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FreeLoanWorkout.com, Inc. Releases Free Loan Modification System

Posted by financer | October 1, 2009 .

FreeLoanWorkout.com, Inc., an Irvine based Internet Company, is pleased to announce its release of www.freeloanworkout.com, effective Saturday, October 3, 2009.

The website creates an internet bridge between homeowners and their mortgage servicers, provides web based education modules, and using an automated underwriting engine, processes a homeowner’s loan modification request. The education modules, developed by Mortgage Workout Center (“MWC”), a vital partner in this project, provide a wide range mortgage and housing related education segments.

The service is free of charge to homeowners and participating financial institutions. Even if a homeowner’s mortgage servicer does not participate, the website will still make a modification eligibility determination, process the homeowner’s application, and allow the homeowner to print all required forms to submit directly to their servicer – all free of charge.

(Source) Press

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