""HOPE LoanPort"":http://www.hopeloanportal.org, a proprietary, Web-based tool used by non-profit housing counselors, housing finance agencies, investors, and major mortgage servicers, recently added North Dakota to its roster, making it live in all 50 states, the District of Columbia, and Puerto Rico.[IMAGE]
The nonprofit organization, which recently completed its first full year of operation, allows housing counselors to submit an application, including the upload of homeowner documents, for home retention in a secure environment.
The tool also allows enhanced client tracking via real-time status updates from mortgage servicers. Decisions on[COLUMN_BREAK]
completed applications arrive in approximately 30 to 60 days.
HOPE LoanPort is free for all HUD-certified and National Foreclosure Mitigation Counseling (NFMC) program counselors.
Currently used by more than 2,700 non-profit housing counselors from more than 600 organizations, HOPE LoanPort also provides select strategic partners with a direct-to-borrower portal, which allows at-risk homeowners to submit an application for assistance.
Through the system, counselors are connected to more than 800 users on the mortgage servicing side, representing companies that currently service approximately 80 percent of all mortgages in the United States.
""We completed our pilot phase in June of last year, and since then we have grown from six original counseling partners to more than 600 organizations nationwide who are using our tool on a daily basis to assist homeowners,"" said Larry Gilmore, president and CEO of HOPE LoanPort.
""Additionally, we are partnered with 15 major mortgage servicers, several state housing finance agencies, and other mortgage market participants all with the common goal of keeping homeowners in their homes,"" Gilmore added.