Information Disclaimer: Not Your Loan Servicer (Read More)

**We are not affiliated with any mortgage servicer, the investor/beneficiary of your mortgage note, the mortgage insurer (if applicable) or any government agency. We are a homeowner advocacy group with more than a decade of helping homeowners and professionals with mortgage assistance negotiations. The information found on this page is for educational and convenience purposes only. The information found on this page should be considered as opinion and not fact based on our experience with lenders over 10+ years. Consult your mortgage servicer directly or a professional before using any of the information found on this site. If you are seeking an intermediary to assist you in getting help with your mortgage you may contact us at 888-934-3444 or via email at [email protected] for further review for a no fee, no obligation, consultation. If required you may be referred to a local professional or legal counsel for additional assistance with your mortgage. Please read through our Disclaimer page for additional details. We do not represent in any way any financial institution named on this page. If you feel that any of this information has become outdated or is incorrect please contact us immediately.**

360 Mortgage Loan Modification RMA Form Application Package

Loan Modification RMA PDF

Start with a Request for Mortgage Assistance (RMA). Download Forms Here.

Next Loan Mod Steps

What are the loan mod steps. A Road Map For Success!

Other Mortgage Programs

It may not be too late to try other options. We can review what’s out there.

Get 360 Mortgage Forms

Take the first step to getting started on your loan modification. Download Forms Here.

Next Steps

Find out what’s next. Make sure you cross every ‘T’ and dot every ‘I’.  No Mistakes!

Other Mortgage Programs

It may not be too late to try other options. We can review what’s out there.

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360 Mortgage RMA Loan Modification Package Forms

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360 Mortgage RMA Loan Modification Package Forms

Limited Time Offer Coupon!

FREE  Custom 360 Mortgage Strategy Session With An 360 Mortgage Experienced Team Member.

Step 1: Fill Out 360 Mortgage Loan Modification Package

Find out why no one knows more than we do.

What is an 360 Mortgage Loan Modification Package?

360 Mortgage Loan Modification Request For Mortgage Assistance (RMA)

Going to apply for loan modification with 360 Mortgage! the first requirement will be to complete and submit 360 Mortgage Request for Mortgage Assistance (RMA). It’s compulsory that you use the latest paperwork. Always contact with an expert or your 360 Mortgage single point of contact before applying for help with your 360 Mortgage mortgage. There are very few experts that you can call on that really specialize in the dealing with 360 Mortgage and their process. Working with the right expert to work with is crucial; You should be able to avoid the pitfalls. That’s why we put the latest paperwork we could find online; to help you. That’s what we do is work with homeowners just like you.  Click here to request a call from a loan mod pro or call 888-934-3444. 

What is the360 Mortgage hardship affidavit?

360 Mortgage Hardship Letter

360 Mortgage has a hardship statement built into their mortgage assistance application,

Pro Tip: When reviewing you for a modification approval 360 Mortgage looks for your original reason for defaulting or RFD. If the RFD has not been cured (hardship) has not been resolved in many cases the will not be able to help.
EXAMPLE: A RFD like loss of income must be resolved by replacing that income. One of typical thing they will want to know is if you are making more or less income. What comes next varies from case to case based on the mortgage assistance options that are available.

Real Estate Mortgage Loan Modification Definition

What is a loan modification?

First, let’s go over what a modification is not. A loan modification (or loan mod) is not a refinance. The definition of a refinance is when you get a new loan to pay off your old existing loan or combining loans. You cannot combine loans, such as a first and a second mortgage, when you are completing a loan modification. A loan modification is exactly as it sounds. We work with you to change the terms of the loan that currently exist.

What terms can I change on my mortgage with a loan modification?

This is the banking industry and thinking outside of the box is just not what they do. So there are limitations to the things you can modify on your loan and how those things can be modified.

Interest Rate Modification

The number one thing people talked to us is about changing their interest rate. While this is important it’s not the only way to adjust the payment. The mortgage servicer will push to reach affordability to it will be based on your income.

Loan Term Adjustment Mod

The life of the loan may be adjusted to reach affordability but it doesn’t work the same way as many times people say they are adding the payments to the back of the loan. The loan isn’t physically extended by the number of payments you miss. In many cases the loan is extended back to 30 years or even extended further out. We have seen as much as 50 years, but as 30 years is the norm, any extension beyond is generally no more than 40. This is completely controlled by the beneficiary of the note and the limitations they set.

Principal Capitalization and Principal Reduction Modification

Principal capitalization is when they take the amount you are behind on, including any past due payment, interest, and fees later adding them to the outstanding balance of what is owed. In rare cases that are generally dictated by the amount of perceived equity in the home (or lack there of) the investor on the loan may be willing to take a reduction on the principal owed.

Step 2: Submit Loan Modification Package To 360 Mortgage

Thoroughly review your documents. The wrong information can hurt you!

360 Mortgage Loan Modification Submittal

Getting Your Forms Submitted To 360 Mortgage To Get The Process Going. What is in the 360 Mortgage Loan Modification Package?

Most servicers, not limited to 360 Mortgage, have the same typical requirements. The loan servicer will require you to provide your financial information such as a monthly budget, your tax returns for the last two years along with a 4506t to show the returns were actually filed, pay stubs or proof of income like a profit and loss, bank statements, reason for requiring to do a loan modification, and a hardship letter.

Pro Tip: Working with our professionals should allow you to be able to pick out the documents your servicer 360 Mortgage will need. When your mortgage company requests items after they’ve started their modification review process they passed over sending your file to the next stage.

Step 3: 360 Mortgage Loan Modification Broker's Price Opinion (BPO) or Appraisal


360 Mortgage Loan Modification Value

Getting The Right Value Goes A Long Way.

A loan servicer such as 360 Mortgage balances the options available to a homeowner on many different factors in order to complete a loan modification . One of those option is whether the value is acceptable and they do this by completing a value. Including those values which are done online, there are other different types of values. In some cases a value is completed by a real estate agent, also known as a Broker’s Price Opinion (BPO), who reviews the comparables in the area. They may ask to gain access to the home which is referred to as an interior value. In some cases a drive by or external value is completed. In any case, they review the properties that are currently listed but more importantly they review the properties that are sold generally within the last 3 to 6 months. They consider the homes perceived condition, the size of the living space, the size of the lot, how many stories it has and whether or not it has a pool. They will also consider market conditions and how fast homes are selling in the area. There are many factors they take into consideration.

360 Mortgage Loan Modification Appraisal

Loan Modification Appraisal Values

Sometimes the mortgage investor behind 360 Mortgage, will require a value to be completed on the property before approving any loan modification terms. The bank for this part of the process will generally do an automated value module or AVM. This is a computer generated value. They rarely hire a local agent or broker to do a value referred to as a BPO or Broker’s Price Opinion due to the prohibited costs involved, when you’re servicing thousands of loans. In even rarer cases the beneficicary will pay for a by a licensed appraiser. In some cases the homeowner has to pay an upfront fee for such values to be completed.

Pro Tip: AVMs are not accurate. They can often show a skewed view on what your property is worth. Want to get a property valuation? Contact us for a Property Valuation.

360 Mortgage Value Disputes and Variances

Filing Value Disputes and Variances

Sometimes the value will come in wrong. Maybe it comes in too high… Or maybe it comes in too low. This can happen to both a professional and a layman equally, you may have to deal with a value dispute. Depending on who the investor is or if it’s insured there may be different processes for filing disputes with 360 Mortgage or another managing entity.

Pro Tip: Equity is not always your friend. If you have equity your lender may not work with you because they would rather you sell your home and pay off your loan or refinance. If you don’t have enough equity then they may feel that this will not be a good investment for them so they may also decline you. Speak to one of our Loan Modification specialist for a free no oblication review by calling 888-934-3444.

Step 4: Net Present Value (NPV)


NPV and how does it work?

360 Mortgage’s Net Present Value or NPV Process and Analysis.

Underwriter will make a decision if you meet the minimum criteria to be submitted to management based after value has returned and they have a complete package. Usually there is an audit before the submission to management and if approved there is often another auditing process the occurs before an approval letter is issued.

Pro Tip: Check Your Numbers! Reviewing the NPV is crucial to understanding whether the offer made to you is accurate. We regularly see servicers misinterpret the information submitted to them. Understand how your loan modification underwriter may think is important. Call us for a free consultation at 888-934-3444.

NPV Decline

360 Mortgage NPV Counters

NPV is the abbreviation of Net Present Value. It’s basically an algorithm for the value of money to the investor. This value changes from day to day. The NPV is the concept of looking at two separate borrowers and establishing where they believe they would make more money. As in most cases people are behind when requesting to modify their loan and as such the lender has to decide whether taking the amount they owe and increasing their balance is worth it to them. Homeowners have to know that when the numbers don’t add up for the investor that is when they are most likely to get declined.

Modification Decline Appeal

360 Mortgage NPV Counters

The only way to counter a NPV is by looking at the ingredients that make it up. You have to attack the parts that don’t make sense. Look at each field and decide what you believe should be the input. The most typical are incorrect income figures but it could go beyond that to things like the property’s perceived value and even in some cases the consumers credit report.

Pro Tip: If there is a time to appeal a loan modification decline it’s now. This is the time to analyze everything you know from their review. Make sure that you have all your proof straight because you might only get once chance at a decline appeal.

Step 5: Loan Modification Approval


Trial Payment Plan

Three Payment Plan

In most situations, should you be approved by 360 Mortgage for a loan modification they will put you on a three month trial plan. You will not know what the finalized terms will be that they are offering you but the final payment should be inline with what you will be paying for the mortgage at least at the onset of the new plan.

Finalized Loan Modification

360 Mortgage Modification Complete

There is a final process to complete when your loan modification is being completed with 360 Mortgage.On a trial payment plan somewhere after the second payment and before the third payment the finalized loan modification documents are sent out. They usually come with a prepaid package to return the documents to the lender. Once the documents are returned and the loan modification goes through the final auditing process with underwriting the master loan documents are amended to show the new terms of the loan.

Pro Tip: If you go through the trial plan payments and do not get a modification implemented you may have legal rights. Need a legal consultation? Contact us to be connected to an attorney or call 888-934-3444.

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How Does ACG Get Paid?

Absolute Consultant Group (ACG) works with you and your lender to help streamline the process. You get a USA based team that’s here to serve you quickly to get you faster results. We don’t charge up front and only get paid if you get results. If you are offered a modification and decline the terms you pay us nothing. Call for details 888-934-3444.

Understanding The 360 Mortgage Loan Modification Status

If you’ve called 360 Mortgage even once you know they are most likely to deal with someone overseas. You may also be aware from the 360 Mortgage Loan Modification Package is lengthy. 360 Mortgage hasn’t simplified the process to make it easy but that’s why ACG is here to offer you to  assist with your application for the Loan Modification process to get mortgage assistance from your servicer that you and your family deserver.

360 Mortgage Help For Consumers Here In America

Based here in the United States ACG  is your go to place to get all the information you need while your account is under review. As your single point of contact you will no longer have to deal 360 Mortgage‘s loan servicing department in India. Working with someone stateside streamlines the process and limits the misunderstandings.

Call Us 888-934-3444 Today.

360 Mortgage Loan Modification Breakdown

What is the 360 Mortgage Loan Modification Package?

For any 360 Mortgage Loan you’ll be require to provide the 360 Mortgage Loan Modification Package known as the 360 Mortgage Request for Mortgage Assistance (360 Mortgage RMA). Depending on the investor involved you should always use the most up to date paperwork for your application; Prior to use of any documents we suggest to either speak to 360 Mortgage or check with a professional. The paperwork we last found was put up on the Absolute Consultant Group(ACG) Website. ACG helps homeowners with their 360 Mortgage Loan Modification process. There are 6 Sections to the standard 360 Mortgage Loan Modification Package and totaling about 20 pages.

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360 Mortgage Loan Modification RMA Package PDF Breakdown:

Hardship Letter Affidavit Application Check List

  1. Borrower/co-borrower Information This section will require the consumer to fill out all the personal details of the borrower and co-borrower.
  2. Household assets In this section you have fill out information about assets, liabilities and dependents.
  3. Borrower Income In this section you will be required to put the monthly income details salary and other sources of income.
  4. Hardship affidavit In this section you have to fill out information about hardships and explain it with reasoning
  5. Home Affordable Modification Program
    Government Monitoring Data Form You are not required to furnish this
    information, but are encouraged to do so. The law provides that a lender or servicer may not discriminate either on the basis of this information, or on whether you choose to furnish it. If you
    furnish the information, please provide both ethnicity and race
  6. 4506-T The final document in the whole page is the 4506-t which is used in order to verify the tax returns that you provided.  Make sure to follow the directions thoroughly.

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Disclaimer: Using The Wrong Form May Lead To A Denial

We provide mortgage servicers mortgage assistance package, forms, and applications to for educational purposes only. This is a sample document used to obtain mortgage assistance relief workout programs with your mortgage servicer. Prior to completing the form contact your (your client's) Mortgage's servicing department OR one of our professionals at 888-934-3444 to make sure they are sending the right loan modification or short sale package. Your home loan servicer, whether dealing with a Home Loan Modification or Short Sale (mortgage settlement, short pay off or discounted payoff) RMA Package offered on this website may not be the correct package depending on your investor. By downloading this RMA (Request for Mortgage Assistance) from our website does not guarantee loan modification assistance or any other mortgage relief programs to try to avoid foreclosure through mortgage servicer, its agents, employees, affiliates or subsidiaries. Prior to the use of any documents you should consult an attorney.

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