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"The median monthly payment reduction for borrowers enrolled in
the (HAMP) program is $522" - DSnews.com

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Technology for Loan Modifications


Of course you can get your loan modified the old fashioned way using mail, the fax, the phone.  However, your chances of success will be diminished.  A great help is today's modern technology.  Today's technology allows for complete automation of the modification process and if you don't have it, you should pay a company or attorney that does.
 
If you have paid a company or are thinking about it, make sure you ask them what type of technology they use to work your modification.  The key is that they are using a high technology program which allows for auto calculation of your ratios as well as electronic uploading of docs.  This makes the entire loan modification process much easier and your chance at a loan modification much greater.

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