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Home Forum Mortgage and Real Estate Assistance and Education How do I remove a letter of authorization from my loan?

How do I remove a letter of authorization from my loan?
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7:45 pm
February 26, 2010


jkatz

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Post edited 3:51 am – February 27, 2010 by jkatz

Often times homeowners go through various different groups before they make it to the ones that actually get the job done. We have seen these types of cases many times for our clients and one of the first questions we ask is if they had removed the other companies from their account in order to avoid the other negotiation firms from changing information or intentionally sabotage or tampering with their accounts. Every lender has slightly different guidelines so it is best to check with each individual lender's regulations but in most cases it is as simple as a phone request. In some cases though as it was provided in writing the lender may ask for it to be removed in the same fashion. Some lenders will remove the Letter of Authorization after either an expiration written in or their on expiration date.As an example Indymac Mortgage Services (One West Bank) removes authorizations to release information ever 90 days.
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Jonathan Katz started in the Loss Mitigation industry in early 2000's. He worked for the one of the largest loan servicers in the US in their loss mitigation/foreclosure department. Speaking with approximately a work flow of 600 cases a month and several years of experience he created an organization dedicated to helping homeowners. Our Goal here is to increase the accuracy of the information found on the internet amidst a sea of nonsensical logic about a business that is anything but outside of the box.