What information is required for a loan modification request?

When a borrower seeks a loan modification from Seterus Inc., there are several key pieces of information typically required to facilitate the process. First and foremost, the borrower will need to provide their personal information, which includes their full name, address, and contact details. Additionally, Seterus generally requests the loan number associated with the mortgage for proper identification. Financial information is also essential for a loan modification request. Borrowers may need to submit documentation that outlines their current income, which can include pay stubs, tax returns, or bank statements. It is important to provide comprehensive details about monthly expenses as well, including items such as housing costs, utilities, and any additional debts. Furthermore, Seterus may ask for a hardship statement, explaining the circumstances that led to the request for modification. This statement should clearly articulate the borrower’s situation, such as job loss, medical emergencies, or other financial difficulties. Expect that Seterus will guide the borrower through the process and provide specific details about any additional documentation that may be needed. For the most accurate and updated information regarding loan modification requests, reviewing the current site at seterus.com is advisable.