In Business Since: 2008
Comments: Home Loan Preservation works with individuals and a lender to find solutions. Home Loan Preservation acts as an individuals advocate, which means working with their partners, Loss Mitigation Legal Network, who understands loans, lenders, and most importantly, a clients specific situation. They sort through all of the technicalities and legalities. Along with their contacts, industry knowledge and their partner, Loss Mitigation Legal Network, they work with lenders to modify a loan to create a long-term solution.
Loan modification takes an existing loan and creates long-term solutions to enable people to meet the terms in times of hardship. If people are unable to make their loan payments due to financial setbacks or temporary problems, Home Loan Preservation partners with Loss Mitigation Legal Network who negotiates with lenders to identify and find new terms. They work with the home owner and their lender to modify their loan into something that everyone is happy with—keeping it out of foreclosure.
They give clients access to a web site where they can check the status of their modification.
The cost of the service varies depending of loan amount, number of loans and other factors. The average cost to the home owner currently ranges from $3,000 - $3,995. If the company can not achieve a loan modification, they will refund %100 of your money.
Home Loan Preservation offers two tiers of membership. The first is for an Agent at $69 per month, and the second isat a Business Center level at $250 per month, with a one time $1,100 membership fee.
You can become an Affiliate or Agent which includes:
Free Training and Support:
All the info you need to get your business off the ground in one easy to use place. We also provide conference calls, webinars, and live phone support to all affiliates.
Online Marketing & Management Tools:
A management dashboard with your own
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email address, email marketing and prospect management tools, online loan mod processing, and a toll-free phone number.
Personal HomeLoanPreservation.com/YourName Marketing Website:
Your own HomeLoanPreservation.com website that you can customize, put on your business cards, and use for credibility and marketing to prospects.
Home Loan Preservation Business Center Back-Office:
Includes the essential tools to manage your business in one simple solution. Combines online prospect manager, universal notifications and messages inbox, planner and reminders, tasking, document manager and team sharing.
You can become a Business-Center which includes:
Turn-key Lead Programs:
Get high-quality real-time leads loaded automatically into your Home Loan Preservation Contact Manager and eliminate time-wasting manual data entry.
Home Loan Preservation Training & Events Dashboard:
The complete training and events resource center accessible online 24/7.
Personal Home Loan Preservation Branded Email Address:
Use your Home Loan Preservation email address to project the professionalism and credibility your prospects expect. No more AOL, Hotmail, or Yahoo addresses for business communications.
Home Loan Preservation Business Center Back-Office:
Includes the essential tools to manage your business in one simple solution. Combines online prospect manager, universal notifications and messages inbox, planner and reminders, tasking, document manager and team sharing.
Advantages: Right now there are so many people who need this service. The money is fully refundable if the client can’t get a loan modification.
Disadvantages: The opportunity is commissioned based with no ongoing revenue opportunities. This is dependent on the current economy and can change at any time. You can also get the same service provided by Pre-Paid Legal service if you are willing to take on more of the responsibilites for much less money. Call for customer service or register for the Family Service Plan.
Entities:
Transferable Saleable Willable Structure as Corporation Entity
Yes Yes Yes Yes
Financial Strength: Undetermined
Management: Undetermined
Field Training & Support: Good
Motivational Support: Undetermined
Products/Services: Loan Modification such as – lowering of interest rate, lowering of monthly payment, defer part of loan to later date and other proactive approaches and alternatives to foreclosure or bankruptcy.
To begin the process, home loan modification experts will come to you. They’ll help you gather all of the necessary information to put together a comprehensive analysis. This will identify your particular hardships and financial obligations, and will allow them to determine whether or not you are a good candidate for loan modification.
As an agent you will direct them to a site and work with them to get all of the information required and put together the necessary components to present to the lender. Some of the elements include:
• A financial prospectus workout
• A letter of hardship
• A cost-benefit analysis for the lender
• A financial analysis
• A current Comparative Market Analysis of your property
• Two loan restructuring proposals
Compensation Plan: The Company gives 50% to the business center which is then shared with an Agent. The person we worked with in this review takes 1/3 of the commission and shares 2/3’s of the commission with his agent.
As a Business Center you are paid a commission on all successful loan modifications and any within Business Centers one level below you.
Health Insurance Plan Available: None
Territories: USA
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