DMS Modernizes the Lending Process: An MHA Solution
DMS is a company that specializes in helping homeowners modify their mortgage payments. DMS has been working with Making Homes Affordable (MHA) for over six years to help homeowners stay in their homes. DMS helps MHA by streamlining the process, making it easier and less strenuous for both DMS and MHA staff members alike. The process could be made much easier by using quality document management , which would also allow banks to maintain all their customer files in a centralized location. Here are four ways that DMS can make loan modifications easier for banks and customers. How DMS Makes Loan Modifications Easy The MHA program requires paperwork to update outside of the lender. MHA requires homeowners to fulfill certain requirements, such as providing monthly bank statements and pay stubs. These documents expire at different intervals of time. The process of applying for a modification is tedious and tiring, requiring long hours of paperwork and expensive visits to the b...