Icon of program: Mortgage Reduction

Mortgage Reduction for Windows

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Editors’ Review

Download.com staff
This application guides users through the loan modification process. It helps complete forms, models lender approval algorithms, and tracks application progress to help homeowners lower their monthly payments.

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Mortgage Reduction 0/1

  • Pros

    • Guided system completes applications in under 15 minutes
    • Step by step video guidance through the application process
    • Outputs all completed documents as a single PDF file
    • Includes lender algorithms to assess approval probability
    • Provides audio guides for lender phone conversations

  • Cons

    • Does not electronically submit applications to lenders
    • Compatibility is limited to five specified major lenders
    • No native mobile application is mentioned
    • Functionality is specific to the US mortgage market
    • Lacks data import or export capabilities
Icon of program: Mortgage Reduction

Mortgage Reduction for Windows

Download now

Used Mortgage Reduction for Windows?

Explore More

Full Specifications

GENERAL
Release
Latest update
Version
2.0
OPERATING SYSTEMS
Platform
Windows
Operating System
  • Windows 7
  • Windows 10
  • Windows Vista
  • Windows XP
Additional Requirements
None
POPULARITY
Total Downloads
119
Downloads Last Week
8
Report Software

Program available in other languages

Last Updated

User Reviews

5/5

1 User Votes

Developer’s Description

By Consumer Education
Apply for a loan modification to lower your monthly mortgage payment.
"Mortgage Reduction" is a fast and simple way to apply for a loan modification. Now, for the first time ever, you are provided with the same tools used by your lender to approve you for a lower monthly mortgage payment. Finally gone are the days where it would take up to 1 month just to fill out all of the confusing documents or having to wait 3 months to find out if you are approved or declined for a loan modification. With the "Seamless Application System" you will, in less then 15 minutes, have a completed application ready to send to your lender. Lisa will be your video guide, she will walk you through each screen and guide you through the entire process. Once you are done you will have all the required documents in one PDF file filled out and ready to send. Also, you will be provided the same algorithms used by all lenders to determine approval, thus, giving you the ability to make adjustments and better position yourself to get the lower monthly mortgage payment you deserve.

"Mortgage Reduction" also features the innovative "Journey System". The Journey System greatly simplifies the actual loan modification process. You will have, at your fingertips, Mp3 audio files demonstrating how each call should sound for the current step you are completing in the process. This will give you the ability to have an effective phone conversation, with each call, with your lender, in under 7 minutes. The Journey System also has an algorithm of common lender mistakes that can occur at certain points of the process. Also, you will be given warnings, on your desktop, weeks in advance of things your lender might forget to tell you to do. In addition, by using the "Progress Tracker" you will be able to track, and stay ahead of, the progress of your application. "Mortgage Reduction" is compliant with all the major lenders Bank Of America, Chase, Wells Fargo, Citibank, and HSBC.

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