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**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 If you feel that any of this information has become outdated or is incorrect please contact us immediately.**

PHH Corp. 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 PHH Corp. 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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PHH Corporation RMA Loan Modification Package Forms

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PHH Corporation RMA Loan Modification Package Forms

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FREE  Custom PHH Corp. Strategy Session With A PHH Corp. Servicing Experienced Team Member.

Step 1: Fill Out PHH Corp. Loan Modification Package

Find out why no one knows more than we do.

What is PHH Corp. Loan Modification Package?

PHH Corp. Loan Modification Request For Mortgage Assistance (RMA)

There is a document called PHH Request for Mortgage Assistance (RMA) that you will have to submit after completing of you are applying for a Mortgage Assistance from PHH Corp. Confirming whether the paperwork is the latest is always important. A helpful tip is to consult a professional before submitting any documents. You can get help from many professionals in the market but finding the right one is important. We as a company are working to help the Consumers to help them with Mortgage Relief that is why we have put the latest form on our website.  Click here to request a call from a loan mod pro or call 888-934-3444. 

What is the PHH Corp. hardship affidavit?

PHH Corp. Hardship Letter

PHH Corp. has a Hardship letter affidavit built into their application which states your hardships,

Pro Tip: When reviewing you for a modification approval PHH Corp. 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?

One thing you have to understand is that a Loan Modification is not in any way similar to the Refinance as refinance is when you want to get a second loan to pay off the first one. While doing Loan Modification you cannot combine loans that are first mortgage or second mortgage.  Loan Modification works exactly as it sounds the terms for the loan are modified.

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

Banking industry does not has the potential to think outside the box. This is the reason that the things you can get modified for you mortgage are very limited.

Interest Rate Modification

In most cases people want to modify the interest rate. The mortgage servicer will push to reach affordability to it will be based on your income.

Loan Term Adjustment Mod

You can also get the loan term for your loan extended but this is not the ideal choice as they have been seeing adding payments at the start of the loan. It is not possible to get the loan extended for the period of your missed payments. In most of the cases the company will extend the loan back to its original length of 30 years . We have seen as much as 50 years, but as 30 years is the norm, any extension beyond is generally no more than 40. Beneficiary of the note and the limitations they set completely control this.

Principal Capitalization and Principal Reduction Modification

The lender will take the payment that you are behind on which is called as Principle Capitalization which will include 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 PHH Corp. Bank

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

PHH Corp. Loan Modification Submittal

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

This is not limited only to PHH Corp., all the lenders have the usual document requirements. You will have to provide your financial information to you servicer 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 OneWest Bank 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: PHH Corp. Loan Modification Broker's Price Opinion (BPO) or Appraisal


PHH Corp. Loan Modification Value

Getting The Right Value Goes A Long Way.

The lender will balance out all the options that are available to the homeowner before approving anything. Including some ways to get the valuation done online there many ways that a valuation can be done. In a type of valuation called Broker’s Price Opinion (BPO) a broker will do the valuation. Sometimes it happens that the person doing the valuation will require interior access to the home. In every type of the valuation the person will compare the properties listed currently of sold recently. 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.

PHH Corp. Loan Modification Appraisal

Loan Modification Appraisal Values

When the investor wants to do a valuation the lender will do a valuation on the computer called Automated Valuation Module (AVM) in most of the cases but it rarely happens that the investor will hire a broker to do a valuation and even rarely happens that the investor will want an appraisal. The homeowner may be required to pay upfront fees in some of the cases for these services.

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.

PHH Corp. Value Disputes and Variances

Filing Value Disputes and Variances

A mistake can be made by anybody doesn’t matter what their skills are and the value returns wrong, You may have to file a value dispute in this case. Depending on who the investor is or if it’s insured there may be different processes for filing disputes with PHH Corp. 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?

PHH Corp’s Net Present Value or NPV Process and Analysis.

The lender will decide the fate of your Loan Modification application after the value has returned. Before the submission to management, there is an auditing process and if approved, there is 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

PHH Corp. NPV Counters

NPV is an algorithm used by the investor to calculate the value for their money and stands for Net present Value. This value highly fluctuates and changes day to day. In an NPV the investor will look at two seperate homeowners and see where they can make more money. The lender will have to see whether taking the amount owed and increasing the account balance is worth it or not as the client is already behind on the payments. 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

PHH Corp. NPV Counters

If you want to counter the NPV it is pretty easy as the only thing you will have to do is to look at the terms and find the ones that don’t add up. You should try to figure out the feasible outcome for every point. 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

After geeting approved for the Loan Modification by PHH Corp. you will be placed on a trial payment plan. You cannot know the finalized terms that they are offering 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

PHH Corp. Modification Complete

PHH Corp, will have a finalization process before the closing of the Loan Modification. You will receive the new term documents somewhere between the secon and third payments if you have been placed on a trial payment plan. The documents will most probably come with a prepaid post so that they can be returned to the lender. Once the documents are returned and the loan modification goes through the final audits 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?

We specialize in speeding up your Loan Modification process with your lender to speed up the process. We will only charge our fees in the case when your Loan Modification gets approved and no upfront fees will be demanded from our side ever and even if you get approved for Loan Modification first but get later declined you will not have to pay us. Call for details 888-934-3444.

Understanding The PHH Corp. Loan Modification Status

We do not need to convince you of the fact that  PHH Corp. is a company that is hard to deal with. They have not done anything to date to show that they are interested in making the process simple for the customers but you do not have to worry as ACG is here to help you in getting the Loan Modification from your servicer that you and your family deserve.

PHH Corp. Help For Consumers

ACG is a company which has a team of professional to help you with mortgage relief services from PHH Corp. We will be your only contacting point and you will not have to deal with PHH Corp. for anything. Working with us will get your process going a lot faster and easier.

Call Us 888-934-3444 Today.

PHH Corp. Bank Loan Modification Breakdown

What is the PHH Corp. Loan Modification Package?

In cases you want to get a Loan Modification on any loan serviced by PHH Corp. you will have to submit a package called Request for Mortgage Assistance (RMA) package first. You should always take care to submit the latest paperwork depending on who your investor is. Before submitting the package it will be much helpful if you consult with PHH Corp. Bank or a professional. We have put the latest paperwork that we found on the website. ACG helps homeowners with their PHH Corp. Mortgage Loan Modification process. There are 6 Sections to the standard PHH Corp. Modification Package.

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PHH Corp. Loan Modification RMA Package PDF Breakdown:

Hardship Affidavit Application Check List

  1. Borrower Details This section will require the consumer to fill out all the personal details of the borrower and co-borrower. This section will also ask whether your property is listed for sale etc.
  2. Household Assets This section will require that you fill out all the details of all the assets currently owned by the household.
  3. Monthly Household Income. In this section you will be required to put the monthly income details of the whole household. You will be required to put the income of both the borrower and co-borrower.
  4. Monthly Household Expenses In this section you will have to put all the expenses of the household for the entire month.
  5. Hardship Affidavit This section has hardship options from which you will need to tick out the correct ones showing the reasons for your hardships.
  6. Property Lien Affidavit In this section there is a checklist of options for the lien types and you will also need to mark the correct ones and putting the details of lien holders.
  1. .

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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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