Which Loss Mitigation Company?? - Free Foreclosure Help - Loan Modification Help

rdc5000 · #1 (**permalink**) 09-20-2007, 03:09 PM

Hello, I've been looking at getting into Loss Mitigation and I will be doing this to help people in what could be their most frightening time. I will also be doing this to make a profit, I must be honest. My background is in debt settlement and found that it could be very rewarding when you only work with people that actually need the service. Much of my time was spent counseling people and convincing them not to try and settle their debt. Debt settlement is the can be the right choice for someone that is contemplating bankruptcy.

Anyway, to my question. I would like to start in Loss Mitigation and have found numerous companies that offer training and the back office of the actual negotiation with mortgage companies. I would like advice of which company is a real loss mitigation organization. I can talk with individuals/families about their situation and help them choose what's best for them and if it is loss mitigation, I HAVE TO KNOW that the company that I'm working with will do their best to negotiate their mortgage.

Any insights?

LossMitigation · #2 (**permalink**) 09-27-2007, 08:33 AM

Why do you need a back office if you can do the complete To view links in this forum your post count must be 10 or greater. Your post count is 0 momentarily. yourself. There is no need for a back office unless you are teaching half of what is needed and holding out on training. We will be offering a manual that will To view links in this forum your post count must be 10 or greater. Your post count is 0 momentarily..

kshabazz · #3 (**permalink**) 10-02-2007, 11:51 PM

Hello rdc5000. I am a consultant with FFPS. I have been with them for about 2 weeks now and I am very impressed with them. they have a high level of integrity, which is important to me, and they are very competent in what they do. I have submitted 2 cases so far and I'm pleased with the way in which they have treated my clients.

If you'd like to learn more about them please reply back to me and I can get you the website where you can get more info about the company.

I hope this helps

LossMitigation · #4 (**permalink**) 10-03-2007, 02:59 PM

I am tired about hearing submitting cases, you should be submitting cases to the lenders not to a company that is taking up to 60% of the money. That is integrity? Stick around and we will show the correct way to interface with lenders and get cases closed and keep 100% of profit. Whatever you do, do not get associated with US Loss... I speak to so many people that get ripped and ripped badly. So keep doing what you are doing and get ready for the product that will blow you away, total To view links in this forum your post count must be 10 or greater. Your post count is 0 momentarily. not half.

JoDee · #5 (**permalink**) 10-04-2007, 02:48 PM

I can't wait to learn more about all of this - I am soooo interested, and believe that I can do some real GOOD

Mike Dolan · #6 (**permalink**) 10-13-2007, 12:49 PM

You do not need back office. FFPS is just an MLM scam. They recruit for another company. Charge you $1500 or $2k for what? To make some phone calls and faxes. What you can't do that on your own? There is NO NEED to give away all the pie to do that, well unless you like giving away your money, then go right ahead.

Think about it here. You get the client, pkg it all and then hand your client you precured to soemnone else who gets a slice of every deal. Geez, thats a good MLM for them and NOT you. Hell, I'll do it for 30%. Send me your clients and money, Im gonna be RICH!

We are doing something right now that will blow them out of the water abnd is 110% ethical and honest and it will be no where near what they charge.

Please do not promote nor direct any member to that company. No more warnings. Thanks for your cooperation.

JoDee · #7 (**permalink**) 10-16-2007, 12:43 PM

so then - if you don't mind me asking - how do you structure the rest of your fees? does the homeowner pay them at closing or does the lender? can you tell me where your closing docs come from? I am looking to get into this and can't seem to get any real answers to my questions.... when you have a case and have worked through the mitigation, and the lender has accepted the offer of a repayment plan, how do you structure your fees into that? and then where do the docs come from for the repayment agreement? does this then go through the title company for closing like similar to a loan closing? I am both a paralegal and a loan officer - so I am totally confused here as I am trying to get into this... can you run me through a normal process please? I want to begin marketing this as soon as possible.... thanks