JRM & Associates, Inc

JRM & Associates engages in account management services assisting homeowners that are current, facing default, and in foreclosure status.

JRM & Associates engages in account management services assisting homeowners that are current, facing default, and in foreclosure status. Below is an overview of our account management services rendered by JRM & Associates.Account Management ServicesAll business services come from the direct consultation to client’s that have minor or substantial financial issues. Our team properly advises and works with our clients to effectively negotiate an affordable solution. We also offer advice to clients regarding how to properly maintain their financial position.1. MHA Alternative ProgramsMHA Alternative Programs involves a process where the terms of a mortgage are adjusted outside the original terms of the contract agreed to by the lender and borrower (i.e mortgagor and mortgagee). In general, any loan can be restructured. The restructuring of a mortgage for a borrower who faces a long-term financial problem but can demonstrate the ability to meet the changed payment terms is an excellent candidate for this program. This, ultimately, is a procedure in which a loan's terms, such as the interest rate, monthly payment or term, are altered with the approval of a lender. This is also a process that is always initiated by the homeowner in order to change the terms of the loan with the lenders approval. This may include a decreased interest rate, a short amortization, or a decrease in the loan amount and potential adjustments to the rate, term, and monthly payment amounts. This is handled by the lender's Loss Mitigation Department.This service provides a permanent change in one or more of the terms of a mortgagor's loan, allows the loan to be reinstated, and results in a payment the mortgagor can afford. A transaction in which lender agrees to adjust any or some of the terms of the mortgage.2. HAMP ServicesJRM & Associates also offers a number of programs that provide initial confirmation that a user qualifies for a Home Affordable Modification Program (HAMP). Our team will assist individuals that are seeking to enroll in the HAMP program. All issues pertaining to the HAMP programs will be managed in house by our processing department.