Loan Modification
Loan modification is a viable solution for borrowers facing default and foreclosure. Lenders benefit from loan modification by keeping the loan, avoiding the risk of borrowers refinancing with a competitor, and minimizing the severe costs of default and foreclosure. As a lender, processing loan modifications efficiently and quickly is crucial for you and your borrowers.
Boost your loan modification process
eLynx offers a complete loan modification solution which integrates easily with your loan modification processes. The entire loan modification process can be completed securely over the Internet — in minutes — without relying on expensive and error-prone paper processing. You and your borrowers can make an adjustment in loan terms quickly, securely, and conveniently without errors.
The eLynx loan modification solution enables you to:
- Complete more loan modifications with fast online processing.
- Scale to meet demand with reduced paper handling.
- See results immediately by going live quickly.
Fully integrated solution
The eLynx loan modification solution incorporates the eLynx expedite eDelivery, paperless fax and eSignature solutions for a complete electronic mortgage processing. A fully integrated paper fulfillment option is available for borrowers who prefer paper at any time in the process. As a result, borrowers will be able to modify the terms of their loan from any location with an Internet connection, and borrowers without Internet access can request a paper copy be mailed to them.