Loan Modifications are the New Boom in the Mortgage Industry

Dec. 3, 2008 - PRLog -- There's a new Boom in the mortgage industry and it's coming in the form of loan modifications! Loan originators have been hit hard over the past couple of years as a result of the mortgage industry collapse. It didn't look as if mortgage professionals would ever get back to earning a living in the business and most that have lost their jobs have started positions in other industries. But now, many of them have started again earning a great income in the mortgage indistry, and their not doing mortgages.

Most mortgage professionals have started working for themselves doing loan modifications and are again earning a great income doing it.

What is a loan modification?
A loan modification is exactly that, it's a modification on their existing mortgage. A loan modification would allow a homeowner to receive a lower rate, extend their mortgage term, roll their back payments onto their existing loan and may even forgive any late fees and penalties.

Loan modifications are a great way for mortgage professionals to get back to the income they were once accustomed to. Not only that, but they'll be helping the millions of homeowners around the Country that are in desperate need for a loan modification.

Loan modifications are so new that most homeowners aren't even aware of them along with many industry professionals. The mortgage professionals that are aware of it are experiencing income even higher than when the refi boom was going on and many are considering this the new mortgage boom! Who said the Boom is over in the mortgage industry?

The only challenge most mortgage professionals are experiencing is the lack of loan modification leads which is why www.MortgageDirectMail.com has now made their complete loan modification system available to the general public on their website.

The demand was so high that they ran out of product and couldn't keep up with the orders and had to suspend sales for a few months, so you better act quickly if you need loan modification direct mail leads.

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Sales & Marketing Organization specializing in the Mortgage Industry. Oliver Maldonado is the Nations #1 Mortgage Sales & Marketing Guru.