuit for missing many things. Especially in a courtroom situation.
quote:
Originally posted by chasjh46
Your absolutely correct Cranky. What people don’t understand is that these very same software programs they are using to audit loan packages is the exact same software the lenders used to sell those loans on the secondary market. The old saying “garbage in garbage out” most certainly applies to the automated compliance software used by the so called “Loan Auditors” that tout “Proprietary Software.” In so far as reading every word and compiling the sum of every digit, that’s is exactly what ppulatie, mortgagemessiah, and I do whether anyone chooses to believe it or not. I for one will never stand up in court testifying for a plaintiff homeowner based on the findings of an automated compliance program. In deed, I find great satisfaction when the defendant’s council surfaces with an automated audit. quote:
Originally posted by crankyusi
quote:
Originally posted by Hustler12
I simply don't believe that anyone is sitting there going over every page of the loan docs to look for violations when there is a software program that does the work for you with 45min of work and a fee of $10.
Ppulatie and chasjh46 do sift through the file to that extent Beau. The issues they uncover aren't covered by the software programs, and they're willing back up their findings and attorney if the lender won't settle and its time to battle in the courtroom. They're definitely not subscribers to the $10 quickie program. Your approach to modification may work, but it seems like that's a separate issue from uncovering violations.
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alanadanielle
104 Posts |
Posted - 07/27/2008 : 07:37:18 AM
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AmericanMod1:
On your site you state that you can change the terms of a clients mortgage and in some cases reduce the principle balance. How can you legally state this when these servicers are modifying the note anywhere from 3-5 years. It is not a permanent change and who are you working with (servicers) that are writing down mortgages? There are not alot doing this.
I also think it hilarious when everyone chimes in about their "mod" company and they have email addresses with hotmail and aol. Funny.
Good Luck to All
Alana
alana@sequoiaconsultinggroup.com
www.sequoiaconsultinggroup.com
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AMERICANMOD1
29 Posts |
Posted - 07/27/2008 : 3:39:02 PM
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You can contact me at cgordon@yourama.com or call me at my office at 631-979-3930 x203
I would love to speak with you..... |
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alanadanielle
104 Posts |
Posted - 07/28/2008 : 07:28:36 AM
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We have a source for loan modifications and an attorney we deal with directly who deals with our clients directly. I just wanted you to answer the question since I myself am doing my own modification and the claims on this site, not just yours, are pretty substantial. I know what it is like dealing with these loss mit departments, negotiators and the CEOs themselves and I have an attorney. If you are getting banks and their "investors" to write down balances, please post these lenders. But I am sure you won't.
Good Luck to Everyone!!!! |
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AMERICANMOD1
29 Posts |
Posted - 07/28/2008 : 09:43:56 AM
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As you know most Modifications are processed differently. We don’t just have one Attorney; we have Attorneys in all 50 states, and deal with most lenders. Attorney should be able to negotiate with any lender to accomplish what we have been able to accomplish with our many clients...
If your Attorneys need help, just have them give me a call....thanks
And you do have a great day...!
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mojojojo_1
789 Posts |
Posted - 07/28/2008 : 6:43:53 PM
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yourama.com
all i see is your mamma. lol |
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AMERICANMOD1
29 Posts |
Posted - 07/29/2008 : 07:07:21 AM
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To:
momomommo1 mortgage agent
From: AMA
This site is for mature individuals....please find another site for kids to share your humor.....
We, Adults are serious about helping people who are facing life challenges
Thank you....!!!! |
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AMERICANMOD1
29 Posts |
Posted - 07/29/2008 : 07:12:08 AM
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Mojojojo....I noticed your web site....guess business is slow...
www.americandreaminvestment.com |
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ssyndergaard
9 Posts |
Posted - 08/01/2008 : 4:06:52 PM
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| Im intersted in learning a little more about your fee structure for the clients, what they all get for the cost. And can you handel clients nationwide? I work within the credit repair industry and have clients that need loan mods and loss mitigation all the time. Shoot me a call 800-430-7494 ext 102. |
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samanthajt5
62 Posts |
Posted - 08/01/2008 : 7:35:53 PM
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quote:
Originally posted by mojojojo_1
yourama.com
all i see is your mamma. lol
i have to say, when i first saw it that's what i thought to. lololololol |
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Jkatz
347 Posts |
Posted - 08/07/2008 : 5:34:57 PM
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| wow there's like 4-5 vendors promoting on this thread! |
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