ServiceLink Partners with Home CORE to Promote Homeownership

""ServiceLink"":http://www.servicelinkfnf.com/--an end-to-end origination, servicing, and default solutions provider, partnered with ""Home CORE"":http://www.homecoreusa.net/, a national network of nonprofit service organizations committed to providing homeownership opportunities to low-to-moderate income families.

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The network is able to support efforts toward homeownership through down payment assistant programs and by purchasing and rehabilitating foreclosed and condemned properties nationwide.

Through the partnership, Pennsylvania-based ServiceLink will help Home CORE reach its objective of increasing affordable homeownership opportunities by managing all of the activities needed to transition properties into move-in condition.

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Those activities include assisting with due diligence, coordinating and overseeing rehabilitation and repairs, providing title and closing services, and supporting the loan origination process through borrower counseling, the company stated.

ServiceLink works with traditional lenders and servicing companies, as well as private equity groups, investment trusts, and large nonprofit organizations to convert their pools of real estate owned (REO) properties into lease, rental, or purchase properties.

""By combining the assets and resources of more than 20 leading non-profit organizations, we have the scale to significantly impact housing needs across the country,"" said Rita Sullins, Home CORE's national program director. ""With that, however, come greater operational challenges in managing this large number of properties spread nationwide. ServiceLink's end-to-end capabilities make them the perfect partner to support our mission.""

""I believe that by partnering with Home CORE to transform large pools of REO properties into viable homes for America's low-to-moderate income families, we will have a meaningful positive impact on both our nation's housing market and economic recovery,"" said Stacey Bayley, SVP of asset management with ServiceLink.