American Loss Mitigation Consortium

[Becca/FL]

a/k/a American Loss Mitigation Agency a/k/a ALMA

Has anyone here completed their training program? Care to share your thoughts on this company?

[LossMitigation]

It is not training it is sales, get your deals into our office and we will lose the house for you. That is how it works. To view links in this forum your post count must be 10 or greater. Your post count is 0 momentarily. A-Z then you get full support of the product. Do not buy into a company that the materials are old and teach you that banks do not want to work with homeowners. To view links in this forum your post count must be 10 or greater. Your post count is 0 momentarily. and run your own shop

[rdc5000]

I don't know about this company. I've heard some good things but now I'm beginning to wonder. Others have said how good they are in taking care of clients but I can't even get them to return a phone call. How would a client that you referred to them feel if they could not get a return call. Also it takes 10-12 rings for them to answer the phone. Sounds pretty under staffed. To me this is a tell tell sign of how they operate and I would not have anything to do with them.

[LegalLM]

I thought I should post something in response to the phone support I have received, since joining American Loss Mitigation Consortium. It has always been good and I never found the phone to ring 10 times, if it the lines were busy, and the phone rang over 6 times it went to voice mail and I always got a return call. As I mentioned in a previous post I have had nothing but the best experience with this company and its staff. Here is what I posted on my previous post:


Little about myself, I am a real-Estate broker of 17 years, I am married to a wonderful wife and I have 3 children and I was searching for away to help a number of homeowners that had fallen behind on their mortgage payments. I was discussing my clients problems with a banker friend that suggested I check out a company called American Loss Mitigation Consortium, more specifically a man named Dan Schultz on the subject of Loss Mitigation help for my clients and the training to become a loss mitigation counselor. I researched the subject of loss mitigation and was very interested and it was what my clients needed. I wanted to be trained by the best; I have a family to support and could not gamble with an opportunity gimmick or a MLM type of thing. I joined American Loss Mitigation Consortium, I did investigate a number of other training groups, but none have anywhere the experience or level knowledge and most charged large cost to join and just did not have the staff that made any sense to what type of support they claimed. I have been now doing loss mitigation for about 1 year, and want to share my experience with American Loss Mitigation Consortium. I outsource about 18 cases a month, and every case has been handled with the highest level of professionalism and care to my clients. The training I received and the ongoing support and continuing training is in my opinion the best in the industry. I did check Mr. Schultz's company out and it has been doing loss mitigation and training for over 22 years, and this was the reason I choose his operation over others and one of the most important reasons was his knowledge of loss mitigation compared to the others. His training is more administration law as it relates to foreclosure defense. They only allow professionals like me to join; I liked this because it separates us from the less sophisticated operations out there, which are taking advantage of homeowners. I get to deal with my clients and his operation does all the underwriting and dealing with the lenders and agencies and reports directly with my operation, so I am up to date at all times. I have been very impressed and plan on continuing my relationship with Mr. Schultz and American Loss Mitigation Consortium. The site I joined up at was:

I hope this helps anyone looking to start a loss mitigation practice.

Best of luck to all...

Rick Carrara, Rtly Broker

[LossMitigation]

not knocking any of these companies that offer to work your cases, works for many. If you really want to learn the business I think 877YouKeep will have a good program. I have seen a rough draft and it looks good. You can now do Loss Mitigation with them and not pay someone and depend on someone to do your work.

[JoDee]

are you guys close to having this thing done? I think that is the problem here - everyone wants to get in this so bad they can taste the blood - there is help needed now (for both members and home owners (first) - and while we wait - I think I can speak for a lot of members - we want to follow with the manual you will be offering - you are doing an awesome job of marketing it and making us hungry for it - but I think that there are so many that need to start as soon as possible - maybe not only as a money maker - but the need is so prevalent in certain areas - that it is something has to be taken advantage of - I know fine wine becomes better with age - we're thirsty

[877YouKeep]

JoDee, the analogy tasting blood does not seem appropriate, but for each his/her own. We should barring any set backs have the manual available November 1st and roll it out that week.

This will be a great opportunity for brokers and agents to help homeowners while building homeowners trust and pipeline for future business. We urge you to do the right thing and business will follow. You can charge any fee but remember if you are a real estate professional you are trying to build your client base for future refi's and listings.

[JoDee]

Please excuse the "tasting blood" analogy - that was totally meaning the fact that the economy is starving right now - and if there is a need for this, and you feel that you can honestly help here, but now is the time, then that is when the time is right, if the timing is right - you feel the reward as well... I totally understand what you are talking about and again I apologize for that... but in the same - you obviously understand the urgency. Can I ask you this? - is the manual truly going to be about the same cost as other manuals or will it truly be easy to afford as iterated by Mike Dolan in an earlier post...

[877YouKeep]

To view links in this forum your post count must be 10 or greater. Your post count is 0 momentarily. is still being talked about. Just as an FYI our manual will be about workouts (saving homes) and not liquidation (short sales). We will be working with a few companies to try to get discounts on short sale training to give you a complete foreclosure system.

We are in discussions about offering our manual plus a forum similar to this but for subscribers only that will be support and discussions about loss mitigation, and a website per investor that is guaranteed Google placement for lead generating. What is that worth to you? the best workout manual, fully supported and a website to drive leads. The website will is totally run by us and we take care of everything except the content (text) and we will coach you on what to say. Look at the site To view links in this forum your post count must be 10 or greater. Your post count is 0 momentarily. . I am in the process of building more templates to give you a choice of the look. You will also have the option to use the 877youkeep template.

[USHomeSaver]

I agree. There is a huge need for good, honest and qualified third party loss mitigators and short sale specialists. Most of these loss mitigation and short sale training websites are geared to selling training courses more so than actually training people to actually operate a loss mitigation practice.

They virtually all tout or oversell the money making opportuniities and they totally leave out the fact that loss mitigation is hard work. Getting poor people who can't or don't pay their bills to pay you is a tough sale. Remember, most of our clients have sub prime loans for a reason. Working with a mortgage industry that has totally lost it's way and changes course every day is exasperating at worst and challenging at best.

This is not a sour grapes posting. I do operate a third party loss mitigation company and I do offer loss mitigation and short sale training exclusively to real estate professionals; preferably, real estate brokers. Finding good, honest and qualified candidates for my loss mitigation networks is challenging too.

Loss mitigation is not a business you can learn out of a book or on a website. I bought Dan Schultz's brother's loss mitigation training manual about four years ago for $400 or $500 and it was a joke. Stan Schultz even tried to rip our very first loss mitigation customer for $2,500. Yes, the file is still in storage. I sometimes wonder if Dan and Stan are one and the same. I certainly hope not.

Honestly, if you don't have a strong sales, real estate and mortgage background, I would not recommend loss mitigation as a career path to anyone unless you are willing to make the time and financial investment to learn loss mitigation from the ground up. It is too specialized a field for the general public - in my humble opinion.

You can even hurt the people you are trying to help if you don't know what you are doing or buy into some of the utter BS being sold to investors and newbies looking to get into this specialized niche.

In closing, I would say any program that actually "teaches" you loss mitigation and, subsequently, short sales, is better than nothing and is a good investment as long as you don't pay too much. Getting a return on that investment can take a lot of time. In fact, 80% of the people who buy Guru programs give up within three months because they were NOT told how mentally, emotionally and physically hard the work is. On the other hand, if you can make it work, it is a rewarding field.

Peace.