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HOPE LoanPort brings loan mod solutions direct to consumers through new site

NationalMortgageProfessional.com
May 10, 2010

HOPE LoanPort has launched its consumer-based Web site, HOPELoanPortal.org. The new site will complement HOPE LoanPort’s Web-based housing counselor tool that is designed to streamline submission of completed loan modification applications. With the new site, HOPE LoanPort is positioned as the premiere destination for homeowner’s seeking information on loan modifications, links to industry and government foreclosure prevention resources, and easy access to a self-assessment form to determine potential qualification for Treasury’s Making Home Affordable HAMP modification. Additionally, www.HOPELoanPortal.org provides educational information to assist borrowers as well as a channel for those borrowers to link with the non-profit counseling community that provides free counseling across the country. For non-profit counselors, the Web site will streamline the process for them to sign up to use the HOPE LoanPort web portal. “Our goal with HOPELoanPortal.org is to allow at-risk homeowners to directly assess their ability to qualify for a loan modification, assist them in identifying non-profit housing counseling assistance, and work with the counseling community to provide full modification packages using the HOPE LoanPort portal," said Larry Gilmore, chief executive officer of HOPE LoanPort. "We are signing qualified HUD certified counselors trained in foreclosure prevention and gaining counselor participation at a record pace. There has never been a Web-based homeowner resource as comprehensive as HOPELoanPortal.org and we currently have the support of nine major mortgage servicers and more than 250 non-profit counseling offices. Our membership is growing rapidly and we are pleased to be able to offer these vast resources to homeowners absolutely free.” HOPE LoanPort, developed by the HOPE NOW Alliance, is a Web-based tool that streamlines loan modification applications on behalf of borrowers at-risk of foreclosure, allowing housing counselors to efficiently transmit completed applications to mortgage servicers. HOPE LoanPort is designed to improve the quality of both the application itself and the ability of servicers to make decisions on that application. For more information, visit www.HOPELoanPortal.org.    
Published
May 10, 2010
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