Equal Housing Lender
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
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.
Mortgage Underwriting Criteria of Student Loans for all Mortgage Types
Conventional Freddie Mac:
Conventional Fannie Mae:
FHA:
STUDENT LOAN UNDERWRITING CRITERIA
Mortgagee Letter 2021-13 | Subject Student Loan Payment Calculation of Monthly Obligation
VA:
USDA: (Pg. 11-4)
CEO, eFiscalNetworks, Resolvent
M : 603-494-3770
Dave.Danielson@efiscal.net
CCC, CSLS
• SME and Product Manager for SDS
• 10+ years of certification counseling experience with thousands of clients
• Co-creator of IP related to SDS DE and Rules Engine allowing dynamic modification for constant change
• Frequent speaker for NFCC, Housing Counseling Assn, FL Bar Assn, Journal of Accountancy
melissa.maguire@efiscal.net
Daniel Hughes
Mortgage Broker, NMLS 1457383
Owner, BayPort Lending, NMLS 2104798
Mobile: 941-243-4117
Email: Daniel@Bayportlending.com
Website: BayPortLending.com
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