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Student Debt Solutions (SDS) Connects with HomePrep to Provide Student Loan Repayment Plans for MLO Clients!

Jan. 17th Brokers and Bagels on Zoom

Student Loan Repayment Plans through SDS Now Connected to HomePrep!

Click above to watch Jan. 17 Brokers and Bagels: Student Loan Repayment Plans through Student Debt Solutions (SDS)        Now Connected to HomePrep!


Event Title and Details:

Title: Student Loan Repayment Plans through Student Debt Solutions (SDS) is Now Connected to HomePrep!

Date: Jan, 17. 2024

Time: 11am to 12 pm

Clear here to view video: Zoom Webinar recording


MLOs, assist your clients in finding a faster route to a lower student loan payment, propelling them towards their home-purchasing goals!


Student Debt Solutions (SDS) is a self-help application for clients who have student loans and want to find ways to reduce student loan monthly payments.


HomePrep recently added SDS to its list of mortgage loan originator (MLO) services available for clients preparing for a mortgage. Through an intuitive platform, Student Debt Solutions (SDS) allows clients to discover all available repayment options for existing government student loans upfront.


Clients who are preparing for a mortgage can include the SDS student loan repayment plan with five other HomePrep services to prepare for a mortgage. But other clients may only need the SDS service to find out how they can lower payments. Student loan cancellation, forgiveness and any balance reduction can also be found with this service.

 

Clients see what their payment could be upfront, but only pay for the $99 service after deciding to proceed with a student loan repayment plan. Once the client proceeds, the SDS platform provides the client with all needed documents and provides step by step direction to finish out the application to put the desired new student loan payment plan in place.

 

The cost for HomePrep services except SDS is $99.
SDS is an additional cost of $99.

Qualifying For A Mortgage With Student Loans

Mortgage Underwriting Criteria of Student Loans for all Mortgage Types


Conventional Freddie Mac:

Freddie Mac Selling Guide 


Conventional Fannie Mae:

Fannie Mae Selling Guide

 

FHA:

STUDENT LOAN UNDERWRITING CRITERIA

Mortgagee Letter 2021-13 | Subject Student Loan Payment Calculation of Monthly Obligation

 

VA:

Credit Underwriting


USDA: (Pg. 11-4)

Ratio Analysis HB-1-3555


How Student Debt Solutions Works!
Click below for "Welcome to Student Debt Solutions!" video
Click below to see video "How to get your Student Loan File from Studentaid.gov
Click below to link directly to SDS and "Get Started Now"
Student Debt Solutions FAQs
Download Student Debt Solutions FAQs

Pam Marron

Licensed Loan Originator, NMLS 246438

Innovative Mortg Svcs Inc., NMLS 250769

Mobile: 727-534-3445

Email: pam.m.marron@gmail.com

Website: CloseWithPamandTara.com

Daneza Socarras

Loan Originator-Manager, NMLS 312133

1st Florida Mortgage Lending, NMLS 1833582

Mobile 305-710-3709 

Email: dsocarras@1stFML.com

Website: 1stFML.com

Student Loan Repayment Articles to Help MLOs... coming soon!




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