LenderLive Network Inc., a provider of business process outsourcing and technology to the financial industry, has announced that it has performed at least one of its services on more than 600,000 loans under the Home Affordable Modification Program (HAMP) campaign. In turn, the company has put approximately 200,000 borrowers in trial plans to date. HAMP is part of the federally mandated Making Home Affordable program, which touts allowing up to nine million Americans to refinance or modify their home loans. Since the campaign launched in April 2009, LenderLive has performed at least one or more services on 4,000 to 6,000 loans each day.
“We are happy to have made such a significant contribution to the program,” said Rick Seehausen, president and CEO of LenderLive Network. “Providing value added services to loan servicers in the form of advanced technology solutions and back office support has allowed our clients to achieve greater success in the execution of the HAMP program.”
LenderLive currently manages several aspects of the HAMP program for its servicer clients, including customer contact services, underwriting review of loans, document management and document preparation.
For more information, visit LenderLive.com.