How Does ZOOM! receive compensation?

NO COST processing is provided if ZOOM! is able to be compensated by the lender and or servicing company. However, some lenders or servicing companies are unable to provide compensation due to certain lender guidelines.

All files submitted are subject to a non-refundable $500.00 service fee at the time the initial file is submitted to ZOOM! Loss Mitigation Specialists. An additional $1,497.00 is due and payable upon closing. Any of the above fees can be payable in the form of cash, check, or credit card and can be paid by the client, real estate agent, buyer, investor, or any other party.

In the event ZOOM! Loss Mitigation Specialists is successful in negotiating their professional fees with the lender and/or servicing company and receives a minimum professional service fee of $1,997.00 upon closing, all money received prior to settlement including the initial deposit of $500.00 shall be refunded to the contributing party and/or parties within fourteen (14) calendar days of closing.

In the event of a successful closing, any remaining balance of the total fee of $1,997.00 shall be received directly from the listing agent, in the form of a referral fee. By signing this form the Listing Agent agrees to have his/her Broker pay the agreed upon referral fee within seven (7) calendar days of closing.

Once ZOOM! Loss Mitigation Specialists has received the initial service and submission fee and all required documentation, the file shall be submitted to the lender and/or servicing company within 48 business hours.

The short sale process may take anywhere from 60-90 days once the submission package has been received by the lender and/or servicing company. We ask that the listing agent, client, and buyer agent be as patient as possible—this is not an overnight process. All file updates shall be promptly posted on the ZOOM! Loss Mitigation Information Center.

Please feel free to contact us with any additional questions at 1-800-480-1917 or simply e-mail ZOOMLossMitigation@gmail.com.

http://www.zoomlossmitigation.com/