ADAPT Releases NPV Decisioning Engine

ADAPT Enterprise LLC has released ADAPT, a Web-based net present value (NPV) decisioning engine designed for brokers, attorneys and community-based groups to support servicers by preparing loan modification packages that conform to Home Affordable Modification Program (HAMP) guidelines.

The tool enables loss mitigation professionals to instantly determine the eligibility of a loan modification, based on HAMP guidelines. The system applies the base NPV calculations and defines the reduced rate, modified term and step-rate, along with principal forbearance (if suggested), in real time. The tool then produces the package for the servicer's review.

‘This tool will allow loss mitigation specialists to do the heavy lifting for mortgage loan servicers, providing them with deals that will meet HAMP guidelines, complete with the paperwork to move the deal through to closing," says ADAPT President Tom Sato.

ADAPT provides a pre-qualification application exchange, which is triggered by the end user, enabling the homeowner to enter data in a secure Web environment. The tool informs all parties that the homeowner is required to enroll into a housing counseling program automatically if it detects that the back-end debt-to-income ratio exceeds 55%.

The system also automatically imports the borrower's data into the Freddie Mac Loss Mitigation Transmittal Summary form as soon as it automatically confirms borrower eligibility, ADAPT says.



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