Mortgage ReArranger

Step 1 – Decide to Save Your House:  Take action and contact us to see how we can help you with your current mortgage problem.

Step 2 – Free Consultation:  A Volunteer or Loan Consultant will explain our program in detail, collect client information and use in-house underwriting system to review client specific information and determine how much assistance we can provide.

Step 3 -Determine Pre-Qualification Status: NHC uses the same software model as Fannie Mae, Freddie Mac, the FDIC, as well as other major mortgage lenders to determine outcome probabilities. This ensures that we are able to help clients choose the best workout solution for your specific situation.

Step 4 - Initial Compliance Review. At this point, a compliance officer will review the clients file for accuracy and compliance.  This review ensures that the enrollment package will include complete and accurate information.

Step 5 – Enrollment package sent in: Once NHC receives the client enrollment package and documents, an appointment will be made with authorized FDIC or HUD Counselor to ensure that the file meets all government standards and compliance.

Step 6 –File Setup (Client Documents Received & Reviewed):  An NHC processing team will be assigned and will scrub the file to make sure that all information is prepared and correct in the system.

Step 7 - Analysis Package Ordered: NHC will order and generate a property specific liquidation report from Freddie Mac (The Freddie Mac report is the industry standard for lenders to verify property information), a RESPA Violations Report, a completed income/expense report, and government and lender specific analysis.

Step 8 - Lender Specific Package Processed: NHC will prepare lender specific forms and generate program specific prequalifications that will make it easy for your lender to understand.

Step 9 - NHC Binder Completed: The package is created and perfected. Copies will be generated for the clients records and another for lender submission. The file will also go through a final complaince audit which will leave no stone unturned. This will take the guesswork out of the lenders hands. Your packet will generally arrive within 24-48 hours from this point.

Step 10 – NHC Binder Shipped & Submited To Lender

Step 11 – Lender Review:  The process with a clients lender can move as quickly as 1 week or take as long as 65 days.  Typically, the average is 4 to 6 weeks to obtain a plan.  Client packages have the best chance of being completed first since NHC has already completed 99% of the work for the lender.