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""The Loan Post, Inc."":http://www.TheModPost.com, a provider of loss mitigation and short sales solutions based in Miami, has introduced a new do-it-yourself private label short sales system.
[IMAGE] ""ShortSales360"":http://www.ShortSales360.com produces e-signature-ready documents for the federal Home Affordable Foreclosures Alternatives (HAFA) short sale initiative.""Mortgage loss mitigation trends are pointing to more short sales as the fastest path to housing market recovery over the next two years,"" said Chris Fuelling, CEO of the Loan Post.
Fuelling continued, ""In the race to put together HAFA and bank short sale packages, the Loan Post's new ShortSales-
[COLUMN_BREAK]360 is the only software system that offers e-signature capability to expedite the short sales process. Borrowers can even draw their own signature inside any web browser. Nobody else has it.""
ShortSales360 targets real estate brokers and agents, servicers and sub-servicers, non-profit mortgage counselors, attorneys, and investors.
In addition to managing the short sales process for distressed homeowners, the platform helps direct third-party vendor relationships for legal, title, and appraisal services as well as REO property management.
Real estate brokers can use ShortSales 360 to perform a HAFA analysis to see if a borrower qualifies for the program.
If the borrower qualifies, the system automatically generates a bank-ready HAFA package with e-signature capability.
ShortSales360 can auto calculate probable lender losses if a foreclosure is executed and the net investor benefit in a short sale transaction, so lenders and investors can determine if a short sale makes financial sense.
The system is available as part of the loss mitigation Web-based platform from ""TheModPost"":http://www.TheModPost.com, a division of the Loan Post, Inc.
