2 Paths for Most Common Client Needs

Path 1: MLO DIY (Do It Yourself) Solutions and Path 2: Refer to HomePrep with HUD Counselor

Most Common Client Needs Path 1: MLO DIY (Do It Yourself) Path 2: Refer to HomePrep with HUD Counselor
1. Student Loan Repayment Plans & Default Resolution a. Student Debt Solutions b. LoanSense c. SAVI Work-up w/HUD Counselor a. Student Debt Solutions (SDS) b. SAVI
2. a. Credit Help: Short Term (0 to 6 mos) NOT CREDIT REPAIR Credit: Short Term using: a. CreditXpert b. Score Navigator c. Meridian Link d. Short-sale credit correction through FNMA AUS. Credit: Short Term workup w/HUD counselor using: a. CreditXpert b. Score Navigator c. Meridian Link
2. b. Credit Help: Long Term (7mos to 5 yrs) NOT CREDIT REPAIR Not Available Credit: Long Term workup w/HUD counselor a. Debt Management (versus Debt Settlement)
3. Down Payment Assistance (Downpaymentresource.com) Downpaymentresource.com using: a. Down Payment Connect workup w/HUD counselor using: a. Down Payment Connect
4. Budgeting Not Available HUD Counselor
5. Homebuyer Education Class (HBE) MLO’s can: a. refer to HBE (HBE) provided by HUD counselors
6. Freddie Mac Automated Underwriting System (AUS) Submission with Soft Credit Freddie Mac & Fannie Mae AUS Submission *w/soft credit for MLO’s who have this through Credit Reporting Agency. Freddie Mac AUS Submission w/soft credit allowed for HUD counselors
7. Post-Mortgage Follow-Up w/HUD Counselor for 6 mo's Not Available Only in HomePrep: Post-Mortgage Follow-Up with HUD Counselor for 6 mo’s