What is the REST Report
The REST REPORT is an impartial, third-party analysis tool.
It takes your current loan information, property information
and financial situation into account and then runs that data
against various loan disposition models, or analytics. The
REST REPORT is going to show you, the homeowner what you
qualify for, or if you don't qualify, it's going to tell you
why. Not only does it shed light on your situation but it
gives the firm you are working with a huge advantage
compared to someone without the report. Without the REST
Report what do you have? Nothing is the answer.
The bank knows everything about you, but you know nothing
about the bank and how they may in fact benefit by providing
you with an alternative to foreclosure. In most cases the
investor would in fact come out on top by helping rather
than the alternative which is foreclosure.
How much more income (if any) would you need to qualify for
a loan adjustment?
Might you qualify for a government loan program where you
could realize a lower monthly payment?
What if the bank would extend the term of your loan to 40
years or lower your interest rate or reduce some of the
principal that you owe? Would that work for you, as well as
for your bank?
If a loan refinance is unlikely, perhaps a Short Sale is a
better option for you. How much would you most likely have
to sell the home for? What would reasonable transaction fees
The REST Report will analyze multiple loan disposition
options and present the results. It proposes the optimal
win-win solution, striking a balance between what is most
affordable to you as a borrower while still providing the
lender with the highest possible return on their investment
which is known as being NPV Positive.
How can I get the REST Report?
We obviously believe that MARS compliant institutions that
utilize the REST Report provide a significant advantage:
Licensees can simply enter in your pertinent information and
the system will quickly DERIVE terms that work for both you
and your lender, - there's no guesswork involved. It's
imperative to know early in the process what may or may not
The REST REPORT doesn't just evaluate one model, - it
analyzes multiple models simultaneously: Government loan
adjustment programs (such as HAMP), other proprietary
programs, Short Sale options and foreclosure.
The REST REPORT will evaluate the different scenarios in
ways that the financial institutions typically perform their
own calculations, determining the Net Present Values (NPV)
of each option and then comparing them to one another. REST
Licensees have this significant information readily
available whenever they communicate with a lender or
If there is a discrepancy between the numbers that the
servicer used when evaluating a potential loan adjustment
and what was supplied to the REST REPORT for analysis, the
system allows for using Investor/Servicer overrides to
exactly mirror the inputs and/or reconcile any
Many of the REST Licensees already have significant
histories of using and submitting REST REPORTS. They also
have established relationships with servicers and lenders
who expect their loan adjustment packages to be submitted in
a certain way, - including the REST REPORT.