http://stopforeclosuretips.info/stop-foreclosure-with-these-tips Free Information on How to Stop Foreclosure Sat, 05 Nov 2011 13:52:23 +0000 hourly 1 http://wordpress.org/?v=3.3 http://stopforeclosuretips.info/stop-foreclosure-with-these-tips/comment-page-1#comment-557 James@Silk Plants Thu, 15 Apr 2010 17:50:20 +0000 http://stopforeclosuretips.info/?p=639#comment-557 Really nice article! Your writing is so much better compared to most other writers. Thanks for writing when you get the chance to, I'll be sure to bookmark your site! Really nice article! Your writing is so much better compared to most other writers. Thanks for writing when you get the chance to, I’ll be sure to bookmark your site!

]]> http://stopforeclosuretips.info/stop-foreclosure-with-these-tips/comment-page-1#comment-490 Hal Beckstrom Mon, 29 Mar 2010 21:37:49 +0000 http://stopforeclosuretips.info/?p=639#comment-490 The REAL problem here is implementation of enough staff to handle the requests for modification and completion, if qualified, in a timely manner. I personally know that Wells Fargo is outsourcing it’s overload of modification requests to third party vendors, due to lack of internal personnel and, obviously, this move hasn’t been of much help. Now that the 2009 leglislation has been amended, there will be an increase in demand for additional, qualified mortgage professionals to review and approve those requests for modifications. Will the major lenders be prepared to handle this demand, internally, or through third party vendors AND willing to accept the increase in payroll costs? Will the incentives/credits they receive for each completed modification justify the increased cost of personnel? After all, those major lenders are more so profit makers than prophets. There are so many homeowners out there who have applied for modifications since last Feb. 2009 who have not yet been modified as of today – can you imagine how long others will wait under these new amended guidelines without sufficient additional staff? As an unemployed mortgage underwriter with over 10 years of underwriting experience, I do question a lenders sincerity in providing assistance to those millions in need, if the profit for doing so, is not there (as I would be a part of their increased payroll cost). The REAL problem here is implementation of enough staff to handle the requests for modification and completion, if qualified, in a timely manner. I personally know that Wells Fargo is outsourcing it’s overload of modification requests to third party vendors, due to lack of internal personnel and, obviously, this move hasn’t been of much help. Now that the 2009 leglislation has been amended, there will be an increase in demand for additional, qualified mortgage professionals to review and approve those requests for modifications. Will the major lenders be prepared to handle this demand, internally, or through third party vendors AND willing to accept the increase in payroll costs? Will the incentives/credits they receive for each completed modification justify the increased cost of personnel? After all, those major lenders are more so profit makers than prophets. There are so many homeowners out there who have applied for modifications since last Feb. 2009 who have not yet been modified as of today – can you imagine how long others will wait under these new amended guidelines without sufficient additional staff? As an unemployed mortgage underwriter with over 10 years of underwriting experience, I do question a lenders sincerity in providing assistance to those millions in need, if the profit for doing so, is not there (as I would be a part of their increased payroll cost).

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