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Regions Mortgage Inc. Loan Modification

Regions Mortgage Inc. Loan Modification

Regions RMA Loan Modification Package Forms

Mortgage Assistance Form.

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Regions Modification Decline Review

Regions Modification Denied? What to do.

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Regions Mortgage Loan Servicing Modification

Mortgage Assistance Process

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Talk To A Specialist Who Knows How To Deal With A Regions Mortgage.

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Get Help With Your Regions Loan Modification

Talk To A Specialist Who Knows How To Deal With A Regions Mortgage.

Start Here

Regions Mortgage Loan Modification Process

Regions mortgage has a conventional process for Loan Modification very similar to the procedure of other companies:

  1. Process is initiated by a phone interview.
  2. Completion of Regions Request for Mortgage Assistance package and submition along with supporting documents and complete finances.
  3. A Property Valuation is Completed using a Broker’s Price Opinion (If, Applicable) – Often this is done via an automated valuation model (AVM)
  4. Terms of Modification Are Reviewed, Negotiated and Sent To Underwriting
  5. Lender Provides A Response

Regrettably, the loan modification process with Regions Mortgage is never easy. That is why we, Absolute Consultant Group (ACG) are here to support homeowners through the process. Often you will have to move back and forth with Regions Mortgage. It is very typical that you will have you submit the documents again and again. Often you will be faced with a problem that you will be transferred from department to department having you run around from Regions Mortgage Loan Modifiation Department to Regions’s Customer Service Department. Often clients come to us after submitting the wrong information on their application, getting denied, and not being able to figure out what happened. Our staff is available to review your paperwork and to help you step with the best foot forward. Call us at 888-934-3444.

Regions Mortgage Loan Modification Timeline

There is a lot of bureaucracy involved when you are dealing with a company like Regions Mortgage. The timeline of Regions Mortgage Loan Modification varies due to various reasons some of which are simple but some are not so simple. Here are a few of the reasons this question has such complicated answers.

  • For one, Regions Mortgage Inc is just a mortgage servicing company. This means that they service loans on someone’s else behalf known as an investor. As a servicer they have to abide by their PSA or Pooling and Servicing Agreement that they have with each investor. The investor may have allowed the company to make some decisions on its behalf but for the decisions that they are not allowed to make they have to get permission from the investor. Some investors such as Fannie Mae (FNMA) and Freddie Mac (FHLMC) have pulled almost all decision making authority from most servicers. As you can imagine the more parties invovled the longer it takes and the more someone like Regions’s Mortgage Department has their hands tied.
  • Another issue, The other thing that effects the loan modification timeline is the urgency, the business is based on first come first serve model untill you ask the question that whether you loan has a sale date? If it does, chances are you are going to get bumped up in the process. Servicers such as Regions Mortgage have homes going to sale just about all the time. Sales even set a week from today are not worked as urgently as you might want because of foreclosures pending going to auction between today, tomorrow and the next day. Remember this business is a first come first serve but it is also influenced by foreclosure status and proximity to the sale date.
  • Lastly, There is no one program that fits for all mortgage solutions. You often will be reviewed for a large number of programs. If you don’t qualify for the first modification type they will review you for the next one. In the banking world departments become very specialized in their  particular types of programs. Loan modification negotiators review only loan modifications and short sale negotiators only review short sales. The method is called the waterfall process and you will also find that often you are reviewed by different loan modification departments at each step of the waterfall.

Regions Mortgage Loan Modification Timeline Conclusion: Sorry to say but time frames vary greatly. Whether the decisions can be made in house or have to be sent out for appoval, whether you fit the first plan you are reviewed for or the 10th plan, along with factors outside the bank including but not limited to how fast they are able to get their property values back from valuation companies, how fast documents are received legibly on their end and much much more all effect how long it will take for your Regions Mortage Loan Modification to be reviewed.

If Your Regions Mortgage Modification Has Been Denied. It May Not Be Too Late

Final Expert Review

Dealing With A Regions Mortgage Loan Modification Decline

Often dealing with a Regions Loan Modification Decline can be confusing. Understanding the details of all the plans and how that conflicts with your information is key. Here at ACG we have dozens of points we review in order to understand why your Regions Mortgage loan modification was rejected. Have us review your declined modifcation for free by calling us at 888-934-3444.

Additional Regions Mortgage Contact Information

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Regions Mortgage Loan Modification Complaints

Regions is a large company and the rules are literally changing every day. There are a lot of departments and even more hands in the pot of each case that making it through the system can be a real drag. It doesn’t have to be though and that’s where we come in. Give us a call and see how we can help you with your loan modification. Call 888-934-3444.

Regions 1 Star Reviews

Regions 1 Star Review:

My family has been a loyal Regions customer most of our adult lives. Our checking, saving, house and land loans have all been with Regions. My son graduated med school and applied for the physician loan program to purchase a house. We have sent all required documents and now, the day before he is to close, we receive a call there is another document needed and we will not be able to close. Warning to anyone wanting to do business with Regions Mortgage. You will not close at the original time as they will not have their act together!!!

Linda, Cumming, GA

Regions 1 Star Review:

I wanted to refinance my mortgage, and Regions felt that it was ok to send my SSN and other private information via email. They are supposed to use a secure message portal or encrypted email for this type of information. I was assured that my information would be kept private. When I asked the person who was working on my mortgage why she sent it in regular email she told me their secure system was down, and that it was ok because she had been using email for years. I work in the email/IT Security field and it is NOT OK TO SEND THIS INFORMATION VIA EMAIL. DO NOT TRUST THEM WITH YOUR INFORMATION.

S, Citywide, AL

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Don't Be A 1 Star Review

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Regions 1 Star Review:

I had a mortgage with Regions for several years. It was the worst experience of my life. Their communication is completely lacking. Several times I tried to pay additional funds towards my mortgage, and every time, my checks were returned to me. Even if I would simply round my payment up to the next dollar, everything got returned because I didn’t pay the appropriate amount. This resulted a couple of times in a late payment. Also, as a medical resident trying to pay for a house, I did unfortunately have a few late payments. Regions sends out the standard paperwork, but does nothing to actually help you find other options. Every time you call them, you wait on hold, then talk to a different person who has to then put you on hold to review your mortgage. I received different information every time I called.

Melinda, Largo, FL

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ACG 5 Star Reviews

ACG 5 Star Review:

Tried modifying my mortgage loan on my own, twice actually, but no luck. Until I called ACG. [I] got my loan mod approved and all is well.

Michael, Woodland Hills, CA

ACG 5 Star Review:

We were struggling trying to get assistance in keeping our home for over a year when I was introduced to ACG Today both my homes are modified and our family has a chance for a fresh start.

Patricia, Porter Ranch, CA

ACG 5 Star Review:

I have worked with [the] team personally and professionally referring them many clients over the past few years. If you need help with a loan modification, short sale, or want to avoid foreclosure I highly suggest you use Absolute Consultant Group!

Daniel, Santa Clarita, CA

You Can't Chance Being A 1 Star Review.

ACG Specialist Here To Help Your Regions Mortgage.

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You Know You Can't Chance Being A 1 Star Review.

ACG Specialist Here To Help Your Regions Home Mortgage.

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Regions Mortgage Loan Modification Mortgage News

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Regions Mortgage Inc. Loan Modification


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