Services
Commercial Loan Modification
Khafre’s Commercial Loan Modification module delivers a complete loan modification solution for commercial properties including lead and data capture, qualification, file processing, document generation and submission. Our Commercial Loan Modification module can help you streamline every facet of your operation. With Khafre CLM, now you can:
- Calculate net operating income
- Complete your operating statement
- Dynamically create rent rolls
- Generate you commercial loan mod package
- Calculate proposed loan mod based on balance or rate reduction
- Communicate between corporate office and affiliates
- Provide property owner web access to upload time-sensitive info
- Build your clients portfolio
The Commercial Loan Module is now standard in Khafre Back Office.
Not a Khafre user? Get Khafre Now or learn more about our Commercial Loan Module below.
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Lead and Data Capture
Use Khafre Back Office to track your leads and to collect relevant data on your clients’ commercial properties including:
- Client Contact Information (multiple owners/principles)
- Hardship Reasons and Related Data
- Client Personal & Miscellaneous Income
- Client Properties (their entire portfolio) & Income
- Mortgages
- Debts, Assets & Expenses
- Exhibit Upload and Storage
- Unit Information
- Occupancy Status
- Asking Rent
- Market Rent Value
- Months Vacant
- Tenant Info
- Taxes, Utilities, Maintenance, etc.
Qualification
Khafre’s built-In Qualification Questionnaire helps you quickly determine client eligibility.
File Processing
Khafre automatically totals individual and cumulative client incomes, property incomes and rent-rolls, then dynamically uses this data to calculate Combined Mortgage Balance, PITI, potential incomes, vacancy loss, miscellaneous incomes, combined expenses, Net Operating Income (NOI), Debt Service Coverage Ratio (DSCR), Cash Flow, and more.
Khafre also calculates Modified Loan Monthly Payment, Payment Reduction, Amortized Payment Yearly and Modified DSCR and allows you to view results based on Loan to Value (LTV) or Combined Loan to Value (CLTV).
Document Generation & Submission
Once the client file in Khafre is ready to be submitted to the lender/servicer, generate individual documents or entire packages completely populated with client and property data (no need to copy and paste into external documents). These generated documents can then be printed and mailed or faxed to the lender and Khafre retains and tracks an electronic copy of the generated documents for reference and compliance. (Coming Soon: Fax directly from Khafre, eliminating the need to print)
MyKhafre
MyKhafre is your client’s no-cost, secure window into their file. They can help complete their profile, upload exhibits, view and respond to notes and view status of their file throughout the process keeping them engaged and informed.
Notes
Khafre’s built-in messaging system allows you to create notes associated with the file and to make those notes viewable by (or hidden from) the client. Each note is stored in Khafre with a time and date stamp maintaining total compliance.
Alerts / Reminders
Set individual reminders to follow up with the client or the servicer and view alerts automatically generated by the system. These alerts display inside of Khafre and also send you (or the client as appropriate) an email notification of the action needed or activity completed.
Timelines
Create your own custom workflow timeline of activities that need to take place on each file and schedule alerts to trigger for each file automatically based on the schedule you define. Once a file is created, the timeline automatically kicks in and begins sending action alerts and reminders to the file owners and watchers.
Exhibits
Upload and store client exhibits such as bank statements, pay stubs, tax returns, mortgage coupons, appraisals, photos, forensic audits, hardship letters, loan documents, Truth in Lending (TIL) statements, title reports, etc. There is no limitation as to the types of exhibits you can upload and store inside of Khafre.
Upload any type of electronic file including images, audio files, PDFs, MS Word, MS Excel, CSV, and more.
Compliance Engine and Reporting
Khafre tracks every login, action, note, alert, exhibit upload, document generation and other activity with a time and date stamp making audit compliance a snap. View the pipeline and activity for any file, user or branch using Khafre’s built-in reporting tools and export those reports to Excel as a CSV quickly and easily from within the Branch Administration area.
User Management
Easily add new users and provide them with only the rights and responsibilities needed to complete their job and quickly change those permissions as needs change. Deactivate users without losing their pipeline, notes, and history. Assign or reassign files from one user’s pipeline to another or allow temporary shared pipeline view. Watch any file in your organization’s pipeline to receive and review alerts and reminders and take action as needed.
Affiliate Users
For only $20 per month per affiliate user receive qualified leads and files from affiliates for processing by your company. Instantly grow your business without adding direct employees and related overhead. You can cover this cost at the corporate level or pass the cost onto the affiliate user and have the billing handled by Khafre.
Assign Account Executives within your organization to oversee the pipeline of the affiliate users assigned to them.
Offering Additional Services
Khafre utilizes a unique centralized and standardized database for your files allowing you to offer multiple services without re-entering client data. For example, your commercial loan modification client also needs a residential loan modification. Simply open the commercial client file in the Residential Loan Modification screen and the relevant data that was captured in the commercial screens automatically populates in the residential modification screens. Simply add information specific to the residential loan modification and process. Khafre includes modules for Debt Settlement, Credit Repair, Loan Modifications, Forensic Audits and Note Restructuring. (Coming Soon: Loan Origination, Short Sale, Insurance, Home Warranties, Solar Panels, Medical Office Management, Auto Dealership Management and more).
Peering
Need a Forensic Audit or an Appraisal? Does your client need Debt Settlement services? Peer to other service providers using Khafre and send a copy of the file for processing of these services. Updates to the copy files can be communicated back to your master file, keeping you in the loop, effectively increasing your product offering and revenues without increasing overhead by offering these services directly.
Partner Program Marketing & Khafre Konnect
As a Khafre Service Provider you have the option of participating in the Khafre Certified Partner Program which providers for marketing to Khafre Konnect users. Khafre Konnect is a network of Agents, Brokers and Originators already using Khafre to create files for submission to Service Provider Partners for processing. When a Konnect user is logged in, they will see your advertising and request a Konnection. Once peered to you they can send you files for processing in exchange for referral fees/commissions. Receive the file and review for eligibility before accepting the file for processing. Once approved, import the file into your pipeline and assign it to a processor.
