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Allstate Mortgage announces formation of reverse mortgage division

National Mortgage Professional
Apr 23, 2008

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 Acorn Housing. 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 the environment." "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
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