Non-profit organizations achieving HAMP success with HOPE LoanPort

Millions of homeowners across the country are seeking loan modifications and HOPE LoanPort, the Web-based housing counselor tool that streamlines submission of completed loan modification applications, is now at the forefront of making that dream a reality. Several organizations nationwide, including Neighborhood Housing Services (NHS) of Greater Cleveland, NHS of New York, NHS of Chicago, Cabrillo Economic Development Corporation and HomeFree-USA, have recently confirmed that some of its customers have received permanent Home Affordable Modification Program (HAMP) loan modifications via the use of HOPE LoanPort. While HOPE LoanPort is applicable to most types of loan modifications offered by mortgage servicers, those offered by the Obama Administration’s HAMP initiative have been the primary focus. With National Homeownership Month now in full swing, homeowners such as Fernando and Brenda Perez, from Simi Valley, Calif., who have been offered permanent loan modifications through the use of HOPE LoanPort, are highlighting this important nationwide initiative and raising awareness of the myriad free solutions available to struggling homeowners. Mr. and Mrs. Perez worked with Cabrillo Economic Development Corporation in Ventura, CA in order to get their permanent loan modification through the use of HOPE LoanPort. ”We are so thankful God led us to Cabrillo," said Mrs. Perez. "We’re also grateful that Cabrillo had the resources that allowed us to get a quicker decision on our loan modification application. Without their help we would have lost our home.” “HOPE LoanPort is changing the landscape of loan modifications and giving homeowners, housing counselors and servicers a viable and effective option for achieving permanent loan modifications.," said Larry Gilmore, president and CEO of HOPE LoanPort. "As huge advocates of the non-profit housing community, HOPE LoanPort and its partners remain committed to sustaining homeownership during National Homeownership Month by working together to leverage the automation provided by the Web portal.” Currently, more than 200 hundred housing counseling agencies across the country are committed using HOPE LoanPort’s proprietary technology for loan modification application submission. In addition, 11 mortgage servicers—American Home Mortgage Servicing Inc., Bank of America, Bayview Loan Servicing, Chase, Citi, GMAC, Ocwen Loan Servicing, OneWest, PNC Mortgage, Saxon Mortgage Services and SunTrust Mortgage Inc.—are all using the Web portal in conjunction with the counseling community. For more information, visit www.hopeloanportal.org.