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""NeighborWorks America"":http://www.nw.org announced Tuesday that it received $1 million from ""the Rockefeller Foundation"":http://www.rockefellerfoundation.org in New York to support infrastructure development and[IMAGE]
technical upgrades for the organization's network of nonprofit housing counselors.
NeighborWorks says the grant will help to strengthen and supplement its counseling capacity and increase the efficiency with which its community-based members are able to help homeowners avoid foreclosure.
[COLUMN_BREAK]Specifically, the grant will help NeighborWorks America provide data management and technical support to nonprofits using a system called CounselorMax to manage homeowner client data, as well as deliver that information to servicers through the HOPE LoanPort to streamline the loan modification application process. In addition, the grant will support community-based outreach events for homeowners at risk of foreclosure.
""Homeowners and housing counselors need better technology to work through the complicated details and document requirements for a long-term, successful mortgage modification,"" said Ken Wade, CEO of NeighborWorks America. ""The support from the Rockefeller Foundation will improve the work of nonprofit organizations that have been slowed by a paper-based system and inefficient mortgage modification delivery process.""
Since 1991, NeighborWorks has assisted nearly 1.2 million low- to moderate-income families with their housing needs. Its network consists of more than 235 community development organizations, working in more than 4,400 urban, suburban, and rural communities, in all 50 states, the District of Columbia, and Puerto Rico.
