ST. PETERSBURG, Florida., December 14, 2021 /PRNewswire/ — For the first time, struggling homeowners can find out immediately if they are pre-approved for new COVID-19 mortgage recovery programs released by Fannie Mae, Freddie Mac and FHA using Cakeforms Automated Underwriter For Mortgage Assistance.
“Waiting 60-120 days for your lender to make a decision is the most frustrating thing about asking for mortgage help,” says Cakeforms CEO allan robinson. Those days are over according to Robinson with the release of Cakeforms Automated Underwriter for Mortgage Assistance. “Our software tells you which programs you are eligible for and how to qualify for previously declined programs.”
Cakeforms Automated Underwriter is a single PDF file that you download from the Cakeforms website. All instructions for mortgage assistance are encoded in the PDF. These are the same guidelines that lenders and servicers should use. There are separate versions of the software for Fannie Mae, Freddie Mac, and FHA mortgages. The cost is $19.95 for a month as guidelines may change from month to month.
Automated underwriters are not new to the mortgage industry, as loan officers use automated underwriters to generate a pre-qualification or pre-approval letter. However, Cakeforms Automated Underwriter is first for mortgage assistance tailored to the public.
“Fannie Mae, Freddie Mac and FHA have launched new mortgage relief programs designed to get homeowners through millions of expiring forbearance agreements and to speed recovery from COVID-19,” Robinson continues. “These are the most aggressive programs ever designed to keep borrowers in their homes by offering historically low interest rates and incentives. And our software will help homeowners get approved for these programs.”
Cakeforms Automated Underwriter covers Forbearance Agreements, Repayment and Reinstatement Plans, Deferrals, Partial Claims, Advance Loan Modifications, Standard Loan Modifications, Short Sales and Deeds in Lieu of Foreclosure. Included with the Automated Underwriter are eligibility guidelines, terms and sources for each mortgage assistance program.
Go to Cakeforms.com for more details and to watch videos of their software.
For any questions, contact allan robinson at (800) 890-8022 or by email at [email protected].
SOURCE cake toppers