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710 Form Help
The 710 Form is also known as the Uniform Borrower Assistance Form (UBAF) and is used for applying for a short sale or a loan modification review. There is a box on the first page that states the borrowers intent to be reviewed for all options or only options to leave the property. Depending on what box is checked will determine what mortgage workout option is initially reviewed by the servicer. This form is primarily used by Fannie Mae and Freddie Mac backed accounts but servicers or other investors may at times use this form. The 710 Form and the items requested on it will set the foundation of the work out options document package. Additional items may be requested throughout the process depending on investor and borrower circumstances. It is important to complete this form properly or else delays may occur in the review. Also, ensure to send the documents to the proper location to ensure they get scanned and imaged into the system promptly, this will save time and potential headaches.
If you run into challenges, you may be able to escalate to the servicers escalation department, or floor managers. You can also escalate to Fannie Mae or Freddie Mac to see if you can get additional support.
You can download the Uniform Borrower Assistance Form below by completing the contact form or call 1-800-692-9960 for short sale or other mortgage assistance questions.