MortgageHub and USFN partnerMortgagePress.comHome retention,loss mitigation
MortgageHub has partnered with USFN, to launch the Home
Retention Alliance (HRA), an organization designed to provide home
retention and loss mitigation services that offer borrowers and
lenders alternatives to home foreclosure.
Orlando-based HRA will operate an integrated, open-platform
solution, to help servicers respond to the surge in defaults and
foreclosures, in order to counteract the steep increase in workload
and costs associated with loan workouts.
Bensalem, Pa.-based MortgageHub is a Web service platform
developer for the mortgage industry. For more information, call
(610) 834-3800 or visit www.mortgagehub.com.
Tustin, Calif.-based USFN is a national, nonprofit association
of attorneys, trustee companies and associates, which provides
default services to the mortgage banking industry. For more
information, call (800) 635-6128 or visit www.usfn.org.