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Hope Now Reaches At-Risk Borrowers Online

Hope LoanPort officially launched its consumer-based website, HopeLoanPortal.org. The new website was designed to complement Hope LoanPort's Web-based housing counselor tool that is designed to streamline submission of completed loan modification applications.

With HopeLoanPortal.org, Hope LoanPort hopes to further its goal to be a destination for homeowner's seeking information on loan modifications, links to industry and government foreclosure prevention resources, and easy access to a self-assessment form to determine potential qualifications for a HAMP modification.

Additionally, HopeLoanPortal.org provides educational information to assist borrowers as well as a channel for those borrowers to link with the nonprofit counseling community that provides free counseling across the country. For nonprofit counselors, the website will streamline the process for them to sign up to use the Hope LoanPort Web portal. "Our goal with HopeLoanPortal.org is to allow at-risk homeowners to directly assess their ability to qualify for a loan modification, assist them in identifying nonprofit housing counseling assistance, and work with the counseling community to provide full modification packages using the Hope LoanPort portal. We are signing qualified HUD certified counselors trained in foreclosure prevention and gaining counselor participation at a record pace," said Larry Gilmore, CEO of Hope LoanPort.

"We currently have the support of nine major mortgage servicers and more than 250 nonprofit counseling offices. Our membership is growing rapidly and we are pleased to be able to offer these vast resources to homeowners absolutely free."

Hope LoanPort, developed by the Hope Now alliance, is a new Web-based tool that streamlines loan modification applications on behalf of borrowers at risk of foreclosure, allowing housing counselors to 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.