San Diego’s Veritus Funding’s Net Branching System helps with Loan Modifications

Nov. 24, 2008 - PRLog -- San Diego, CA -- Veritus Funding expands their Net Branch System and offers their services to licensed mortgage brokers and real estate sales agents in all of California. The service will be specific to those brokers and agents currently accepting advance fees for conducting Loan Modifications without a license.

The license, also known as an Advance Fee Agreement, is issued by the Department of Real Estate in California. It protects borrowers and lenders from alleged and unprincipled former loan brokers who have become Loan Modification specialists and are requesting advance fees to mediate in restructuring current mortgage repayment programs without said license. With the exception of attorneys who have experience in this area of business, it is illegal in the state of California to accept an advance fee for Loan Modification.

“Each Net Branch will have access to our virtual office,” states Mark Brough, President of Veritus Funding in San Diego, CA, “and they will have the ability to participate in our advanced marketing program,” he adds. “We are definitely excited about offering our services to further aid in the recovery of the house crisis in California.”

The number of homeowners caught up in the foreclosure crisis reached over 760,000 and by the end of the year it is estimated that one-third of all properties for sale in the United States will be on the market for that same reason.

For more information on Veritus Funding’s Net Branch services call 1 (888) 563-5275, or contact them at netbranch@veritusfunding.com

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