mortgage loan modification by localh

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									Rhombus Technologies Inc.
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      Loan Modification
Program Overview
   A Loan Modification is a negotiation between a lender and a
   borrower whereas the loan terms are restructured without
   refinancing. The rate and terms of the loan are restructured to
   fit borrowers current financial situation.


   The banks and lenders would rather take less money and keep
   your client in their home making a payment that they can
   afford, rather than go through the expense of foreclosing the
   home, hiring a listing agent, rehabilitating the home, and
   letting it sit empty on the market for months, only to lose
   thousands in the process.




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Who Qualifies
   Anyone who can prove they are having a tough time.
   Especially those who are currently a few months behind, those
   with negative amortizing loans, those with loans that are about
   to adjust, those who are upside down on their loan and those
   who would rather keep their home than do a short sale.

      The rate is adjusting or adjusted and the payment is too much.


      Medical payments, loss of work or any other hardship that diverts
       income.

      Those who were put into a high interest rate loan with the plan to
       refinance, but the house value decreased making a refinance
       impossible due to equity problems.




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Advantages of Loan Restructure

     1. NO NEW APPRAISAL (IN MOST CASES)
     2. NO CREDIT CHECK OR MINIMUM FICO SCORE
     3. NO REFINANCING OR CLOSING COSTS
     4. CURES YOUR PAST DUE STATUS
     5. PROTECTS YOUR CREDIT RATING
     6. ONE TIME, FLAT FEE FOR SERVICES
     7. PROTECT THE HOME EQUITY



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Case Study #1
         Particulars                                      Before         After
         Mortgage Balance                            $286,201.00    $286,201.00
         Interest Rate                               10.00%         6% Fixed
         P&I Payments                                $2551.00       $1769.00
         Arrearages                                  $0             $0
         Months Behind                               $0             $0
         Public N.O.D                                No             No
         Total Monthly Savings                                      $792.00
    Results
   4%  Interest Rate Reduction!
   Was ARM now is a FIXED RATE!

   $9,504 in annual savings for the life of the loan!

   256,608 in savings for the life of the loan!




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Case Study #2
           Particulars                                           Before                     After
           Mortgage Balance                                $339,246.00                 $346,682.00
           Interest Rate                                   8.50%                       6% Fixed
           P&I Payments                                    $2443.00                    $2113.00
           Arrearages                                      $12,215                     $0
           Months Behind                                   5                           $0
           Total Monthly Savings                                                       $330.00
   Note: Borrower had cancer and no savings. Fell behind $12,215 while in treatment.
   Arrearages were reduced to $7436.00

    Results
   2.5% Interest Rate Reduction!
   Was ARM now is a FIXED RATE!

   $3,960 in annual savings for the life of the loan!

   102,960 in savings for the life of the loan!

   $12,215 in past due was reduced and wrapped into back of the loan!

   Account is now CURRENT and in good standings!


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Company Message
  Who are we?
        Rhombus Technologies, Loan Mod. Division. Same company with a
         great new service. A Full team of experienced professionals
         DEDICATED to helping you improve your business.
  What do we do?
        Make Loan Modification companies meet the customers interested in
         Loan Modification.
  What do we bring to the table?
        Interested customers…more business for you.
  Why Us?
        With the industry experience of over 8 years and the expertise in
         mortgage (new purchase, refinance, debt settlement & debt
         consolidation), real estate (investment buying, appointment setting
         between buyers and sellers, selling franchisee), we confidently claim to
         provide you with the leads that generate results.


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Sales process
    Follow the loan mod. script: Make sure the borrowers are interested         and
     committed to getting the Loan Modification done.


    Take a short application: Get the borrower’s filtered as per your required
     criteria for Loan Modification.


    Call Transfer: Once the borrower is interested, our executives transfer the call
     live to your office for your specialist to speak.


    Warm Introduction: On the tri-party conference, our executive would do the
     warm introduction of the borrower and your specialist.


    Reporting: A consolidated report for the number of transfers done everyday
     would be sent to you after the shift.


    That’s it! The borrower is yours. Go ahead and close the deal.
                                  Call us @ 1-866-789-2010
Origination Process
     We procure the database of borrowers who are late on their
      mortgage or have received a notice of foreclosure. They are good
      probable's for Loan Modification.
     Our specialists reach them (via cold calling) and verify if they are
      in serious mortgage trouble and whether they would be interested
      in Loan Modification.
     Identify those borrowers that are most likely to have rate
      adjustments or have a hardship associated with paying their loan.
      Capture their details and match with your criteria.
     After they qualify as per your criteria, the call is transferred live to
      your specialist.
     A warm introduction and you take it from there. However, after
      your consent, if required, we do follow-up with the borrowers.


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Process Flow Chart

           Procuring     the database                                       Approving the    lead


  Database sorting   as per clients requirement                Transferring    the call to clients specialist


          Tele-calling   the borrowers                              Warm   introduction (client & borrower)



     Explaining about Loan     Modification                                 Exit   the conference



     Screening as    per clients requirement                   Get   your lead…….start making money!!



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Calculation
Here is the example of how you can make $80,000 every month depending on the closings you do.




             You can also explore an hourly option which would reduce your cost per lead to   $18.
                              which means a reduction of 55% on the expense.
                 So an expense of approx. $9000 would get you the same profits of $80,000.

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FAQ
     How many transfers can we expect?
      We can provide you with as many as 200 transfers everyday.
     What states do you do?
      We do all the 50 states.

     How much does it cost?
      Pricing depends on the quantity you buy (Ranges from $30 - $40 per
      transfer).
     Are these leads exclusive?
      Yes. These leads are 100% exclusive. Once transferred to you, they are
      in our database only incase you want us to follow-up (back end
      processing).
     How soon can you start?
      We can start as soon as in 1 hour after signing the contract.
     What if the borrower is not interested?
      We would replace all the leads that do not fit your criteria.

      For any queries please feel free to call us at 1-866-789-2010 and talk to
      Rebecca or email us at rebecca@rhombustech.net

                                  Call us @ 1-866-789-2010
Contact Us
 Rhombus Technologies Inc.
 82-36, 259th St., Floral Park, New York, 11004

 Contact Person: Rekha Singh (Rebecca Baker)
 Tel: 1-866-789-2010
 Fax: 1-800-579-4118
 Email: rebecca@rhombustech.net
 Url: www.rhombustechnologies.com




                                  Call us @ 1-866-789-2010

								
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