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HLP, GMAC Team Up to Launch Consumer Web Portal

""Hope LoanPort"":https://www.hopeloanportal.org/ announced Monday that it is partnering with ""GMAC Mortgage"":http://www.gmacmortgage.com/index.html to launch a new consumer direct web portal.


The portal, called ""Homeowner Connect"":https://www.homeownerconnect.org//, is designed to standardize the entire communication life-cycle of loss mitigation activities between servicers and borrowers. Homeowners struggling with their mortgages will have the ability to connect with free resources, including options for government or industry programs, from any computer with Internet access.

Additionally, GMAC Mortgage customers will be able to securely apply for foreclosure alternatives through Homeowner Connect.

Homeowner Connect was created in response to the national mortgage settlement, which called for a consumer-centric web portal. The site also aligns with requirements in the OCC's Consent Orders, the joint-GSE Servicing Alignment Initiative, and many new state policies.

""GMAC Mortgage has been a pioneer in the industry and a great partner since the creation of Hope LoanPort. A great deal of insight was provided by GMAC's team in the creation of this free, user-friendly utility. We expect Homeowner Connect to be a real game changer in the industry as a powerful tool in assisting homeowners facing foreclosure,"" said Cam Melchiorre, president and CEO of Hope LoanPort.

Hope LoanPort is a web-based tool that streamlines home retention applications on behalf of borrowers at risk of foreclosure.

Based in Fort Washington, Pennsylvania, GMAC Mortgage offers home mortgage services.

About Author: Tory Barringer

Tory Barringer began his journalism career in early 2011, working as a writer for the University of Texas at Arlington's student newspaper before joining the DS News team in 2012. In addition to contributing to DSNews.com, he is also the online editor for DS News' sister publication, MReport, which focuses on mortgage banking news.

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