BytePro Loan Modification Edition

The BytePro Loan Modification Edition is used by lenders and servicers to process loan modifications under the Home Affordable Modification Program which was announced by the Obama Administration on February 18, 2009.

Key Features

  • Automatically calculates new interest rate, term and forbearance to achieve a 31% DTI.
  • Generates the required loan documents including the trial plan (3156), modification plan (3157), cover letters, hardship affidavits and other documents.
  • Tracks underwriting conditions and stores verification documents electronically. 
  • Integrates seamlessly with service providers for Credit, HVE, BPO, Fraud Detection.

Next Steps