We Focus on Data, Not Drama.
Mark F. of Illinois hadn’t talked with his loan servicer in more than a year. Yet after his servicer mailed him a letter explaining his options and pointed him to ShortSave’s white labeled platform, he logged in to check it out. Within five minutes, Mark found out he wasn’t approved for a loan modification (and why). But then he selected a deed-in-lieu transaction from ShortSave’s options, and received an almost immediate approval. All without talking to a human being.
Note holder Saguaro Holdings attempts to contact defaulted homeowner Arzula Gardner for over 12 months. But she is embarrassed and confused. Afraid to talk to anyone, she ignores all calls and letters.
Saguaro reaches out to Arzula using the ShortSave platform. She logs in. Even though she’s 60 years old, she finds the interface simple enough that within minutes she’s input all her information and is awaiting a response.
Less than 5 minutes later, ShortSave’s computations are complete. We find that although the homeowner isn’t eligible for a loan modification, she meets the criteria for a short sale option.
Arzula opts to do a short sale, and the next day a real estate agent contacts her and lists her house. Meanwhile, ShortSave helps identify institutional buyers who might be interested. The homeowner receives several offers and accepts one.
The real estate agent uploads to the contract to ShortSave, which connects with Fidelity National Title. Fidelity coordinates title, escrow, and HUD and submits the data back to ShortSave, and we notify the real estate agent.
The agent submits the package to Saguaro Holdings for approval – which happens in less than 5 minutes. The transaction closes 7 days later. From start to finish, the entire process was concluded in less than 30 days.