Select Portfolio Servicing Loan Modification Process

Select Portfolio Servicing is a mortgage servicing company which only handles loans that are in distress. They are not a lender and work more as a third-party in the loan modification process.

The loan modification process is very similar to other lending institutions with the exception of the financial hardship requirement. Unlike other lenders who will approve a modification if the hardship is permanent, a Select Portfolio Servicing loan modification requires that the financial hardship is only temporary. During the loan modification process you must be able to prove through documentation that your current financial set-back is not permanent.

Loan Modification Case Studies