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Generation of SX3's unique Professional
Loan Modification Proposal with one click!
One of the main objectives of our
Loan Modification and Short Sale software is to generate a professional looking, very complete
and convincing Loan Modification proposal. Once you enter the
necessary information like
mortgage
info and
financial statement
(current and proposed scenarios), the system can generate the
Loan Modification proposals for the 1st and 2nd Lenders showing
detailed aspects of the current and proposed situations.
The Loan Modification proposal
include:
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Current Vs proposed
mortgage information. |
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Current Vs proposed
financial situation, income, mortgage payments,
PITI and deductions. |
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Current market value
(CMV) analysis. |
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Cost of foreclosure
including:
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Est. months
in arrears. |
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Cost to
secure the Property. |
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Cost of
repairs. |
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Delinquent
taxes and liens. |
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Foreclosure price
and Est. Sales Price. |
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Est. Real Estate
commission. |
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Sales (loss)
proceeds to Lender. |
With the "unique" SX3 Loan Modification
and Short Sale Proposals you can
clearly and aggressively show the Lenders the benefits of
accepting a Loan Modification or Short Sale scenario favorable to your Client. |
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All the forms in the system can be
previewed, printed, exported to Adobe PDF or
sent by email or
eFax directly to the Lender!
Generation of SX3's unique
Short Sale Proposal with one click!
The same way you can easily generate
Loan Modification proposals (see above) you can also generate the
Short Sale / Short Payoff proposals. SX3's Short Sale proposal
shows at a glance the three different scenarios:
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Proceeds from a
would be REO Sale. |
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Proceeds from a
would be Auction Sale. |
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Proceeds from the
Proposed Short Sale. |
These three sections of the
proposal detail each scenario and show in a very
complete yet direct way that the best option is the
Proposed Short Sale.
The lender can easily note
all the deductions related to each scenario and what the
final amount of "Proceeds to Lender" will be, making a
positive statement towards a Short Sale Approval.
SX3 Loan Modification and
Short Sale software is provided with
predefined percentages that automatically calculate the
Estimated REO Price and Auction Offers (Administrators
can change the default percentages to better fit your
Market's conditions). |
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Detailed cost of repairs module.
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Control and flexibility are
key on a software product, this is why SX3 Loan
Modification and Short Sale software allows users to
enter detailed information about repairs needed on the
Real Estate Property of every Case. You can easily
access this module from the Analysis tab of the Short
Sale Case
detail screen. |
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Using the SX3 Loan Modification and
Short Sale Repairs module you can
enter as many repair-lines as required; these repairs are
summarized and automatically presented as part of the Loan Modification
and Short Sale proposals. You can also generate a repairs report
that can be emailed and eFaxed directly to the Lenders.
Complete management of Leads
(CRM ), don't lose track!
We have found that one of the main
problems that Loan Modification and Short Sale Companies are facing is the way
to originate (capture) more Leads. In many ways, this problem is caused by
a poor management of the inbound calls and follow up of
prospective clients.
With SX3 Loan Modification and Short
Sale software,
Sale Reps. can manage their leads very efficiently. As soon as
users log into the leads management window they identify those
leads that require a follow up action:
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Black: files in black do
not require immediate attention or follow up.
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Red:
files in red are due for follow up. Every time you schedule
a phone call or an appointment, SX3 Loan Modification and
Short Sale software will display it in red. When
the scheduled action is due, the system will change the
color of that lead automatically. By the end of the day,
supervisors should not see many red leads as Sale Reps. open
them and perform the follow up action, scheduling the next
call or meeting.
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Highlighted:
files close to their foreclosure date. In SX3 Loan
Modification and Short Sale software you can
specify the number of days prior to foreclosure so the
system can highlight those cases:
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The foreclosure date of Lead
A is Nov-15th.
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The foreclosure date of Lead
B is Nov-16th.
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If you configure SX3 Loan
Modification and Short Sale to
highlight cases with foreclosure date in the next 15
days and today is November 1st, only the case A will be
highlighted. On November 2nd, SX3 Loan Modification and
Short Sale softwaer will also highlight
Lead B.
Once you put this tool into action
you realize how fast an accurate you can control if your Sale
Reps. are doing their job.
Loan Modification Processing
Center Edition (Branch Offices Management).
This
function includes a complete set of features that
enables Loan Modification Companies who have
Processing Centers to create Remote Offices,
Branches or Independent Loan Modification Affiliates.
With the Processing Center Edition (PCE),
users can easily configure groups of documents
(templates) available "per Branch Office" which
allows the use of different Company names, contact
information, logos, etc.
If
your Company has Branch Offices or is processing
Loan Modifications or Short Sales for Referring
Companies, this set of features is ideal for you; it
offers all the features needed to manage your
distributed pipeline with enhanced data access
security and flexibility.
Users setup:
the User's setup screen
allows the Administrator to associate users to Branch Offices
and at the same time, each Branch Office may contain multiple
Users Groups, this offers the opportunity of controlling access
to cases by Group/Branch:
Visual representation of the Home
Affordable Mortgage Program HAMP
(Front and Back End DTIs).
After the announcement of the Home
Affordable Mortgage Program by the Administration of the President
Barack Obama, the calculation of Front-End and Back-End DTIs
became a key element in the Loan Modification and Short Sale process. SX3
Loan Modification and Short Sale offers the most advanced and convenient representation of the
PITI (Payment Interest Taxes and Insurance) and DTI (Debt to
Income). This presents a unique opportunity to visually
understand your Client's financial situation.
Another unique feature
offered in SX3 Loan Modification and Short Sale Software is the multi-scenario Financial
Statement. This feature allows you to enter your Client's
Actual financial situation, an additional resulting scenario after a
proposed Loan Modification and another resulting scenario after a
Short Sale; this tool allows you to present to your
Client the different options and visually appreciate how the
graphics change based on the values entered on the worksheet.
Control of negotiations and reporting for
audits.
SX3 Loan Modification and Short Sale
software provides a very complete, safe
and easy to use control of negotiations. Every time your
Negotiators contact a Lender, an Attorney or a Customer,
they are able to register notes, when the notes are saved SX3
stamps the time, date, the user who entered the note and the
type of note.
Notes entered in a Case cannot be
deleted or modified unless the user account has been authorized
to do so; this offers a high level of security in companies
where Branch Managers or other users are granted access to the
same Case.
Notes marked as "Borrower-Online"
are accessible from your Company's website via internet (SX3
Web Component required); your users can log into your
website with a user name and password that you specify and they
can get to see the progress of their case, balance, documents
presented or missing, notes and more,
additionally the template of the online form can be modified
using an HTML editor to include your logos and brand colors.
SX3 Loan Modification and Short Sale
software has several reports that
can be used to update your clients or can be presented to a regulatory
agency in case of an audit. These reports can be sent by eFax or
email directly from the application.
Scan/Import and manage your Clients'
documents directly into the application.
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Question #1:
What do you do when a Rep.
from a Bank or a Client calls with a question about a
case? Do you need to search through a file to find a
folder, then search for an specific document?
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Question #2:
Are you outsourcing your negotiation
services with individuals who work from out of your workplace?
How do you send them the docs every time you need to update a
file?
Question #3:
When you send a document by fax or
email to the Bank, do you need to stamp the Name of the Client
and the Loan number on each page?
Question #4:
Have you ever lost one of your
Client's docs?
With SX3 all you need to do is to
receive your Client's docs and scan them directly into the
database, you do not need to rename or move files from one
folder to another. Yes, SX3 allows you to scan the documents
with a simple click, recording the docs in the database and
adding a header (which can also be customized) with the name of
your Client, the property's address and the loan number, all
this with one single click.
Imagine receiving your
Client's Docs., scanning them and making them immediately
available for your Negotiator, this is effectiveness.
Imagine selecting the desired case
on screen and having everything in the same place!
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Scan multiple pages, |
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Classify docs per type (W2s,
Taxes, Bank statements, etc). |
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Go paperless, with a simple
click. |
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With SX3 you can focus on
the negotiations instead of worrying about folders and
making physical fotocopies. |
Paper driven
Companies are not efficient and unless you devote a great deal
of time auditing your Negotiators, it is almost impossible to
generate up to date reports.
Note: the scanner must use a TWAIN
driver. The TWAIN driver is the most popular driver available.
Email or eFax the entire Loan Modification
or Short Sale package "directly" to the Lenders!
Since you have the ability to scan
all the docs. directly into your SX3 Loan Modification and Short
Sale database, the entire case can be easily sent via email to
the Financial Institution.
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Insert macros in the subject
and body of the email with simple mouse clicks (like
Client's Name, Loan Number, Address, etc) which are
replaced with the information from the Client's file. |
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Specify multiple email
addresses. Emails are individually sent so none of the
recipients will see the addresses. |
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Select documents to attach. |
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Select letters to attach
(letters can also be automated with SX3). |
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Select contracts and
agreements to attach from your list of customizable
templates. |
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Click on "Send" and your
entire Loan Modification or Short Sale package is sent
via email to the Lender (or any other party). |
Control of appointments - Microsoft
Outlook interface*.
* Microsoft Outlook is
required.
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With SX3 Loan Modification
and Short Sale software you have the
convenience and easy-of-use of a real MS Windows based
Client-Server user interface; additionally to this, SX3
Loan Modification and Short Sale software synchronizes with Microsoft Outlook.
Every time you enter/modify
an appointment in SX3, if you select the option to
synchronize, it gets updated in your MS Outlook as well.
This way, you can keep everything updated, personal
and work appointments.
Visit our
Microsoft Outlook page
for more details about this feature. |
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Customize and automate your own Documents
& Agreements*.
* Microsoft Word required.
SX3 Loan Modification and Short Sale
is an applications that can be
adapted attending to your
own business needs. From the Docs and Agreements module you can
create as many customized document templates as needed (and in
multiple languages). In every document you can
insert the corresponding macros (tags) like [Client_Name] or [Loan_Number] which are replaced
with the correct information from the Client's file when the
documents are generated.
How does it work?
All you need to do is to edit your
actual docs in MS Word and insert (copy and paste) the
corresponding macros replacing the different fields like the name of the
Client with the [Client_Name].
As soon as you enter the Lead's
information in the system, all the contracts (Docs.) can be
automatically generated, populating (replacing) the macros'
content with the content from the open file.
SX3 Loan Modification and Short Sale
software is provided with a preloaded
list of documents related to the Loan Modification and Short
Sale industry but you can always create an unlimited number of
documents customized to your needs.
Accounts Receivable - Payments
scheduler - Payment receipts - Collection Reports.
SX3 Loan Modification Software and
Short Sale software allows you to
easily schedule multiple payments per case. All you need to do
is to specify the number of payments, dates and the amount of
each payment. The system will show you "on-screen" alerts as well
as reports of scheduled collections between dates with
parameters to filter the results.
Every time you receive a payment,
you can enter it in the application and it will generate the
receipt, with your Company's name and logo and
will update the database with the new balance. Easy,
convenient and secure. Only authorized users can
receive payments and print out payment receipts.
Accounts Payable - Control of
Agents - Control of different types of commissions.
SX3 Loan Modification and Short Sale
software is provided with a complete Agents control module that allows you to register multiple Agents.
With
the Agents control you can:
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Register multiple
Internal-External Agents. |
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Define a different
commission per Agent:
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John Bates receives
$350 per case. |
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Michael McDonald
receives $450 per case. |
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Christina Santiago
receives $480 per case. |
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Generate (printout) the
commission checks and control the balance of each Agent. |
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Allow the Agents to log into
the application to review the progress of "their"
referred cases. |
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Generate multiple reports
per Agent with multiple parameters to filter the result.
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Customizable Service Catalog with multiple
types of commissions.
SX3 Loan Modification Software is a
flexible open database application. We have developed
it in such a way that you can adapt it to the changes of your
business. In SX3 Loan Modification you can an unlimited number
of Services with their individual pricing:
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For every service you
define in your catalog you can specify a different
commission schema. |
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You can select multiple
services per case. |
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Service names can be
automatically inserted in the forms, contracts and
agreements. |
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You can generate reports
by type of service like "Open Loan Modifications",
"Short Sale by City or State". |
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If in the future you
need to create new services, you can do it yourself
or contact our tech support department. |
Multiple Loan Modification and
Short Sale Branches.
Based on your
own needs, you can create an unlimited number of Branch Offices
with detailed information:
Under each Branch you can register an unlimited
number of Users' Groups, which allows you to group
users and enable collaboration (see Processing
Center Edition above).
Multi users with detailed user rights and
data access specification.
SX3 Loan Modification Software's Network
Infrastructure allows Administrators of small, medium or large
Companies to not only oversee but to manage in detail what each
user can "access or do" through the system. Administrators can
grant/deny access to modules, functions and reports of
the program. This also allows Administrators to create
Loan Modification and Short Sale
Branch Offices and Users Groups per branch, Branch
Managers and Regular Users enabling "collaboration"
and limiting (if required) the access to cases.
Under each Loan Modification and
Short Sale Branch Office, when you create users groups you can
specify if a given user can access only his/her own documents or
if he/she can also access the cases of all those other users
members of his/her user group. You can also specify if a user
can access all the cases of a branch or all the branches. Some
other features include adding/editing/deleting payments from
Customers, payments to Referring Agents, Adding/Editing/Deleting
Service fees and much more.
The following
screen shows the different levels of access to cases. This
can be easily setup per User from the Users module. All Loan
Modification and Short Sale Companies must be able to control
the access to the registered cases, allowing the Administrator
to specify which users have access to more or less registered
cases.
The
SX3 Loan Modification and Short Sale Software allows
the Administrator to select from the following four
levels of access (see image above):
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Own Cases
only: the user can only see his/her own
cases. |
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Cases under
my Users Group: the user can see all the
cases of other users under his/her same
User's Group. |
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Cases
under my Branch Office: the user can see all
the cases of the users under his/her Branch. |
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All the
Cases: the user can see all the Loan
Modification and Short Sale cases registered
in the database, for all the Branch Offices. |
Document
Grouping by Branch/Office.
Whether you are processing Loan
Modification or Short Sales, you can have an unlimited number of
template documents in the system. The following
screen shows how document templates can be grouped by Loan
Modification Branch/Referring Office. This allows users to categorize
the documents
making them unique "per Branch", offering more control:
Automatic
Document Filtering.
Based on the Loan Modification Branch/Referring Office that each Case belongs to, the system
will automatically show only the documents associated to the
related Branch. Only Users that are General Managers or the
Administrator will be able to access documents of other Loan
Modification Branches/Referring Offices (or access all the documents). This enhanced document grouping and
automatic filtering allows Administrators to manage mid to large
size Companies more efficiently:
Manage Attorneys related to each case.
We understand the fast pace of the
Loan Modification and Short Sale business and how many States establish regulations that are shaping the way Companies work. One of the
most recent regulations is the need to involve an Attorney in
the Loan Modification process to represent the Client (Home Owner).
We
have added a set of features that allows the users to manage
this with ease.
Part of these features include:
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Catalog of Attorney Offices:
this feature allows the Administrator to register an unlimited
number of Attorney Offices an associate them to the
different cases in the system. |
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Case's notes by Attorney:
users can identify the negotiation notes as "Lender",
"Attorney" or "Home Owner" related. This offers the
opportunity to filter and list notes by Case and
Attorney as needed. |
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Online access to cases
per Attorneys: the Corporate Web Component (sold
separately) allows the Attorneys to access their
Loan Modification and Short Sale cases online. Attorneys
can see the list of their current cases and click to see
further details and related information. |
The following screen shows how you
can associate an Attorney to a Loan Modification or Short Sale case during the interview
process. Attorneys can be changed at any time during the process from the Leads
or Cases details window:
Closed cases archive - Statistics -
Reports.
When you are closing either a Loan
Modification or Short Sale case (you
reached an agreement with the financial institution), you can
enter values like new mortgage amount, new APR & new term (after
negotiation). Having on file the original values (prior to
negotiation) it is easy to generate statistic reports that are a
very efficient sales tool.
With statistic reports generated
from SX3 Loan Modification and Short Sale software you can show your prospective Customers how much money
you have saved to a given number of Clients in the last "n"
months. You can generate reports that show cases close under the
Home Affordable Modification Prorgam (HAMP) or thru other
Lenders.
These same reports can be used
during an audit by a regulatory agency to demonstrate the
effectiveness of your Company.
Allow your Customers to track their cases
online with SX3 Web Component.
If a Client calls in for an update,
how fast can you provide the information? What if the Negotiator
is not in the office, can you still provide the feedback required
by your Client?
With the flexible detailed reporting
features built in SX3 Loan Modification Software you can easily
find a case (using the on screen filtering) by name, address,
loan number or any telephone number, then all you need to do is
to open the case. All the information and notes about the
negotiations are available. Additionally to these features, we
also offer SX3 Web Component (sold separately) which allows your
customers to go online and using the user name and password that
you provide, they will be able to log in and check the progress
of their cases.
Automatic backup system.
It is not a matter of luck, it is a
matter of time. Your server's hard drive may stop working and if
something like this happens you must be prepared. When your
business relies on computer systems you must establish a
disaster recovery plan, this includes having an efficient backup
system in place.
We offer an efficient solution for
data backup 100% compatible with SX3 Loan Modification and Short
Sale software, please check our
SX3 Backup Utility for more details.
English and Spanish user's interface.
For 10 years the words
flexibility, scalability, easy of use and multilingual have
been key characteristics of our products. SX3 Loan Modification
and Short Sale is not the
exception; the users of our Loan Modification Software can setup
the user's interface in English or Spanish as desired with just
one click.
This convenient
feature is provided at no additional cost and can be selected
"per user", so John can use the system with the English user
interface while Victor may be using the system in Spanish.
Documents and agreements can also be
entered in the application in both languages.
New Financial Statement
functionality:
The new financial statement module
is more flexible and offers more customizable calculations.
Financial Statements are crucial in Loan Modification and Short
Sale cases.
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Select the lines part of
the Front and Back End DTIs. |
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Specify Borrower and "Spouse's" Income, Deductions
and Expenses in separate lines. |
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Option to Print/Email/eFax the
Financial Statement for:
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Borrower,
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Co-Borrower,
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Borrower & Co-Borrower
(consolidated). |
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Enter comments (notes) for every
line of the Financial Statement.
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Export statements to PDF.
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Select/Configure Printer from
the Financial Statement window.
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New Assets and Liabilities
functionality:
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Within the new module you can
now discriminate between Borrower and Co-Borrower's Assets
and Liabilities. |
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Option to Print/Email/eFax the
Assets and Liabilities report for:
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Borrower,
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Co-Borrower,
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Borrower & Co-Borrower
(consolidated). |
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Export report to PDF.
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Select/Configure Printer from
the Assets and Liabilities window.
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Tools window: Fannie Mae &
Freddie Mac Loan Lookup Websites
The "Tools" icon opens a new window
where you can list websites of your interest. This new window is
preloaded with the Fannie Mae and Freddie Mac Loan Lookup pages.
Within this page you can add/edit/delete websites as required.
The new "Tools" icon is available
from the Leads and Cases window; this section will be enhanced
with a collection of new features to make Loan Modification and
Short Sale processing easier!
Automation of Hardship Letters
/ Hardship macro:
A complete new tab has been added to
the Cases Detail window. This new sub-module allows the user to
manage financial hardship related information in one place.
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Users can type in the specific
causes of hardship or select them from a list.
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The list of predefined Causes of
Hardship can be fully customized.
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Users can insert macros in the
detailed (text) of each Cause of Hardship, these macros are
replaced with the corresponding information from the case.
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You can add/edit/delete Causes
of Hardship within the case's detail window (users don't
need to exit the case and go to the Catalogs menu).
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Actions taken to resolve
hardship / Actions macro:
This is part of the Hardship
sub-module; this new feature allows the user to specify the
actions taken by the Borrower as an attempt to mitigate their
hardship.
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Users can type in the specific
Actions taken or select them from a list.
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The list of predefined Actions
can be fully customized. |
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Users can insert macros in the
detailed (text) of each Action, these macros are replaced
with the corresponding information from the case.
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You can add/edit/delete Actions
within the case's detail window (users don't need to exit
the case and go to the Catalogs menu).
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Automation of Negotiation
Notes:
Now with a simple right click the
users can select from a list of predefined "negotiation notes"
and insert them into the negotiation screen. This list can be
fully customized and the users can also insert macros in the
text of each note. This new feature enables a more detailed
description of those notes that are repetitive.
Escrow Companies Catalog:
For Short Sale users, the new
version of the software allows you to maintain a database of Escrow
Companies which can be selected within the Short Sale tab of a
Case.
Leads and Cases
window / Sort by column / Maximize:
A wider and smarter browse screen
offers all the functionality that our users have requested. This
new screen allows the users to sort the data by any column
in ascending or descending order, filter data on the screen by
multiple fields and open records with a simple click. This
redesigned module is more flexible and offers access to
Leads/Cases with a cleaner and easier look. Users can also
maximize the screen to see more data per line.
New filtering option in Leads
and Cases window:
Another improvement added to the
Leads/Cases browse screen is the filtering option, we have
placed more filtering options in a separate window where you can
select with simple clicks the Entities related to the cases as
well as enter sample information; all these is considered in the
filtering option:
Easier to update:
Updates to your software will never
be easier than this; with the newest version of the software you
just need to open the "System Update" screen and click on
"Download":
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The system update module will
detect if there are users logged into the program, send them
3 automatic warning messages and finally log them out of the
application if they do not exit the software.
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The system update module will
also download the available updates (based on your account
status) and install these updates automatically for you, as
simple as "click and see it happen..."
Customizable macros:
Wondering how to add new macros to
your system to adapt it to Lender specific forms? The new
customizable macros feature allows the users to specify as
many questions, types of answers and macro names as needed. Now
users can add unlimited fields to the database and use them in
template forms.
Windows 7 compatible:
SX3 Loan Modification & Short Sale
Software v5.0 passed the tests in the new Windows 7. If you need
to deploy new hardware or simply want to upgrade your OS to
Windows 7, you can do it without problems.
Grow! Extremely powerful
database tested with 10 million cases.
After 10 years of experience
developing powerful database applications we understand that
advanced testing is a key factor to guarantee a robust database
solution that can deliver results under high demand scenarios.
We have tested our Loan Modification and Short Sale software
with an automatically generated database containing 10 million
records, a number that exceeds the transactional needs of Loan
Modification Companies of any size.
The benefits of
working with an established software company.
We rapidly became the standard
software for loan modification and short sale companies:
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We improve our applications
constantly with new features to adapt them to the
changes of the Loan Modification Industry adding forms,
reports and new features and control |
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We provide an excellent
tech support that is completely free for our
customers! |
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We offer a cutting edge
solution for this booming business. |
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We offer the very first
complete loan modification software ever created for
this segment of the Real Estate business. |
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We are a staffed Company
with a team of well trained professionals that provide
Class A technical support to our Clients. |
SX3 Loan Modification Software & Short Sale
Software is not an adaptation of an existing application or
a mortgage origination tool; we have put 10 years of
experience developing large scale databases for different
business types around the world to develop this solution from
scratch.
Call us today to schedule a
personalized live online demo of the SX3 Loan
Modification Software and Short Sale Software. We do not do webinars with
attendees from
multiple Companies, we do our demos person-to-person in private
sessions. Our knowledgeable Software Specialist will show you
the many ways SX3 Loan Modification & Short Sale software can
streamline the processing of your cases and the supervision of
your employees.
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