* Full service is based upon a Resource Factor of three(3). The RF is determined to be an approximation
of the anticipated amount of labor and resources utilized to perform
full default prevention services as outlined in the default prevention
plan. In summary, your in house labor will reduce the amount of "full service" by the RF of (3.0).
Resource Factor takes into consideration the resources and
labor relating to the following:
1. Data entry.
2. In school servicing of references and reference verifications.
3. Grace period servicing.
4. Delinquency servicing, written and verbal.
5. Skip tracing services, written and verbal.
4. Forbearance/deferment processing written and verbal.
The costs of implementing a sound default prevention program
vary depending on which default prevention tools the institution chooses
to implement. Costs fall into two categories:
• Resource expenses associated
with developing the default prevention program:
o Workstations equipped for internet access
o High speed data connections, internet access
o Training
• Resources associated with
the day-to-day operation of the default prevention program:
o Personnel costs such as wages
o Supplies
o Paper
o Envelopes
o Postage, and
o Postcards
o Overhead costs
o Telephone service
o Long distance
o Utilities
o Maintenance
o Training and Support
Training and Fees
Default Prevention.com provides you with training and
support according to the following schedule. The system is simple to
use and most schools are up and running well within the first month.
Month
Infrastructure
Comprehensive
1
Free
Free
2
$75.00 hour
2 hours free($100.00/hr thereafter)
3
$100.00 hour
2 hour free ($100.00/hr thereafter)
Challenges and Appeals
are available on case by case basis. Email mattk@defaultprevention.com
for consultation and quote.
