Protecting Your Portfolio by Preserving Home Ownership
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As borrowers continue to struggle to make their monthly mortgage payment, lenders and service providers face the difficult challenge of preserving home ownership while minimizing losses for investors. Our home loan modification platform provides a systematic, streamlined approach to payment restructuring that increases home affordability and improves investor returns.
Delivered as a service, our solution contains robust functionality that automates all loan modification scenarios from portfolio programs to standard federal guidelines, such as the Home Affordable Modification Program (HAMP) and FDIC programs. As with all of our product offerings, the system can also be tailored to accommodate any alternative customer programs.
By leveraging the best-of-breed modules, features, and functions from our flagship product, NetOxygen, WGS has created a highly intelligent solution that guides you through all aspects of the loan modification process, from the initial servicing upload to investor reporting. User friendly screens, target segmentation, ready-made workflows, automated eligibility checks, document management, default values, and agency rules are all delivered as part of the service.
Our solution delivers the following features: |
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Automated servicing upload |
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Loan analyzer |
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Embedded configurable NPV test with cash flows |
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HAMP waterfall with target percentage overrides |
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Intuitive worksheets to capture income/assets/debt |
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Earned incentives screen |
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Fannie Mae reporting |
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HAMP document generation and tracking |
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Trial-period calculations |
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Escrow shortfall screen |
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Payment collection and reconciliation |
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Seamless third-party interfaces |
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Completely web-based |
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Self-service portal |
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