| 摘要 |
“The web-based home-loan modification assessment system prepares a detailed financial statement of borrower's income and expenses that the lender uses in determining whether or not to modify the borrower's mortgage agreement. The website is designed to streamline the information gathering process. The data input device can be a keypad, a pda, or a phone. The borrower answers questions about his current financial status. Once submitted, the personal data is organized into a request form for a loan modification. The processor determines the amount that the borrower is able to afford using either a front end debt-to-income ratio, or back end debt-to-income ratio. The net present value of the real property is then calculated. The request form is then submitted to the borrower for review and approval in real time. If the calculations support modifying the mortgage agreement, the information is submitted to the lender for consideration.”
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