Life can change in an instant. For one of our recent clients, a challenging cycle began when the husband lost his job. Although he was able to transfer to a new location to remain employed, the new position came with a significant pay cut.
The Challenge: 8 Months Delinquent After a Job Transfer
Like many homeowners we help, he tried his best to keep up. But with reduced income, he eventually fell behind on his mortgage payments with PHH Mortgage. By the time he reached out to us for a foreclosure prevention consultation, he was 8 months delinquent, greater than $23,000 behind and facing imminent risk of losing his home.
The Complication: Qualifying with Self-Employed Income
During the homeowner’s initial consultation, he revealed a key difficulty. While recently securing a new job, paying significantly more, he was the only one listed on the mortgage note. However, his wife—who is self-employed—contributed significantly to the household income.
To qualify for a sustainable loan modification, they needed to prove that both incomes were available to support the mortgage and household bills. Most homeowners struggle here because lenders like PHH have strict documentation requirements for self-employed individuals who are not on the original loan.
The Solution: Precision Documentation & Expert Guidance
At United Capital Mortgage Assistance, we know that a generic application often leads to a denial. We immediately set to work building a loan modification package that PHH would accept.
Income Verification: We provided the client with the exact Profit & Loss (P&L) statement in the format PHH requires. When he received it, we guided him through filling it out along with all other documentation PHH requires, line-by-line to ensure they were precise and accurate.
Relationship Verification: Since the wife wasn’t on the loan, we included their marriage certificate to legally substantiate the household income claim.
Submission: We thoroughly reviewed and “repaired” the package to match lender formatting preferences before forwarding it to PHH forthwith.
We didn’t just send it and wait; we maintained consistent contact with PHH, updating our client every step of the way.
The Outcome: A Trial Plan Lower Than Expected
After our persistent follow-ups, PHH initially indicated the new payment would rise to $2,925.03. However, because our package successfully demonstrated their eligibility, we secured an FHA Partial Claim.
This approval resulted in a much more affordable Trial Plan Payment of $2,770.77 for the next three months.
Our client was reassured and quite thankful, realizing the Trial Plan payments were manageable and that he could once again stay current moving forward.
Get Help Today — Free Consultation
Call 1-800-474-1407 to speak with a foreclosure prevention expert – Contact UCMA or Apply Online. Trusted by Thousands Since 1997.
What Happens Next? We reviewed the Trial Plan documents in detail with our client, explaining the path forward:
Make 3 Trial Payments: The client must pay the trial amount on time for three months.
Finalization: After the 3rd payment, PHH will issue the finalized Partial Claim documents.
Closing the File:Even during the trial period, he remains our client. Once the final Partial Claim documents arrive, we will review them again, ensure they are signed/notarized correctly, and verify PHH has received them.
Only when the lender confirms the modification is complete and the loan is current do we call our client with the final “good news”—it is finally over.
Is Your Self-Employed Income a Roadblock? Not With UCMA.
The complexity of satisfying lenders like PHH Mortgage, especially with non-borrower or self-employed income, requires specialized knowledge. Our success story proves that having an expert team prepare your application package can make the difference between denial and approval. Take the first step toward saving your home today.
📞 Call us now for a FREE, confidential foreclosure prevention consultation at 1-800-474-1407 or click on Contact UCMA or Apply Online
FHA Partial Claim with PHH Mortgage Success Story
Life can change in an instant. For one of our recent clients, a challenging cycle began when the husband lost his job. Although he was able to transfer to a new location to remain employed, the new position came with a significant pay cut.
The Challenge: 8 Months Delinquent After a Job Transfer
Like many homeowners we help, he tried his best to keep up. But with reduced income, he eventually fell behind on his mortgage payments with PHH Mortgage. By the time he reached out to us for a foreclosure prevention consultation, he was 8 months delinquent, greater than $23,000 behind and facing imminent risk of losing his home.
The Complication: Qualifying with Self-Employed Income
During the homeowner’s initial consultation, he revealed a key difficulty. While recently securing a new job, paying significantly more, he was the only one listed on the mortgage note. However, his wife—who is self-employed—contributed significantly to the household income.
To qualify for a sustainable loan modification, they needed to prove that both incomes were available to support the mortgage and household bills. Most homeowners struggle here because lenders like PHH have strict documentation requirements for self-employed individuals who are not on the original loan.
The Solution: Precision Documentation & Expert Guidance
At United Capital Mortgage Assistance, we know that a generic application often leads to a denial. We immediately set to work building a loan modification package that PHH would accept.
We didn’t just send it and wait; we maintained consistent contact with PHH, updating our client every step of the way.
The Outcome: A Trial Plan Lower Than Expected
After our persistent follow-ups, PHH initially indicated the new payment would rise to $2,925.03. However, because our package successfully demonstrated their eligibility, we secured an FHA Partial Claim.
This approval resulted in a much more affordable Trial Plan Payment of $2,770.77 for the next three months.
Our client was reassured and quite thankful, realizing the Trial Plan payments were manageable and that he could once again stay current moving forward.
Get Help Today — Free Consultation
Call 1-800-474-1407 to speak with a foreclosure prevention expert – Contact UCMA or Apply Online. Trusted by Thousands Since 1997.
What Happens Next? We reviewed the Trial Plan documents in detail with our client, explaining the path forward:
Only when the lender confirms the modification is complete and the loan is current do we call our client with the final “good news”—it is finally over.
Is Your Self-Employed Income a Roadblock? Not With UCMA.
The complexity of satisfying lenders like PHH Mortgage, especially with non-borrower or self-employed income, requires specialized knowledge. Our success story proves that having an expert team prepare your application package can make the difference between denial and approval. Take the first step toward saving your home today.
📞 Call us now for a FREE, confidential foreclosure prevention consultation at 1-800-474-1407 or click on Contact UCMA or Apply Online
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