ADAPT releases NPV decisioning engine for streamlined loan mods.

ADAPT Enterprise LLC, Ronkonkoma, New York, provider of an on-demand software solution for loss-mitigation specialists in every sector, has released ADAPT (Automated Decisioning Asset Performing Technologies), a Web-based net present value (NPV) decisioning engine.

ADAPT is designed to empower mortgage brokers, attorneys, community-based organizations and others to support servicers by preparing loan-modification packages that conform to the government's Home Affordable Modification Program (HAMP) guidelines automatically.

The tool enables loss-mitigation professionals to instantly determine the eligibility of a loan modification, based on HAMP guidelines. The system applies the base NPV calculations and defines the reduced rate, modified term and step rate along with principal forbearance (if suggested), all in real time. It then produces the package for the servicer's review.

"Servicers are overwhelmed with the volume of loan modifications they are receiving right now, and cannot deal with them because they are so busy dealing with borrowers who are closer to being foreclosed upon," said Tom Sato, president of ADAPT. "This tool will allow loss-mitigation specialists to do the heavy lifting for mortgage loan servicers, providing them with deals that will meet HAMP guidelines--complete with the paperwork to move the deal through to closing," he said.

ADAPT provides a secure prequalification application exchange, which is triggered by the end user, enabling the homeowner to enter data in a secure Web environment. The tool informs all parties that the homeowner is required to enroll in a HUD-approved housing-counseling program automatically if it detects that the back-end debt-to-income (DTI) ratio exceeds 55 percent. The system will automatically import the borrower's data into the Freddie Mac Loss Mitigation Transmittal Summary form as soon as it automatically confirms borrower eligibility.