Broker Outpost Mortgage Forums
Home | Recent Discussions | Register | Login | Mortgage Broker Directory | Mortgage Reference Library
 All Forums
 Mortgage Brokers
 Announcements
 Search for: How to open a loan modification company?.
Related tags: []
Author Previous Topic  |  Next Topic  
morsolo

281 Posts

Posted - 11/15/2008 :  11:42:45 AM
Everybody are welcome whether you are a reader or competitor. You can put/promote your ads also here. Be your own boss but please do not insinuating other competitor if you do not have a proof.

We are the fastest growing loan modification company in wholesale back end [rocessing services that cover everything and had a lots of experiences from real estate and mortgage in Illinois.

We are a wholesale loan modification contract back-end processing services for Lenders, investors, mortgage broker, real estate broker or even attorney. We can provide you with all of the forms and you can put under your company letterhead. We require that our processing fee must be paid in full and upfront before we begin processing your file and we prefer you can send the payment thru wire transfer, certified check or credit card . Remember, we will provide your company with all necessary forms that need to be completed by the client during our term of agreement.

In Illinois, you do not need to be a licensed real estate agent or broker, loan officer or mortgage broker owner to market or process loan modification. However, it is a good advantage if you are a licensed real estate broker or loan officer and the negotiation is doen by a lawyer. In order to originate loans in Illinois, you must be a licensed loan officer and to own mortgage brokerage company, you must also get a license and pass the criminal/credit background and the net worth required is $50,000 from IDFR (Illinois Dept. of Financial Regulation) and subject to yearly renewal, credit and state background also.

[b]Call Ericka or Robert, our marketing coordinators at 773-683-5510. Email at maxibomero@maxibomeroprocessing.com.


gwagner

3825 Posts

Posted - 11/15/2008 :  9:08:51 PM
The exciting part is?? - what makes you "different"?
velecico

5309 Posts

Posted - 12/23/2008 :  6:24:42 PM
quote:
Originally posted by morsolo

I do not know if you are interested as a client or competitor.
All we can say, we deliver at the best with professional,quality service and comprised with experiences staff and manager.

Our partner and inhouse lawyer is practicing real estate in Illinois for
over 27 years.We are open 7 days.
Our manager had the following experieces:
Licensed Rela Estate broker sicne 1988 until now in Ilolinois
Former Real Estate Broker-owner -1988 up to 2008.
Loan officer since 2000
State of Illinois required the loan officer to be licensed in 2005
(Passed the required state board exam,Criminal and Credit background):
Licensed Loan Officer from 2005 up to present
Former Mortgage broker-owner from 2003-2008.
Graduate of Bachelor of Science in Accounting



www.maximondoloanmod.org






Are you sure he is a RELA STATE Agent in ILOLINOIS
Coronasteve

1940 Posts

Posted - 12/24/2008 :  08:26:48 AM
Where do I sign up? The #5 feng shui advice is worth the price alone.

Does this come with a set of Ginsu knives too?

C'mon guys, there is not even a requirement listed to have any real estate or mortgage experience whatsoever in order to open you own loan modification business.




quote:
Originally posted by morsolo

Everybody are welcome whether you are a reader or competitor. You can put your ads also here. Be your own boss!

We are the fastest growing loss modification company and cover everything from real estate and mortgage in Illinois.


Maximondo Modification Consultant Corp of Chicago, Il 60618
(Backed and affiliate of Montegna and Associates Law office) offer the following services.:

1. Do-it-yourself loan modification for homeowner as low as $169.00

2. Consulting service for setting and running a loan modification company.
Preferably with a license in mortgage broker or real estate broker
We will recommend you have a corporation and you would be required
to comply to the laws and licensing of the state or city where you conduct business.
We charge one time flat consulting fee. No long term contract,no franchise and
no set up fee. Atty. A. MONtegna will be your teacher.

3. We are a wholesale loan modification contract processing services for lenders, investors, mortgage broker, real estate broker or even attorney. We can provide you with all of the forms and you can put under your company letterhead.We require that our processing fee must be paid in full and upfront before we begin procssing your file and we prefer you can send the payment thru wire transfer, certified check or credit card . Remember, we will provide your company with all necessary forms that need to be completed by the client during our term of agreement.

4. We do compliance and quality control service for pre-audit for mortgage broker-owner in State of Illinois. We charge per file and we can do weekly or monthly. We recommend this before the audit by IDFR, mortgage banking division of State of Illinois only. Avoid penalty, revocation of license or stiff fine. We have been go through with this audit process for being former mortgage and real estate broker-owner. Be prepare before audit will come. State of Illinois usually audit mortgage brokerage company every 2 years or every 3 years. We do weekly review of your closed files and input it to the log sheet required by IDFR (Iillinois Dept. of Financial Regulation), Mortgage banking division.

5. Feng Shui Consulting service for home or business.

6. We have good relationship with KRK mortgage bankcorp (Illinois mortgage residential licensee) and Metropolitan Realty and Development Corp. of Chicago, Illinois since our Manager, Patty Par is also connected with them as recruiting director.

In Illinois, you do not need to be a licensed real estate agent or broker, loan officer or mortgage broker owner to market or process loan modification. However, it is a good advantage if you are a licensed real estate broker or loan officer. In order to originate loans in Illinois, you must be a licensed loan officer and to own mortgage brokerage company, you must also get a license and pass the criminal/credit background and the net worth required is $50,000 from IDFR (Illinois Dept. of Financial Regulation) and subject to yearly renewal also.

We are a formerly real estate-broker owner (since 1989) and mortgage broker-owner (Since 2003) and our partner/negotiator is a lawyer who is practicing for over 27 years as a real estate lawyer.

Call Patty, Ericka or Robert, our marketing coordinators at 773-588-8776 or 773-860-6068. Email at loanmodification888@yahoo.com.
We are located at 3745 W. Montrose Avenue,Chicago, Il 60618.


new website,www.maximondoloanmod.org

morsolo

281 Posts

Posted - 12/24/2008 :  09:42:08 AM
Public Act 094-0822

SB2349 Enrolled LRB094 18521 LCT 53849 b



AN ACT concerning mortgages.

Be it enacted by the People of the State of Illinois,
represented in the General Assembly:

Section 1. Short title. This Act may be cited as the
Mortgage Rescue Fraud Act.

Section 5. Definitions. As used in this Act:
"Distressed property" means residential real property
consisting of one to 6 family dwelling units that is in
foreclosure or at risk of loss due to nonpayment of taxes, or
whose owner is more than 90 days delinquent on any loan that is
secured by the property.
"Distressed property consultant" means any person who,
directly or indirectly, for compensation from the owner, makes
any solicitation, representation, or offer to perform or who,
for compensation from the owner, performs any service that the
person represents will in any manner do any of the following:
(1) stop or postpone the foreclosure sale or the loss
of the home due to nonpayment of taxes;
(2) obtain any forbearance from any beneficiary or
mortgagee, or relief with respect to a tax sale of the
property;
(3) assist the owner to exercise any right of
reinstatement or right of redemption;
(4) obtain any extension of the period within which the
owner may reinstate the owner's rights with respect to the
property;
(5) obtain any waiver of an acceleration clause
contained in any promissory note or contract secured by a
mortgage on a distressed property or contained in the
mortgage;
(6) assist the owner in foreclosure, loan default, or
post-tax sale redemption period to obtain a loan or advance

of funds;
(7) avoid or ameliorate the impairment of the owner's
credit resulting from the recording of a notice of default
or the conduct of a foreclosure sale or tax sale; or
(8) save the owner's residence from foreclosure or loss
of home due to nonpayment of taxes.
A "distressed property consultant" does not include any of
the following:
(1) a person or the person's authorized agent acting
under the express authority or written approval of the
Department of Housing and Urban Development;
(2) a person who holds or is owed an obligation secured
by a lien on any distressed property, or a person acting
under the express authorization or written approval of such
person, when the person performs services in connection
with the obligation or lien, if the obligation or lien did
not arise as the result of or as part of a proposed
distressed property conveyance;
(3) banks, savings banks, savings and loan
associations, credit unions, and insurance companies
organized, chartered, or holding a certificate of
authority to do business under the laws of this State or
any other state or under the laws of the United States;
(4) licensed attorneys engaged in the practice of law; (5) a Department of Housing and Urban Development
approved mortgagee and any subsidiary or affiliate of these
persons or entities, and any agent or employee of these
persons or entities, while engaged in the business of these
persons or entities;
(6) a 501(c)(3) nonprofit agency or organization,
doing business for no less than 5 years, that offers
counseling or advice to an owner of a distressed property,
if they do not contract for services with for-profit
lenders or distressed property purchasers, or any person
who structures or plans such a transaction;
7) licensees of the Residential Mortgage License Act
of 1987;

(8) licensees of the Consumer Installment Loan Act who
are authorized to make loans secured by real property; or
(9) licensees of the Real Estate License Act of 2000
when providing licensed activities.

"Distressed property purchaser" means any person who
acquires any interest in fee in a distressed property while
allowing the owner to possess, occupy, or retain any present or
future interest in fee in the property, or any person who
participates in a joint venture or joint enterprise involving a
distressed property conveyance. "Distressed property
purchaser" does not mean any person who acquires distressed
property at a short sale or any person acting in participation
with any person who acquires distressed property at a short
sale, if that person does not promise to convey an interest in
fee back to the owner or does not give the owner an option to
purchase the property at a later date.
"Distressed property conveyance" means a transaction in
which an owner of a distressed property transfers an interest
in fee in the distressed property; the acquirer of the property
allows the owner of the distressed property to occupy the
property; and the acquirer of the property or a person acting
in participation with the acquirer of the property conveys or
promises to convey an interest in fee back to the owner or
gives the owner an option to purchase the property at a later
date.
"Person" means any individual, partnership, corporation,
limited liability company, association, or other group or
entity, however organized.
OptionNext

41 Posts

Posted - 12/24/2008 :  9:10:00 PM
OPTION NEXT IS A NATIONWIDE LOSS MITIGATION OUTSOURCING COMPANY.
WE PROVIDE YOU WITH THE TOOLS NEEDED TO ENHANCE YOUR CURRENT BUSINESS AND FOCUS ON SALES AND MARKETING!

* OUR STAFF CONSISTS OF LEGAL, FINANCIAL AND REAL ESTATE PROFESSIONALS
* WE PROVIDE YOU WITH A PER FILE TRACKING SYSTEM
* WE PROVIDE YOU WITH A CUTTING EDGE LOAN MOD QUALIFICATION TOOL
* WE PROVIDE YOU WITH A SUBMISSION PACKET YOU ARE ABLE TO CUSTOMIZE WITH YOUR COMPANY LOGO
* WE PROVIDE YOU WITH OUR EXPERTISE IN THE FIELD OF LOSS MITIGATION

PLEASE FEEL FREE TO VISIT OUR WEBSITE: HTTP://WWW.OPTIONNEXT.COM

PLEASE VISIT OUR BLOG FOR ANY QUESTIONS YOU MAY HAVE FOR OPTION NEXT

ALSO ON OUR BLOG SITE YOU WILL SEE A LINK TO AN ARTICLE WRITTEN ABOUT OPTION NEXT INC IN BUSINESS WEEK DESCRIBING US AS WHITE KNIGHT COMPANY, A COMPANY THAT HELPS ITS AFFILIATES GROW IN SUCCESS.

CALL OUR CFO DIRECT, AT 1-888-311-NEXT X803 (MARC GREENSTEIN)

WE ALSO PROVIDE BULK SHORT SALE PROCESS/MITIGATION FOR BOTH COMMERCIAL AND RESIDENTIAL PROPERTIES NATIONWIDE. ATTORNEY REPRESENTATION MAY BE REQUIRED DEPENDING ON THE STATE.
MGREENSTEIN@OPTIONNEXT.COM
  Previous Topic  |  Next Topic  
Advertising Information © 2007 Broker Outpost LLC, All Rights Reserved. Subscribe to the Forum Topics via RSS Go To Top Of Page
Privacy Policy Terms and Conditions
This page was generated in 0.42 seconds. Snitz Forums 2000