the Loan modification process
Step 1. Submit your RMA Package
Submitting the package is the most critical step when applying for the loan modification. You must provide key information and documentation for this process to be reviewed. If you do not provide information the lender is looking for, then you will not be approved.
Step 2. Follow-up on Your Case
Once you submitted your RMA package, you must follow up on your case. Make sure the lender has all they need.
Step 3. If Your Loan Modification is Approved, then Complete the Trial Plan
If you are fortunate to have your loan modification approved, then lender will provide a trial plan lasting for 3-6 months.
However, if you are not approved for the loan modification OR you do not agree with the trial plan, then your next step is to appeal it.
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Matthew Hien Wu
Bilingual in Vietnamese, English
MBA from UCLA