Loans
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Loan Modifications

South Carolina bankruptcy courts are proponents of lender accountability for loan modification applications through their support of the  DMM Portal process, an online application system enabling debtors to upload their loan application package to the lender instead of faxing or mailing it with the fear of missing documents and allowing their attorneys instant communication with lenders in a format where every document submitted is easily viewed by the lender, debtors’ counsel or the court.  This  system has streamlined the loan modification/loss mitigation application process making the hardship applications transparent and efficient, typically resulting in saving debtors money.  The DMM Portal is an efficient way to apply for a loan modification and has a greater success rate than applying outside the portal.  As recently as December 2016, as some of the pioneers of the program reaching the state court level, Jane and her paralegal spoke on a panel to the Lexington County Bar and court about potentially implementing the use of the portal in state court.  As of now, the process is only used in bankruptcy courts in South Carolina with approximately a 65% success rate.  Jane’s staff is familiar with the portal program and is willing to assist in the loan modification application process.