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 If you feel that any of this information has become outdated or is incorrect please contact us immediately.**

Planet Home Lending Loan Modification

Get Help With Your Planet Loan Modification

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

Get Help With Your Planet Loan Modification

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

Planet Home Lending Loan Modification Process

The Planet Home Lending Modification process follows the conventional loan modification process:

  1. Initiation of the process by a phone interview.
  2. Submission of completed Planet Request for mortgage assistance (RMA) form with supporting documents and complete finances.
  3. A Property Valuation is Completed (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

The loan modification process is sadly never this easy and that is why we, Absolute Consultant Group (ACG) are here to support homeowners through the process. There is always back and forth with the Planet Loan Modification Process. Submitting documents over and over again is very typical.  Often you will get transfered from department to department having you run around from Planet Bank Home Mortgage Loan Modifiation Department to Planet’s’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.

Planet Mortgage Loan Modification Timeline

Dealing with large companies such as Planet Home Lending you know there is a lot of bureaucracy involved. Planet Home Lending’s  Loan Modifcation timelines vary often on obvious and other not so obvious reasons. Here are a few of the reasons this question has such complicated answers.

  • For one, Planet Home Lending is only working a loan servicer. Meaning that they are often representing the debt on someone elses behalf largely limiting their ability to make the decisions on their own. As a servicer they have to abide by their PSA or Pooling and Servicing Agreement that they have with each investor. The investor may allow the company to make some decisions on its behalf but never all the decisions. This means that they have to get permision or approval for the decisions that they are not allowed to make. 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 Planet’s Mortgage Department has their hands tied.
  • Another issue, affecting the modification timeline is urgency. This business is a first come first service until you ask if your Planet Home Loan has a sale date? If it does, chances are you are going to get bumped up in the process. Servicers such as Planet Home 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.

Planet 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 approval, 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 Planet Mortgage Loan Modification to be reviewed.

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

Dealing With A Planet Mortgage Loan Modification Decline

Often dealing with a Planet Home 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 Planet Mortgage loan modification was rejected. Have us review your declined modifcation for free by calling us at 888-934-3444.

Additional Planet Mortgage Contact Information

Planet Mortgage Customers

Planet Mortgage Complaints

JP Morgan Chase Home Mortgage Loan Modification Reviews

Chase Loan Modification Complaints

Chase 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.

Chase 1 Star Reviews

Chase 1 Star Review:

They have the worst customer service that I have ever experienced in my life. They are definitely out of compliance! And sooner than later they will have to be accountable. Getting a loan modification is a joke!

Stephanie, Huntington Beach, CA

 

Chase 1 Star Review:

We contact Chase and they do a quick affordability survey on us and decide that we indeed cannot afford the additional mortgage and send us paperwork for a modified mortgage. Once received the paperwork, we send it back with a substantial amount of back up, bank statements, pay stubs, rental agreements line by line explanations of bank statements. Finally, October we receive a letter from Chase approving us for one little thing and that was a Short Sale!

Kimberly, Chino Hills, CA

Don't Be A 1 Star Review

Don't Be A 1 Star Review

Chase 1 Star Review:

Chase was worse!! I was granted a trial modification and was a few month into it when I received notice that Chase would not honor the modification.

Christal, Birdsboro, PA

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 Planet Mortgage.

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

ACG Specialist Here To Help Your Planet Home Mortgage.

Planet Mortgage Loan Modification Mortgage News

Selene Finance Deed In Lieu Application, Forms And Packages

**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...

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