Is this normal during Mod Application Process with Chase/EMC? - Loan Modification Forum

Stressed_EMC_Customer · 08-20-2009, 04:12 PM

Since October of 2008 we've been actively in the process of applying for a modification through EMC. We have been current with our payments (up until this month). Anyway, we had the usual story...refax missing documents, need new documents, etc. I was fed up so I went through the Exec Office. She escalated our file a month ago and we were denied due to "insufficient income" last week. Anyway, the Exec Office resubmitted our file last week. I called to follow up and she said that EMC has approved the Mod but now they forwarded it to Fannie Mae for their approval. Is this good news and a normal process?

manlanbi · 08-20-2009, 04:33 PM

Sounds like good news to me since they have to get the investor's approval. Keep praying for a psoitive outcome.

08-20-2009, 04:12 PM	#1 (permalink)
Stressed_EMC_Customer Member Join Date: Jun 2009 Posts: 29 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Is this normal during Mod Application Process with Chase/EMC? Since October of 2008 we've been actively in the process of applying for a modification through EMC. We have been current with our payments (up until this month). Anyway, we had the usual story...refax missing documents, need new documents, etc. I was fed up so I went through the Exec Office. She escalated our file a month ago and we were denied due to "insufficient income" last week. Anyway, the Exec Office resubmitted our file last week. I called to follow up and she said that EMC has approved the Mod but now they forwarded it to Fannie Mae for their approval. Is this good news and a normal process?

08-20-2009, 04:33 PM	#2 (permalink)
manlanbi Member Join Date: Aug 2009 Posts: 18 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Is this normal during Mod Application Process with Chase/EMC? Sounds like good news to me since they have to get the investor's approval. Keep praying for a psoitive outcome.

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