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Simple Loan Agreement - PowerPoint

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					    Keeping thing simple




Auto Loan Modification
       Rhombus Auto Loan Modification One simple solution to avoid
       Repossession




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    Auto Loan Modification???
       •   Auto loan modification is a broad term used to describe any change to your car
           loan contract. Most people who seek modification do so because they believe they
           can gain a more favorable contract the second time through than the first. Others
           can no longer afford their loan at the current agreement. In either case, modification
           is not an easy process, and it is not always possible




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    Scope of Auto Mods….
        •   With the current economic difficulties, auto / vehicle finance companies are
            experiencing an increase in late payments as well as repossession.

        •   Just like the mortgage industry, auto financing companies becoming more aware of
            the consumers hardship and are starting to work with them in modifying car notes.
            Why stop at mortgage loan modification when you have to opportunity to lower
            and/or modify your customer’s automobile payments as well? In some cases auto
            loan modification may even benefit mortgage modification clients by reducing the
            debt to income ratio and increasing disposable income.




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    Why Rhombus ?
        •   Trained & Experienced staff

        •   Processing Team includes MBA’S, Engineers, and Master’s in Banking etc.

        •   Thousands of Loans already modified

        •   Many satisfied clients with prompt and fast approvals

        •   Tenured Finance Professionals

        •   Every file has detailed case research analysis

        •   Access Live updates on the CRM 24/7

        •   Quick Turn around Time

        •   Save your money on staffing expenses




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  Documents you need to provide us.
        •   Hardship Letter

        •   Borrowers Authorization

        •   Paystubs

        •   W2’S / 1040’S

        •   List of Monthly expenses

        •   Bank Statements

        •   Copy of drivers License

        •   Copy of insurance policy for the vehicle

        •   Loan Statement for the vehicle

        •   Note:- {we can also contact the customer directly on your behalf to collect missing docs.}


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   Reports generated by us.




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     Our Proposal




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    Model Pricing Reports




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  Underwriting & Income Calculation




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   DTI & Disposal calculation Analysis




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      Stage 2
        •   Income Summary

        •   Debt Ratio Analysis

        •   Affordability Analysis

        •   Asset Summary

        •   Hardship Description

        •   Verification of Income

        •   Establish Loan Scenario vs. Proposed Modification Terms.

        •   Record all the timely updates on the CRM

        •   Submit completed package to Lender as required.



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     Stage 2 (con)
        •   Reply and respond to additional information request

        •   Follow ups on submissions

        •   Received and Convey modification terms to the client or customer.

……………………………………………………………….........................................................

   Closing Function Stage 3
       •    Verification of Vehicle Loan Modification terms against offer made by Investor.

       •    Schedule of vehicle loan modification execution with Notary, (as required).

       •    Filing / confirming lender boarding of vehicle loan modification terms.




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       Contact Us
       Rhombus Technologies Inc.

       82-36, 259th St., Floral Park, New York, 11004

       Contact Person: Rekha Singh (Rebecca)
       Tel: 1-877-869-7950
       Fax: 1-800-309-6316
       Email: rebecca@rhombustech.net
       Url: www.rhombustechnologies.com




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                                                Keeping thing simple




R h o m b u s Te c h n o l o g i e s P v t . L t d .
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1416 | F:+91 22 6692 6600
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