Ellie Mae donates services to Acorn HousingMortgagePress.comforeclosure, low income, housing counseling, foreclosure prevention
Assistance will help tens of thousands of low income
individuals avoid foreclosure
Ellie Mae has donated professional services to Acorn Housing, a
national non-profit organization providing free housing counseling
to low and moderate income homebuyers. Acorn Housing also provides
foreclosure prevention services to assist homeowners who are
currently in default on their mortgages to renegotiate their
programs with loan servicers.
"Acorn Housing has a very aggressive goal of helping 25,000 low
to moderate income individuals avoid foreclosure in the coming
year—that's more than six times the volume we've done in the
past," states Richard Hayes, director of strategic projects for
Founded in 1987, Acorn Housing has been an Encompass Anywhere
user for over a year and will be using Ellie Mae's donated
professional services to create a custom workflow that simplifies
and streamlines its negotiation process when acting on behalf of
homeowners with defaulted loans.
"Ellie Mae's professional services will help us to customize
Encompass Anywhere to automate many of the functions in the
foreclosure prevention process," says Hayes. "That will save us
countless hours, while ensuring consistency and raising accuracy
across the board. In short, we'll be able to help more people in
less time. Plus, with Encompass' electronic document management
services, we'll be saving 700 to 1,000 sheets of paper each day
that would normally have been sent over a fax machine; so while
we're helping to save homes, we're also doing our share to preserve
"It's great to be a part of Acorn Housing's valiant efforts to
assist so many homeowners who are in dire need of foreclosure
prevention services," states Sig Anderman, chief executive officer
for Ellie Mae. "We are happy to do our part in helping homeowners
who might otherwise be forced to lose their homes."
For more information, visit www.elliemae.com.