Most importantly, this is an OPTION for you to consider. Some attorneys that I've talked with love the idea, others choose to not use this separate fee-paid ($200 / borrower) service.
It involves having the people at Default Mitigation Management contact your borrowers to prepare the loan modification documents. Here are the details from their recent announcement:
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DMM has automated the DocUprep™ service!
DocUprep™ is a loss mitigation document preparation service offered by DMM. With DocUprep™, you can leverage DMM’s unparalleled experience and knowledge of the loss mitigation requirements to prepare and complete your tailored loss mitigation packages.
With DocUprep™, you can stop worrying about the administrative details and focus on the modification. DocUprep™ can be used with any loss mitigation request even if you are not using the DMM Portal to submit your documents.
To use the DocUprep™ service, simply compete the online request form located HERE or go to the Tools section inside the DMM Portal.
And... That’s it! DMM’s mortgage modification experts will contact the Borrower and prepare the entire package on your behalf.
DocUprep™ costs only $200 per borrower - saving you time and money.
If you have any questions, please feel free to contact DMM Support at (800) 481-1013 or email us at support@defaultmitigation.com.
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I would welcome your comments on this service.
Rex