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Equibancowner
1 Posts |
 Posted - 06/07/2009 : 12:28:37 PM
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As of July 1st all non attorney processing companies not registered with the department of justice are subject to fine, cease and desist or worse. If you are a individual, company or corporation selling loan mods you need to work with a Law Firm to handle your files. The Williams Law Center provides processing, QWR's and Forensic Loan Doc Audits for our brokers along with excellent customer service and on line tracking. If you have a need to work with an experienced law firm to get your modifications processed please give me a call.
James Mowrer
The Williams Law Center
Director of Operations
714-640-2209
james.mowrer@williamslawcenter.org |
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velecico
5311 Posts |
Posted - 06/07/2009 : 3:42:36 PM
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How would we legally solicit leads to give your attorney based processing company , are we collecting the payment or would the company sending the file collect the payment ? |
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xfactor
5 Posts |
Posted - 06/10/2009 : 2:09:41 PM
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| You will have to have the fee paid in the attorneys name. |
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madonna
365 Posts |
Posted - 06/12/2009 : 11:48:34 AM
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are you talking about processing companies or loan modification companies?
Do you have the ruling from the Dept. of Justice under what department? Is it cover all the states of USA?
How you handle the state that does not allow upfront fee?
Is the retainer agreement between your office and my potential client? |
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Coronasteve
1940 Posts |
Posted - 06/12/2009 : 11:58:23 AM
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This is California only, AB 180 effective July 1, 2009.
And by the way, I don't think you are correct OP.
What would you call the compensation that is paid to the person or company that brings you a client? The state bar will have issue with that. There is no way to do it on a case by case compensation basis.
quote:
Originally posted by madonna
are you talking about processing companies or loan modification companies?
Do you have the ruling from the Dept. of Justice under what department? Is it cover all the states of USA?
How you handle the state that does not allow upfront fee?
Is the retainer agreement between your office and my potential client?
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themodpost
14 Posts |
Posted - 07/14/2009 : 8:29:54 PM
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TheModpost.com offers true enterprise web based solutions in a turn key fashion for large organizations with multi-level sales reps and even multi-level back office employees. It truly is a very robust system with the following features...
-Docs-> Auto-generate client ready or bank ready packages, upload client docs for a centralized file management system
-Online webforms through iFrames (works on your existing site or affiliates site)
-Lead management
-HAMP Proposal Module
-Detailed Pipeline management (for clients, agents, managers, etc...)
-Assign files and tasks/reminders to other users
-Calendars to see reminders and tasks
-Access to State and federal guidelines
-View lender profiles for loan mod policies, submissions, guidelines, frequently used docs, forum/wiki, etc...
-track payables and receivables per file and generate reports
-100% Turn Key and Web Based... no software to install, download or network. We back up all your data daily, on secured servers. Tiered pricing based on number of users.
TheModPost.com also has the only private labeled Do-It-Yourself loan modification system... again turn key for any mortgage professional. see sample here... www.3steploanmodifications.com
Watch the demo on www.themodpost.com to see an overview. |
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DTSSERVICES
16 Posts |
Posted - 07/22/2009 : 6:56:53 PM
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Do you know someone facing foreclosure or want to reduce their monthly payments? Why pay $995 fee per file for a loan modification, wait months to paid, and/or deal with all the red tape and headaches of performing the loan modification process? Spread the word that there is help and it saves money! Don't waste thousand's of dollars on a loan modification company in hopes of success! Enable your client to prepare their own loan modification proposal using an individually customized CD. Clients can complete and submit loan modification in a few simple steps: review personal info, write hardship letter, print, and submit!
LOAN MODIFICATION SOFTWARE(NOT AN E-BOOK)
$499-$599 (wholesale price to affiliates)
In the Privacy of Your Client’s Home
On Client’s Schedule
Feedback Based on Federal and Lender Guidelines for Approval
Customized especially for Client
ATTORNEYS AND OTHER LOAN MOD COMPANIES
$1,500 -$5,000 per modification fee
In Someone's Office
No Feedback Before Submitting
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