Has anyone heard of a company called Loan Processing Center in Irvine Ca?

Deal Score0

They claim that they can have their attorneys modify mortgage loans pretty easily, anyone heard of that? They charge 1995.00, is it a scam? on the web its RefiFix.com

Raphael Bostic, Roberto Quercia, Caroline Ratcliffe, Ida Rademacher, David Abromowitz and Sarah Rosen Wartell

Homeownership Done Right
Programs that Work for Low-Mod Borrowers

To watch the video, click here: www.americanprogress.org/events/2010/03/home.html

April 1, 2010, 9:30am – 11:00am

We must learn the right lessons, not the wrong lessons, from the subprime mortgage crisis.

In the years before the capital markets fueled a subprime deluge and bad money chased out good, a range of policies and programs effectively created sustainable, affordable homeownership. Participants in these programs were much more likely to sustain homeownership than comparable borrowers in subprime loans, even as economic conditions worsened. Proven on the ground, these programs point to a way forward that provides access to affordable homeownership for those who are ready for it. Their record also helps put to rest the myth that lending to underserved communities–as opposed to poor lending practices–drove the crisis.

At this CAP forum, experts will examine evidence derived from close analysis by researchers at the Center for Community Capital at the University of North Carolina, the Urban Institute, CFED, the Federal Reserve Bank of San Francisco, and elsewhere. This research demonstrates that we do know how to do affordable lending that works. Panelists will discuss how this research should inform the discussions of the system of housing finance for the future.

Introduction:
Sarah Rosen Wartell, Executive Vice President, Center for American Progress

Keynote Speaker:
Raphael Bostic, HUD Assistant Secretary for Policy Development and Research

Featured Panelists:
Roberto Quercia, director, Center for Community Capital, University of North Carolina at Chapel Hill
Ida Rademacher, Research Director, Corporation for Enterprise Development (CFED)
Caroline Ratcliffe, Senior Research Associate in the Urban Institute

Moderated by:
David Abromowitz, Senior Fellow, Center for American Progress

3 Comments
  1. Reply
    Junius L
    February 19, 2011 at 10:36 am

    Carrie T,

    Here’s some public record links. First, the BBB:

    http://www.labbb.org/BBBWeb/Forms/Business/CompanyReportPage_Expository.aspx?CompanyID=100062613

    According to this, they’re clean & no compliants. This can be misleading because a lot of times, some companies run under multiple company names (doing business as or DBAs) and the name that’s advertised is just a marketing front. So here’s another link to the Department of Education on one of the owners..

    http://www2.dre.ca.gov/publicasp/pplinfo.asp?License_id=00824594

    AS you can see on this link, this guy has had a slew of DBAs created and ran and shutdown tons of branches and locations.

    Bottomline, if it smells fishy, do some research on public sites and you will save a ton of headaches. Good luck!

  2. Reply
    hipmom2
    February 19, 2011 at 11:20 am

    Sounds like it is, the name sounds like some kind of collection agency or telemarketing firm.

  3. Reply
    Caridad R
    February 19, 2011 at 12:01 pm

    I am in the process of refinancing and they wanted to charge me $ 600 deposit to lock a very good interest rate. Who are you dealing with at this company? And the answer to your question is no. Mortgage loans can not be modified. Specially by a third party.

    Leave a reply

    Register New Account
    Reset Password