REST Report mortgage modification software upgrade to handle huge increase in submissions

Nov. 29, 2010 - PRLog -- The REST Report uses bank software to calculate all the numbers necessary to evaluate the best solution to a distressed mortgage. Ultimately the Net Present Value is calculated as the bottom line figure needed to recommend either mortgage modification or short sale to both the distressed homeowner and mortgage investor. Net Present Value is an industry and court recognized calculation so as to be indisputable in foreclosure court. The ineptitude of the nation's mortgage servicers all too often results in foreclosure or even deed in lieu of foreclosure that only benefits the mortgage servicer.

The REST Report enables the distressed homeowner to prevent foreclosure in court so as to ensure good faith negotiations with the mortgage servicer and mortgage investor(s). The courts and mortgage investors recognize that neither homeowner nor mortgage investor benefits from foreclosure.

From the owner of the REST Report:

"In preparation for the new HAMP NPV 4.0, the Real Estate Services and Technology (REST) Reporting System (the internet-based application for providing loan and property analytics and reports) has been upgraded to version 3.5, which is scheduled for release following the Thanksgiving holiday.  

The system has been upgraded to utilize many of Microsoft's latest .net and SQL server technologies for developing and delivering large scale internet-based enterprise software applications.  The upgraded platform enhances the batch decisioning capabilities to enable loading and decisioning a large numbers of files even faster than before."

HAMP 4.0 will include calculations for the new Principal Reduction Assistance, or PRA, guidelines for the Home Affordable Mortgage Plan that allow for mortgage principal reduction for significantly underwater mortgages. This waterfall test will allow for principal reduction after all other values are calculated and considered.

I am a proud vendor of the REST Report. I also have a magnificent hardship letter template that is proven to melt the heart of the most cold-blooded mortgage underwriter to ever live.

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This blog researches the convoluted and mis-reported distressed mortgage industry.

Currently, the only efficient way to negotiate your mortgage is to get the REST Report. This foreclosure court-sanctioned software calculates the Net Present Value of your home and tells your mortgage investor whether to modify or short sale. I am a proud vendor of the REST Report. The results in foreclosure court have been spectacular.