Get Loan Terms and Conditions

OVERVIEW
This website is operated by Loan Modification Depot. Throughout the site, the terms “we”, “us” and “our” refer to Loan Modification Depot. Loan Modification Depot offers this website, including all information, tools and services available from this site to you, the user, conditioned upon your acceptance of all terms, conditions, policies and notices stated here.
By visiting our site and/ or purchasing something from us, you engage in our “Service” and agree to be bound by the following terms and conditions (“Terms of Service”, “Terms”), including those additional terms and conditions and policies referenced herein and/or available by hyperlink. These Terms of Service apply to all users of the site, including without limitation users who are browsers, vendors, customers, merchants, and/ or contributors of content.
Please read these Terms of Service carefully before accessing or using our website. By accessing or using any part of the site, you agree to be bound by these Terms of Service. If you do not agree to all the terms and conditions of this agreement, then you may not access the website or use any services. If these Terms of Service are considered an offer, acceptance is expressly limited to these Terms of Service.


Any new features or tools which are added to the current store shall also be subject to the Terms of Service. You can review the most current version of the Terms of Service at any time on this page. We reserve the right to update, change or replace any part of these Terms of Service by posting updates and/or changes to our website. It is your responsibility to check this page periodically for changes. Your continued use of or access to the website following the posting of any changes constitutes acceptance of those changes.
SECTION 1 – WEBSITE TERMS
By agreeing to these Terms of Service, you represent that you are at least the age of majority in your state or province of residence, or that you are the age of majority in your state or province of residence and you have given us your consent to allow any of your minor dependents to use this site.
You may not use our content for any illegal or unauthorized purpose nor may you, in the use of the Service, violate any laws in your jurisdiction (including but not limited to copyright laws).
You must not transmit any worms or viruses or any code of a destructive nature.
A breach or violation of any of the Terms will result in an immediate termination of your Services.
SECTION 2 – GENERAL CONDITIONS
We reserve the right to refuse service to anyone for any reason at any time.
You understand that your content (not including credit card information), may be transferred unencrypted and involve (a) transmissions over various networks; and (b) changes to conform and adapt to technical requirements of connecting networks or devices. Credit card information is always encrypted during transfer over networks.
You agree not to reproduce, duplicate, copy, sell, resell or exploit any portion of the Service, use of the Service, or access to the Service or any contact on the website through which the service is provided, without express written permission by us.

The headings used in this agreement are included for convenience only and will not limit or otherwise affect these Terms.
SECTION 3 – ACCURACY, COMPLETENESS AND TIMELINESS OF INFORMATION
We are not responsible if information made available on this site is not accurate, complete or current. The material on this site is provided for general information only and should not be relied upon or used as the sole basis for making decisions without consulting primary, more accurate, more complete or timelier sources of information. Any reliance on the material on this site is at your own risk.
This site may contain certain historical information. Historical information, necessarily, is not current and is provided for your reference only. We reserve the right to modify the contents of this site at any time, but we have no obligation to update any information on our site. You agree that it is your responsibility to monitor changes to our site.
SECTION 4 – MODIFICATIONS TO THE SERVICE AND PRICES
Prices for our products are subject to change without notice.
We reserve the right at any time to modify or discontinue the Service (or any part or content thereof) without notice at any time.
We shall not be liable to you or to any third-party for any modification, price change, suspension or discontinuance of the Service.
SECTION 5 – PRODUCTS OR SERVICES (if applicable)
Certain products or services may be available exclusively online through the website. These products or services may have limited quantities and are subject to return or exchange only according to our Return Policy.
We have made every effort to display as accurately as possible the colors and images of our products that appear at the store. We cannot guarantee that your computer monitor’s display of any color will be accurate.
We reserve the right, but are not obligated, to limit the sales of our products or Services to any person, geographic region or jurisdiction. We may exercise this right on a case-by-case basis. We reserve the right to limit the quantities of any products or services that we offer. All descriptions of products or product pricing are subject to change at any time without notice, at the sole discretion of us. We reserve the right to discontinue any product at any time. Any offer for any product or service made on this site is void where prohibited.
We do not warrant that the quality of any products, services, information, or other material purchased or obtained by you will meet your expectations, or that any errors in the Service will be corrected.
SECTION 6 – ACCURACY OF BILLING AND ACCOUNT INFORMATION
We reserve the right to refuse any order you place with us. We may, in our sole discretion, limit or cancel quantities purchased per person, per household or per order. These restrictions may include orders placed by or under the same customer account, the same credit card, and/or orders that use the same billing and/or shipping address. In the event that we make a change to or cancel an order, we may attempt to notify you by contacting the e-mail and/or billing address/phone number provided at the time the order was made. We reserve the right to limit or prohibit orders that, in our sole judgment, appear to be placed by dealers, resellers or distributors.
You agree to provide current, complete and accurate purchase and account information for all purchases made at our store. You agree to promptly update your account and other information, including your email address and credit card numbers and expiration dates, so that we can complete your transactions and contact you as needed.
For more detail, please review our Returns Policy.
SECTION 7 – OPTIONAL TOOLS
We may provide you with access to third-party tools over which we neither monitor nor have any control nor input.
You acknowledge and agree that we provide access to such tools ”as is” and “as available” without any warranties, representations or conditions of any kind and without any endorsement. We shall have no liability whatsoever arising from or relating to your use of optional third-party tools.
Any use by you of optional tools offered through the site is entirely at your own risk and discretion and you should ensure that you are familiar with and approve of the terms on which tools are provided by the relevant third-party provider(s).
We may also, in the future, offer new services and/or features through the website (including, the release of new tools and resources). Such new features and/or services shall also be subject to these Terms of Service.
SECTION 8 – THIRD-PARTY LINKS
Certain content, products and services available via our Service may include materials from third-parties.
Third-party links on this site may direct you to third-party websites that are not affiliated with us. We are not responsible for examining or evaluating the content or accuracy and we do not warrant and will not have any liability or responsibility for any third-party materials or websites, or for any other materials, products, or services of third-parties.
We are not liable for any harm or damages related to the purchase or use of goods, services, resources, content, or any other transactions made in connection with any third-party websites. Please review carefully the third-party’s policies and practices and make sure you understand them before you engage in any transaction. Complaints, claims, concerns, or questions regarding third-party products should be directed to the third-party.
SECTION 9 – USER COMMENTS, FEEDBACK AND OTHER SUBMISSIONS
If, at our request, you send certain specific submissions (for example contest entries) or without a request from us you send creative ideas, suggestions, proposals, plans, or other materials, whether online, by email, by postal mail, or otherwise (collectively, ‘comments’), you agree that we may, at any time, without restriction, edit, copy, publish, distribute, translate and otherwise use in any medium any comments that you forward to us. We are and shall be under no obligation (1) to maintain any comments in confidence; (2) to pay compensation for any comments; or (3) to respond to any comments.
We may, but have no obligation to, monitor, edit or remove content that we determine in our sole discretion are unlawful, offensive, threatening, libelous, defamatory, pornographic, obscene or otherwise objectionable or violates any party’s intellectual property or these Terms of Service.
You agree that your comments will not violate any right of any third-party, including copyright, trademark, privacy, personality or other personal or proprietary right. You further agree that your comments will not contain libelous or otherwise unlawful, abusive or obscene material, or contain any computer virus or other malware that could in any way affect the operation of the Service or any related website. You may not use a false e-mail address, pretend to be someone other than yourself, or otherwise mislead us or third-parties as to the origin of any comments. You are solely responsible for any comments you make and their accuracy. We take no responsibility and assume no liability for any comments posted by you or any third-party.
SECTION 10 – PERSONAL INFORMATION
Your submission of personal information through the store is governed by our Privacy Policy. To view our Privacy Policy.
SECTION 11 – ERRORS, INACCURACIES AND OMISSIONS
Occasionally there may be information on our site or in the Service that contains typographical errors, inaccuracies or omissions that may relate to product descriptions, pricing, promotions, offers, product shipping charges, transit times and availability. We reserve the right to correct any errors, inaccuracies or omissions, and to change or update information or cancel orders if any information in the Service or on any related website is inaccurate at any time without prior notice (including after you have submitted your order).
We undertake no obligation to update, amend or clarify information in the Service or on any related website, including without limitation, pricing information, except as required by law. No specified update or refresh date applied in the Service or on any related website, should be taken to indicate that all information in the Service or on any related website has been modified or updated.
SECTION 12 – PROHIBITED USES
In addition to other prohibitions as set forth in the Terms of Service, you are prohibited from using the site or its content: (a) for any unlawful purpose; (b) to solicit others to perform or participate in any unlawful acts; (c) to violate any international, federal, provincial or state regulations, rules, laws, or local ordinances; (d) to infringe upon or violate our intellectual property rights or the intellectual property rights of others; (e) to harass, abuse, insult, harm, defame, slander, disparage, intimidate, or discriminate based on gender, sexual orientation, religion, ethnicity, race, age, national origin, or disability; (f) to submit false or misleading information; (g) to upload or transmit viruses or any other type of malicious code that will or may be used in any way that will affect the functionality or operation of the Service or of any related website, other websites, or the Internet; (h) to collect or track the personal information of others; (i) to spam, phish, pharm, pretext, spider, crawl, or scrape; (j) for any obscene or immoral purpose; or (k) to interfere with or circumvent the security features of the Service or any related website, other websites, or the Internet. We reserve the right to terminate your use of the Service or any related website for violating any of the prohibited uses.
SECTION 13 – DISCLAIMER OF WARRANTIES; LIMITATION OF LIABILITY
We do not guarantee, represent or warrant that your use of our service will be uninterrupted, timely, secure or error-free.
We do not warrant that the results that may be obtained from the use of the service will be accurate or reliable.
You agree that from time to time we may remove the service for indefinite periods of time or cancel the service at any time, without notice to you.
You expressly agree that your use of, or inability to use, the service is at your sole risk. The service and all products and services delivered to you through the service are (except as expressly stated by us) provided ‘as is’ and ‘as available’ for your use, without any representation, warranties or conditions of any kind, either express or implied, including all implied warranties or conditions of merchantability, merchantable quality, fitness for a particular purpose, durability, title, and non-infringement.
In no case shall Loan Modification Depot, our directors, officers, employees, affiliates, agents, contractors, interns, suppliers, service providers or licensors be liable for any injury, loss, claim, or any direct, indirect, incidental, punitive, special, or consequential damages of any kind, including, without limitation lost profits, lost revenue, lost savings, loss of data, replacement costs, or any similar damages, whether based in contract, tort (including negligence), strict liability or otherwise, arising from your use of any of the service or any products procured using the service, or for any other claim related in any way to your use of the service or any product, including, but not limited to, any errors or omissions in any content, or any loss or damage of any kind incurred as a result of the use of the service or any content (or product) posted, transmitted, or otherwise made available via the service, even if advised of their possibility. Because some states or jurisdictions do not allow the exclusion or the limitation of liability for consequential or incidental damages, in such states or jurisdictions, our liability shall be limited to the maximum extent permitted by law.
SECTION 14 – INDEMNIFICATION
You agree to indemnify, defend and hold harmless Loan Modification Depot, LoanModDepot, LoanModDepot.com and our parent, subsidiaries, affiliates, partners, officers, directors, agents, contractors, licensors, service providers, subcontractors, suppliers, interns and employees, harmless from any claim or demand, including reasonable attorneys’ fees, made by any third-party due to or arising out of your breach of these Terms of Service or the documents they incorporate by reference, or your violation of any law or the rights of a third-party.
SECTION 15 – SEVERABILITY
In the event that any provision of these Terms of Service is determined to be unlawful, void or unenforceable, such provision shall nonetheless be enforceable to the fullest extent permitted by applicable law, and the unenforceable portion shall be deemed to be severed from these Terms of Service, such determination shall not affect the validity and enforceability of any other remaining provisions.
SECTION 16 – TERMINATION
The obligations and liabilities of the parties incurred prior to the termination date shall survive the termination of this agreement for all purposes.
These Terms of Service are effective unless and until terminated by either you or us. You may terminate these Terms of Service at any time by notifying us that you no longer wish to use our Services, or when you cease using our site.
If in our sole judgment you fail, or we suspect that you have failed, to comply with any term or provision of these Terms of Service, we also may terminate this agreement at any time without notice and you will remain liable for all amounts due up to and including the date of termination; and/or accordingly may deny you access to our Services (or any part thereof).
SECTION 17 – ENTIRE AGREEMENT
The failure of us to exercise or enforce any right or provision of these Terms of Service shall not constitute a waiver of such right or provision.
These Terms of Service and any policies or operating rules posted by us on this site or in respect to The Service constitutes the entire agreement and understanding between you and us and govern your use of the Service, superseding any prior or contemporaneous agreements, communications and proposals, whether oral or written, between you and us (including, but not limited to, any prior versions of the Terms of Service).
Any ambiguities in the interpretation of these Terms of Service shall not be construed against the drafting party.
SECTION 18 – GOVERNING LAW
These Terms of Service and any separate agreements whereby we provide you Services shall be governed by and construed in accordance with the laws of the State of New York in the United States.
SECTION 19 – CHANGES TO TERMS OF SERVICE
You can review the most current version of the Terms of Service at any time at this page.
We reserve the right, at our sole discretion, to update, change or replace any part of these Terms of Service by posting updates and changes to our website. It is your responsibility to check our website periodically for changes. Your continued use of or access to our website or the Service following the posting of any changes to these Terms of Service constitutes acceptance of those changes.
SECTION 20 – CONTACT INFORMATION


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Questions about the Terms of Service should be sent to us at info@loandmodificationdepot.com.

How To Get Personal Loan Easily In USA

Capture the Upside Potential of Late-stage Venture-backed Companies

The historically attractive return profile of many late-stage venture-backed companies has typically only been available to institutional and high net worth investors. With many high-growth companies staying private longer than ever, a significant portion of their value appreciation typically occurs before their entry into the public markets. Available for a minimum investment of $2,500 without investor accreditation requirements, theSharesPost 100 Fund, a closed-end interval fund, offers individuals, family offices and institutions an effective means to access the venture-backed asset class.

Access
Access
Gain access from an alternative growth investment typically reserved for institutions and endowments.
Diversification
Diversification
Gain exposure to late-stage venture-backed private companies across multiple industry sectors.**
Liquidity
Liquidity
Enjoy more efficient redemption than direct investments or traditional venture capital funds through the SharesPost 100 Fund’s quarterly redemption program.

Poor Credit Loans

The economy is currently very difficult and many families are struggling to manage their finances from month to month. With defaults and foreclosures on the rise, many individuals have now found themselves in the position of trying to manage with bad credit and lower incomes. Some lenders are now offering a range of innovative products to help those with poor credit to find unsecured loans. From personal bad credit loans to paycheck advances, there are many great options for those with poor credit that need to borrow fast cash. Whilst the cheapest and often best option may be to save up and buy outright, this is just not an option for many families in the current economic climate. Sometimes even the most careful planners can find that their budget won’t stretch to meet emergencies such as car repairs, unpaid bills, workplace redundancies, children’s expenses and unexpected life events. If you find yourself in need of quick cash, then why not explore some of the instant approval options on the market – many of which can deposit funds into your bank account by the following working day.

Paycheck Advances

For those who just can’t wait until their next payday, paycheck advances can be a great option to help money stretch further. Some lenders even have same-day approval for those in employment, and this a really good way to manage immediate and unexpected expenses. These poor credit loans are usually for smaller amounts, less than the monthly paycheck, and can be repaid on the next payday, meaning that the loan is short term, unsecured and a great way to get fast cash. If you’re in stable employment and are looking for a quick cash loan then paycheck advances are usually a no-hassle option to cover your expenses, although they are not suitable for using in the long term as many have high interest rates if you lend for more than a couple of months at a time. Those who’ve had paycheck advances in the past may be eligible to lend higher amounts than the initial limits, so it’s worth speaking to your loan provider. If you need something to cover you for longer than a paycheck or two, then poor credit unsecured loans are probably a better option and may help to save you money.

Personal Loans with Bad Credit

Whilst many lenders have tightened up their criteria for potential borrowers, it’s still possible to get a poor credit loan personal lending amount from specialist providers as well as from the big banks. Approaching your own bank in the first instance is often a good way to get the best deal, however if they can’t approve your application then there are lenders who offer tailored products to those with poor credit or previous financial issues. Despite the tightening of legislation and lending criteria, it’s still possible to get a loan even with previous defaults or missed payments. Having a poor credit loan unsecured ensures that your home is safe in the case of default, and is a great way to lend smaller amounts of money and get access to quick cash.

Credit Cards

For short-term lending, flashing the plastic can be a good way to help manage your budget and there are a number of great products which are tailored to meet the needs of those with adverse credit. Spending on a credit card for large purchases such as holidays and home improvements can sometimes also have additional consumer protection implications. Some credit card companies specifically work with people who’ve had financial difficulties in the past, and these ‘credit rebuilder’ cards can be a good way to improve your credit score and access quick cash. Most people will be able to access either credit cards, poor credit unsecured loans or paycheck advances, and a combination of these products can be very useful tools for those who have a bad credit history but need additional finance.

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Graduate Student Loan Application For International Students

                                                                       Information

• Maximum loan limit is the cost of attendance less other financial aid, subject to a $170,000 limit.

• Minimum loan amount is $5,000 • Minimum monthly payment amount is $100 for standard repayment.

• Prime Rate + 5.00% with no fees.  Annual Adjustment.  For the 2009 year, interest will accrue at 8.25%.  Please see the Graduate Student Loan Variable Rate section in the Graduate Student Loan Addendum for more information.

• Unpaid interest that accrues while you are in school will be capitalized (added to your loan amount) as provided in the Graduate Student Loan Addendum. You will then pay interest on a higher loan amount unless you choose to pay the accrued interest before the repayment period begins.

 

• Repayment begins six months after you graduate, leave school or cease to meet approved enrollment requirements. You can always prepay loans at any time without penalty.

  • You can be eligible for a rate reduction of 0.125% if automated payments from a Coastal Account are set up.

• For a requested loan amount of $50,000, an APR of 8.25%, an interest rate calculated by adding 5.00% to the current Prime Rate of 3.25%, and a repayment term of 300 months, borrowers will approximately owe monthly payments of $394.43 in principal and interest.

• APR Assumptions: The APR is effective as of May 1, 2009. The APR is a variable rate loan and will increase if the Prime Rate increases, as will the payment amount, but for purposes of this calculation, we have assumed

1. To apply for a Graduate Student Loan, you must:

• be enrolled at a regionally accredited graduate business degree granting educational institution where it has been approved for full participation in the federally guaranteed student loan program by the United States Secretary of Education and meets default rate requirements of Coastal Federal Credit Union or its insurer, • meet the enrollment requirements approved for the school,

• be at least a half-time student as defined by said education institution,

• meet specific credit requirements before you can be approved for the loan.

2. Read all information contained in this packet. Please pay particular attention to the Loanliner Plus Lending Disclosure and the Graduate Student Loan Addendum. This is a legal contract binding you to the terms and conditions of the loan.

3. You must be 18 years of age to apply.

4.  You must legibly complete all applicable fields to ensure timely processing of your application.

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Credit and Loan Instructions In USA

1. Create your loan listing

Creating a loan listing on Prosper is easy and only takes a few minutes.
You will be asked to fill out some personal information, which will help us to give you the best rate and loan terms possible and protect you and others against fraud. We will check your identity and obtain your credit score. (This will not affect your current credit score


We'll then assign your loan listing a Prosper Rating, which is based on your credit score from a credit bureau (Experian) and another score developed internally by Prosper. Your loan's interest rate will be based on your Prosper Rating.
Now the fun begins: you create a custom loan listing by giving your listing a title and adding a description of your loan purpose and your financial situation.
What's the difference between a listing and a loan?
A listing is your request for a loan. Your listing will be displayed for investors to view. You will receive a loan after your listing is funded and your information has passed Prosper's verification process, as needed.
TIP: Asking your friends and family to invest in your listing and give you a recommendation will increase your chances of having your listing fully funded.

• Maximum loan limit is the cost of attendance less other financial aid, subject to a $170,000 limit.

• Minimum loan amount is $5,000

• Minimum monthly payment amount is $100 for standard repayment.

• Prime Rate + 5.00% with no fees. Annual Adjustment. For the 2009 year, interest will accrue at 8.25%. Please see the Graduate Student Loan Variable Rate section in the Graduate Student Loan Addendum for more information.

• Unpaid interest that accrues while you are in school will be capitalized (added to your loan amount) as provided in the Graduate Student Loan Addendum. You will then pay interest on a higher loan amount unless you choose to pay the accrued interest before the repayment period begins.

• Repayment begins six months after you graduate, leave school or cease to meet approved enrollment requirements. You can always prepay loans at any time without penalty.

• You can be eligible for a rate reduction of 0.125% if automated payments from a Coastal Account are set up.

• For a requested loan amount of $50,000, an APR of 8.25%, an interest rate calculated by adding 5.00% to the current Prime Rate of 3.25%, and a repayment term of 300 months, borrowers will approximately owe monthly payments of $394.43 in principal and interest.

• APR Assumptions: The APR is effective as of May 1, 2009. The APR is a variable rate loan and will increase if the Prime Rate increases, as will the payment amount, but for purposes of this calculation, we have assumed that the interest rate does not change

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HOW TO GET THE BEST DEAL ON A CAR LOAN IN USA

Planning ahead can make it a breeze to buy your first car

Buying your first car can be very exciting. There's a lot to manage—including figuring out the kind of car you want, deciding to buy it new or used and finding the lowest rate—and you want it to go smoothly. Preparing for your purchase can help make the process easier and ensure you end up with a car that fits your needs and budget. Here are some tips for buying your first car:
1. Assess your needs.
You've seen the car you want on the road. You can imagine yourself driving it, but is it really the car you need? Be honest with yourself and evaluate what make and model is best suited for your lifestyle, the driving conditions of your region and your budget.


2. Set your budget.
Determine how much of a car payment you can afford. In this calculation, bear in mind that there's more to car ownership than just making the monthly car loan payments. Remember to factor in maintenance, insurance, gas and repair costs. Use the Bank of America car loan calculator to help you run the numbers. Knowing how much you will need every month for your new car will help you decide what to buy. Better Money Habits has some useful tips on the real cost of owning a car.
3. Examine your credit.
Check your credit score so you have a clear sense of how credit-worthy you are. Why? Because your credit will help determine the interest rate you pay—which will affect your overall car-buying budget. Better credit will earn you a more favorable interest rate. There are two ways to access your credit history:
  • Get a free report: You can get a free copy of your credit report once each year from AnnualCreditReport.com. If you have already received your free annual credit report and request another report you may be charged a fee by the bureau.
  • Buy your score: Buy it from one of the big three credit reporting agencies: Experian, Equifax or Trans Union.
4. Determine your down payment.
Assess how much you can pull from your savings to contribute toward a down payment. You typically don't have to make a down payment, but it's usually a good idea. Generally, for every $1,000 you put down, your monthly car payment drops by $20, according to Edmunds.com. And the more you put down, the less you'll have to borrow.

5. Apply for a loan.
Here's an important tip for buying your first car—or your 10th: Shop for a car loan before shopping for a car. While that may seem counterintuitive, it's a great step to take. You'll have an idea of how much money you can borrow and at what interest rate, which means you won't need to make financing decisions on the fly at the dealership. You can start at your bank or credit union, but it's okay to shop around to make sure you get the best rate. You canapply online for an auto loan for free and, if approved, receive loan information and an interest rate quote within moments.
6. Go shopping.
Start your car search online and by talking to friends and family. Check out cars that are in your price range and that meet your needs.
7. Take a test drive.
Once you've decided on a few cars that look good on paper and on the lot, take a few for a test drive. After all, you'll want to see how they perform on the road and how you feel in the car.
8. Get the data you need.
After narrowing your choices, ask multiple dealers to quote you a price. If you're looking at used cars, be sure to ask for a Carfax report on the ones you are seriously considering. This report provides detail on a used vehicle's history—previous ownership, accidents it's been involved in and more.
9. Close the deal.
You've done your research. You know what you want, and you have your financing. When it comes time to negotiate the deal, you're in control. Be sure you understand the terms of any financing or warranty agreement. Then enjoy your new wheels.

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Ready to get started? Compare today's auto loan rates from Bank of America.

Loan Servicing Information USA

MORTGAGE OPERATIONS

LOAN ORIGINATION:
Our professionals run broad and deep in experience with consumer loan origination operations from Point of Sale through Underwriting, Processing, Closing, Funding, and Post Closing functions. In addition, we assist our clients in determining how bulk purchase transactions should be structured, assisting with establishing proper accounting, reporting, and monitoring to support the after-sales portfolio.
LOAN SERVICING / PERFORMING LOANS:
Today’s consumer lending companies face tremendous pressure to enhance their servicing practices to work on behalf of the consumers’ best interests. This requires increased transparency and levels of customer service, adherence to new regulations, and thus changes to operational processes which are not inexpensive nor simple feats. The key is to do so, all the while in a well-controlled, transparent, compliant yet efficient and profitable operation for the benefit of the organization and its investors alike. From new loan onboarding in bulk or flow, to custodial accounting and investor reporting, escrow management, customer service and ultimately Portfolio Retention / Recapture, KPMG’s Operations Team stands ready to deliver. We specialize in the similarities and differences between the businesses of prime servicing, special servicing, master servicing and sub-servicing.


LOAN SERVICING / NON-PERFORMING LOANS:
Many changes in the regulatory environment in particular have created significant challenges in the non-performing mortgage space. The regulatory mandate for a Single Point of Contact for loans in the loss mitigation and default management process is driving financial pressures in terms of operational deleveraging. Other mortgage-related standards and regulations include Regulation AB; the Uniform Single Audit Program (USAP); Mortgage Servicer Consent Orders from the Office of the Controller of the Currency (OCC) and the Federal Reserve Board; the Servicer Alignment Initiative (SAI); Fair Lending requirements; and mandates from the Consumer Financial Protection Bureau (CFPB) and from state and other prudential regulators. Mortgage institutions must be aware of these regulations and be prepared to comply with them. Among our experiences in loss mitigation, we have advised on structuring modification programs, monitoring loss mitigation outcomes, and monitoring portfolio trends. Our knowledge of the loss mitigation and default management process can help our clients create value in declining loan assets, mitigating the decline. Or, on the other hand, our understanding of loss mitigation and default management can help our clients assess when a loan should be moved into the real estate owned (REO) process.

REAL ESTATE OWNED:
Due to the sheer volume of REO owned by various banks and financial institutions, all parties have been forced to consider a wide array of strategies for disposing of the properties. KPMG recognizes that there are several options when it comes to removing an REO property from the servicers’ books. In most cases historically, it has been in the servicer’s best interests to dispose of the property as quickly as possible to minimize costs. KPMG also recognizes, however, that due to the large REO volume, the fragile state of the housing markets, investor concerns, and forthcoming potential shifts in regulation, clients may want to consider nontraditional disposition alternatives to mitigate losses as well, and we are well prepared to meet those needs.
KPMG’s Mortgage and Consumer Lending Operations services support business process improvement and re-design, compliance assistance with new regulations, merger and acquisition due diligence and assistance with bid price determination, management reporting enhancement and overall project and program management.
If you are providing an investor or owner financing loan, or arranging a lease to purchase transaction, Bankers Escrow Corp. can provide loan servicing and payment processing services. As an independent 3rd party for real estate contract servicing, Bankers Escrow can conveniently handle all the details of collecting your monthly payment.
From simple to complex and everything in between... each transaction is unique so here's what Bankers Escrow can provide for your private loan servicing:
·Customized servicing agreements for individual seller loan servicing or large contract collections
·Automated ACH bank collections directly from borrower's bank account
·Payment coupons
·Yearly payment history reports
·Disbursements to multiple parties with direct deposit to lender's bank account
·Annual I.R.S. tax interest forms 1099 & 1098
·Payoff statements and document holding services
·Automatic assessment of late fees
·Bi-weekly loan servicing option

For a more creative approach at no extra charge, Bankers Escrow offers:
·Reserve or impounds for tax and insurance payments with a yearly escrow reserve analysis
·Programmed Delinquency notices mailed
·Outside third party verification of loan payments for mortgage lending
·Annual Principal and Interest statements for all investor loan servicing and installment loan servicing accounts

Loan Servicing Fees Are SIMPLE!
Set Up Fee* $55.00
Monthly Fee*: 1st disbursement $10 
2nd disbursement $7
*Fees vary for full PITI servicing and there are multiple loan discounts. Email us atrequest@bankersescrow.com or call us at 800-571-6595 for a quote on your loan servicing needs.

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