HOPE LoanPort, the Web-based housing counselor tool that streamlines the submission of completed loan modification applications, announced that 62 additional housing counseling offices are now live on its system and able to submit loan modification applications directly to participating mortgage servicers. This brings the total number of counseling offices nationwide committed to HOPE LoanPort to more than 200.
HOPE LoanPort has more than 200 additional counseling agencies that have registered to use the tool, are in training, or are currently testing before going live. HOPE LoanPort is optimistic an additional 100-150 counseling agencies will go live in July, taking the total number of agencies to more than 300.
Eleven mortgage servicers are currently signed on to HOPE LoanPort as well, including American Home Mortgage Servicing Inc., Bank of America, Bayview Loan Servicing, Chase, Citi, GMAC, Ocwen, OneWest, PNC Mortgage, Saxon Mortgage Services and SunTrust Mortgage Inc.
Additionally, the Web portal has been endorsed by House Majority Leader, Congressman Steny Hoyer (MD) and the Maryland Department of Housing and Community Development.
“HOPE LoanPort continues to build momentum and is clearly becoming the future of loan modification processing," said Larry Gilmore, chief executive officer and president of HOPE LoanPort. "As we continue our growth, new counseling offices and mortgage servicers are adopting our technology each month and HOPE LoanPort is available for homeowners across the country. With 11 of the nation’s largest mortgage servicers already committed to HOPE LoanPort, we believe we are offering non-profit housing counselors nationwide the absolute best opportunity to assist their homeowners in reaching faster, more effective decisions on their mortgages. We remain committed to adding more counselors and servicers to the roster in the near future, as well as other mortgage market participants and state housing finance agencies."
HOPE LoanPort, powered by RxOffice and 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.