HomeFree-USA Using HOPE LoanPort to assist homeowners facing foreclosure

HomeFree-USA, one of the charter members of HOPE LoanPort, now has 32 affiliates across the country signed on to use the Web-based tool that is being used in an effort to keep more families in their homes. HOPE LoanPort allows U.S. Department of Housing & Urban Development (HUD)–approved housing counselors to submit completed Home Affordable Modification Program (HAMP) applications on behalf of at-risk borrowers, directly to mortgage servicers via the internet. As a HUD-approved non-profit organization, HomeFree-USA, and its housing counselors across the country, will have access to the HOPE LoanPort technology 24/7, allowing the organization to assist borrowers quickly and efficiently, with their fully completed HAMP applications. “HOPE LoanPort™ is truly the future of foreclosure prevention counseling,” said Marcia Griffin, president and founder of HomeFree-USA. “This cutting edge technology is helping housing counseling agencies and lenders to produce more loan modifications much more rapidly. We are thrilled to be working with HOPE LoanPort as it is a valuable tool to have in our arsenal.” “HomeFree-USA has been instrumental in helping us develop this tool and we appreciate their support since the pilot launch back in November of 2009," said Larry Gilmore, chief executive officer of HOPE LoanPort. "We are happy that they are one of several HUD-approved organizations that have embraced this project and we look forward to a long and meaningful relationship. We sincerely hope that HomeFree-USA’s participation will encourage other counseling organizations to join HOPE LoanPort in its mission to keep more families in their homes via loan modifications.” For more information, visit www.homefreeusa.org or www.HopeNow.com.