Tag Archives: The Loan Post

The Loan Post, Inc. has introduced a new do-it-yourself private label short sales system. ShortSales360 produces e-signature-ready documents for the federal Home Affordable Foreclosures Alternatives (HAFA) short sale initiative. It also calculates 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 Federal Trade Commission (FTC) will enact a ban on advance fees charged for loan modification and mortgage assistance rescue services starting January 31, to prevent providers of such services from collecting upfront fees from homeowners without successfully securing a loan modification. The new rule, however, exempts fees charged in advance for loan modification products, such as software systems that produce modification documentation like the technology offered by loss mitigation software provider the Loan Post, Inc.