1. Loss Mitigation Help is Here™ Jeremy Fraley GCS Account Executive (800) 972-3595 jfraley@earnlink.net

2. What is Loss Mitigation Loss mitigation is an Attorney backed process that may include: Loan modification (can include all or one of these modifications) -Rate reduction -Rate locks -Principal reduction -Forgiveness of late defaulted payments -Principal reduction with the opportunity to refinance Jeremy Fraley GCS Account Executive (800) 972-3595 jfraley@earnlink.net

3. What is Loss Mitigation A Short Refinance The lender issuing the client a payoff shorter than the amount due, in order to allow the client to refinance out of the current situation. Typically with different lender. Jeremy Fraley GCS Account Executive (800) 972-3595 jfraley@earnlink.net

4. What is Loss Mitigation A Short Sale is: The lender allowing the client to sell the property for pay off amount shorter than the actual amount due. In order to help the client out of a bad situation. The process is this; The property is listed by a Real estate agent Any fully executed purchase offer is negotiated by the Attorneys with the lender. Jeremy Fraley GCS Account Executive (800) 972-3595 jfraley@earnlink.net

5. What is Loss Mitigation A deed in lieu of foreclosure is; A potential option negotiated by the attorneys taken by a client to avoid foreclosure under which the client deeds the home back to the lender in exchange for the release of all obligations under the mortgage. Both sides must enter into the agreement voluntarily and in good faith. Jeremy Fraley GCS Account Executive (800) 972-3595 jfraley@earnlink.net

6. What is Loss Mitigation Cash for Keys is; The lender issuing cash to the client typically after a deed in lieu scenario in exchange for the keys to the home in good standing and or broom clean. Cash-for-keys helps lender, saving them thousands on costs to evict and clean up . Jeremy Fraley GCS Account Executive (800) 972-3595 jfraley@earnlink.net

7. Why You Should Care The mortgage business has fundamentally changed Loss Mitigation is a part of this change It's one of the only sectors of the market that is actually growing Jeremy Fraley GCS Account Executive (800) 972-3595 jfraley@earnlink.net

8. Why You Should Care Increases your monthly profit This new revenue stream doesn't come with new costs Turns worthless leads into cold, hard cash Helps clients you would otherwise turn away Jeremy Fraley GCS Account Executive (800) 972-3595 jfraley@earnlink.net

9. Why You Should Care Simple Process: Identity Potential Candidate Fill Out Referral Application Sell The loss Mitigation Package Make Money…. Again! Jeremy Fraley GCS Account Executive (800) 972-3595 jfraley@earnlink.net

10. How to Identify a Candidate Unable to refinance due to high LTV, loss of equity Unable to refinance due to lack of positive credit or late mortgage payments Rate currently adjusting Jeremy Fraley GCS Account Executive (800) 972-3595 jfraley@earnlink.net

11. How to Identify a Candidate Rate going to adjust 5. Financial hardship 6. Client has no other means of rectifying financial situation except by mitigating loss of home. ( if client knows he does not budget at all to keep home through modification, understands short-sale or possible deed in lieu of foreclosure in order to minimize overall loss ) Jeremy Fraley GCS Account Executive (800) 972-3595 jfraley@earnlink.net

12. Document Check List All loss mitigation packages must include: (Minimum required to get a file to attorney is charge fee’s and steps 1-4 listed above.) a. Complete Application (12 pages) b. Borrower and Co-borrower last two pay stubs c. Borrower and Co-borrower last two tax returns d. Last two months bank statements e. Copies of any and all household bills Jeremy Fraley GCS Account Executive (800) 972-3595 jfraley@earnlink.net

13. Info and Resources Help is Here™ Jeremy Fraley GCS Account Executive (800) 972-3595 [email_address]