Caliber Home Loans Inc. Loan Modification

Get Help With Your Caliber Loan Modification

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

Get Help With Your Caliber Loan Modification

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

Caliber Mortgage Loan Modification Process

Caliber Home Loans Modification process is very much similar to the modification process of other companies. The process is further explained below:

  1. Interview By Phone Like other companies the loan modification process starts with a phone interview with the agent from customer servicing department.
  2. Package Submission After the phone interview the second step is to completely fill out the loan modification package which is called Request for Mortgage Assistance forms (RMA) form.
  3. BPO  (Broker’s Price Opinion) Sometimes it is necessary to obtain a valuation of the property for this a Broker’s price opinion is obtained. Sometimes Automatic valuation model is used for this purpose.
  1. Negotiations The new terms are negotiated which are the most suitable for the both parties and are sent to underwriting for approval.
  2. Modification Approval/Decline The servicer responds on behalf of the client about the approval or decline of the modification application.

From the above steps the process looks very simple but we are sorry to say it is never this easy. We Absolute Consultant Group (ACG) are a company that support the homeowners through the loan modification process. During the modification process the company giving the customers the runaround is normal. Sometimes the same documents are requested by the company again and again. The departments often give the customers a run around between different departments. The Caliber Mortgage Services loan modification department often transfers the customers to the servicing department and it sends them back to the loan modification department. It is much better to come to our staff rather than submitting the wrong information, getting denied or not being able to figure out what to do and can save you a lot of trouble. Our staff is available to review your paperwork and to help you step with the best foot forward. Call us at 888-934-3444.

Caliber Loan Modification Timeline

A lot of bureaucracy is involved in a company like Caliber. Due to this the timeline of Caliber loan modification varies due to reasons that sometimes are very straight but sometimes they are very complicated. Here are a few reasons why the answers to this question are such complicated.

For one, Caliber is only a loan servicing company and they represent debt on the investor’s behalf. This hugely effects the decision taking capabilty of Caliber Home Loans. As a home loan servicing company they follow the Pooling and Servicing Agreement (PSA), This serves like an agreement between all institutions. The company is allowed to take a few of the decisions on behalf of the investor but not all the decisions. This means that they have to get permision from the investor for every loan modification that they want to make. Certain investors take the process of making decision and do it themselves. In this kind of regulated business the more hands involved the longer it takes in processing leaving Caliber’s hands tied.

Another issue, The timeline depends on the priority of the application. The company prioritizes the applications that are received first. The company mostly works on the first come first serve basis but it also depends on if you have a foreclosure date that is very near in the future. If you have a foreclosure date that is near in the future then it is likely that your application will be pushed to the front of the line and considered sooner for the mortgage assistance. It must be kept in mind that the institutions like Caliber have foreclosure dates for almost every day. Due to this the process does not go forward as quickly as you want it to.

  • Lastly, All mortgages are not created equal. There are a large number of mortgage programs each having different terms and regulations about how they will modify your loan. Usually, if the client does not qualify for the first program they are tried for the next one. This process goes on untill they find the mortgage solution that works. Departments are very specialized due to these conditions so many times different representatives handle different parts of the review.

Caliber’s Home Mortgage Loan Modification Timeline Conclusion: While we would like to give an exact modification timeline to our valued customers but it varies greatly customer to customer. It depends on whether the servicer can take the decision themselve or they have to send it to the investor for approval. It depends on whether you fit the first program you are reviewed for or the 10th or 11th. It also depends on the factors from outside the bank such as how fast they can get the valuation on the property and how fast they receive the legible documents.

If Your Caliber Loan Modification Has Been Denied. It May Not Be Too Late

Dealing With A Caliber Loan Modification Decline

Have you been declined by Caliber? Has Caliber denied your request for Home Loan Modification. The 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 Caliber Mortgage loan modification was rejected. Have us review your declined modifcation for free by calling us at 888-934-3444.

Additional Caliber Mortgage Contact Information

Caliber Customer Service

Caliber Home Mortgage Complaints

Caliber Home Loans Inc. Loan Modification Reviews

Caliber Loan Modification Complaints

Caliber 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.

Caliber 1 Star Reviews

Caliber 1 Star Review:

Caliber lost the payment of about $1700. We have furnished two proofs that it went through our bank on 10/31/17. Caliber refuses to credit our escrow account and adjust our payment until it finds the missing money. They lost it – it shouldn’t be our problem. I have been dealing with them for weeks about it. I consider this a shady business since they lost our money and it’s our problem. It isn’t being resolved in a timely manner. Don’t trust this company. Whatever happens to your funds, you may not see them again. I am going to find out what government agency I can contact regarding their withholding of our money. Never trust Caliber. Most of the phone agents are unhelpful also

June, Waukegan, IL

Caliber 1 Star Review:

Incompetent, slow, repetitious, lost all our personal information, in an electronic data age, after starting a loan 7 months in advance of needing to close. Management, unresponsive and inaccessible to help with problems created by Caliber. Save yourself time and money, not to mention the anger that is created with having any kind of relationship with this so called #2 business in mortgages. They’re # 2 alright, if you catch my drift. My wife and I have excellent credit, so that’s not the issue. It is my experience that this company has a high turn over rate. That speaks volumes in itself. I wouldn’t recommend them to my worst enemy. If I could give them a zero… it would be a -0.

Lewis, Channahon, IL

Don't Be A 1 Star Review

Don't Be A 1 Star Review

Caliber 1 Star Review:

One of the worst company to work with. I bought 3 houses in Texas with loans given by 3 different bank and by far CALIBER was the worst of all. Since three months, they have been going round and round and asking us for more and more documents. We provided all the documents to the first loan officer who quit after working with us for 2 months and now the new loan officer is the same. Asking us same documents what first loan officers asked, so basically our whole time was wasted. Don’t you guys have computer/database to store the documents. Why can’t you people have list of documents to ask for.? Why every time you need to ask new documents again and again and from past 3 months. Totally RIDICULOUS and UNPROFESSIONAL. Worst communications. I will make sure to voice my opinion in all the reviews and BBB. Don’t want to give loan, that is just fine, don’t harass people making them wait endlessly.

Kiran, Plato, TX

1 Star Situations Happen Every Day

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 Caliber Mortgage

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

ACG Specialist Here To Help Your Caliber Home Mortgage.

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