The National Association of Mortgage Brokers (NAMB) has signed a contract with Home Loan Advocates to act as its endorsed service provider for consumer home loan modification. After researching more than 20 nationally recognized loan modification firms, Home Loan Advocates was chosen to launch a referral program for loan originators to extend home loan modification service to their clients, based on the company's "no up-front fee" policy. The referral program will be introduced to NAMB members and state affiliates on June 27, 2009 at NAMB's Mid-Year Meeting to be held at the Watermark Hotel & Spa in San Antonio, TX, in a special session titled, "Fixing Loans and Saving Homes with No Up-Front Fee Loan Modifications." David Bartels, president of Home Loan Advocates, and one of the nation's leading experts on no up-front fee loan modification, will teach mortgage originators the best practices used to process loan modifications and negotiate affordable mortgage payments for troubled home owners. Additionally, Art "Ski" Swiatkowski, a certified NAMB trainer and member of the NAMB task force on loan modification, will introduce the NAMB-endorsed referral program for loan originators, and discuss how and why Home Loan Advocates was chosen. "In today's market, loan originators are overwhelmed with clients who do not qualify for a refinance, but still need our help," stated NAMB immediate past president George Hanzimanolis. "Our goal is to provide a trusted resource to our members - on a state and national level - so they have a vehicle to help home owners across the country who are struggling to make their mortgage payments. Because of their 'no up-front fees' policy, we feel that Home Loan Advocates is the best choice for home owners who need help with loan modification right now." With foreclosures reaching record levels, many lenders are now willing to renegotiate loans, rather than let their borrowers go into foreclosure. A foreclosure is much more costly to the lender, who ends up having to pay for repairs and wait for the home to sell in a down market. Loan modification helps both the lender and the borrower with cash flow issues. Under the Obama administration's Home Affordable Modification Program, homeowners do not have to be behind on their mortgage payments to be eligible for a loan workout. Home owners may submit their own paperwork to the lender. However, many borrowers who attempt to negotiate their own loan modification are turned down. "Fifty percent of all home owners who attempt to manage their own loan modification fail, simply because they don't have the experience to submit the package properly," stated Bartels. "Even if a borrower has been turned down, in most cases we are able to resubmit the package and get the mortgage payment reduced." Mortgage originators who are interested in signing up for the program are encouraged to attend the NAMB Mid-Year Meeting on June 27, 2009 at the Watermark Hotel & Spa in San Antonio, TX. Registration is available online by clicking here or contact Aubrey Eyer by phone at (703) 342-5864 for more information. Doors open at 8:30 a.m. Admission for the full-day event is $199 and includes lunch. For more information, visit www.namb.org or www.homeloandadvocates.org.