RR Compliance Consulting
(212) 470-1818

RR Compliance Consulting (212) 470-1818RR Compliance Consulting (212) 470-1818RR Compliance Consulting (212) 470-1818

RR Compliance Consulting
(212) 470-1818

RR Compliance Consulting (212) 470-1818RR Compliance Consulting (212) 470-1818RR Compliance Consulting (212) 470-1818
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LOAN MODIFICATION: STEP 3, CAN'T FIND INVESTOR.

 In practice, the next step would be to "TRY" to get a Remittance Report for the pool that the loan is in.  If the loan is in a publicly traded securitized trust, the report will give you many of the terms of modifications (please note eligibility requirements are not listed).  


Note, pools typically had thousands of loans with many modifiations or none at all, bottom line... it is a lot of data.  Instead of explaining here, below I listed a few of the critical data points that can be retrieved from Remittance Reports.  This gives you a basic understanding of the type of data you can get from Remittance Reports.    

EXAMPLE OF DATA AVAILABLE IN REMITTANCE REPORTS

  • Pre-Modification Principal and Interest Payment
  • Post-Modification Principal And Interest Payments
  • Amortization Post Modification
  • Change in payment, did it go up, did it go down
  • Pre-Modification Interest Rate
  • Post-Modification Interest Rate
  • Capitalized Amounts in Modification
  • MUCH MORE IS AVAILABLE

 If the loan is not in a publicly traded securitized trust, we have to rely on past experience with the Investor and/or Servicer. Our data on Servicer/Investor Modifications is as complete as any company or law firm in the country that we know of.

Our number one passion is to set Realistic Expectations for our clients.  And having the best data available is key.

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