Why CLARIFIRE® for Extend Modification?
With the November 2017 announcement by Fannie Mae of a new modification program - Extend Modification for Disaster Relief - Mortgage Servicers must prepare to assist impacted borrowers, while also meeting compliance obligations.
Clarifire, with its workout decision engine, the CLARIFIRE CALCULATOR®, is one of the first to comply with this new announcement and provide you the ability to evaluate a borrower's eligibility for this new post-disaster forbearance mortgage loan modification. This complete loss mitigation solution also provides direct connectivity to Fannie Mae's Servicing Management Default Underwriter (SMDU™) for all workouts including Extend Mod and Flex Modification, coupled with end-to-end automated workflow.
Schedule a demo today and let us show you how the CLARIFIRE low-code workflow platform delivers full loss mitigation lifecycle workflow to our customers, including automated workload distribution, and business rules logic to mitigate the potential compliance risks with new regulatory processes.