Specifically, the grant will help NeighborWorks America provide data management and technical support to nonprofit organizations using CounselorMax™ to manage homeowner client data and to deliver and track that information to the servicers through the HOPE LoanPort, a web-based tool developed by the HOPE NOW Alliance that streamlines loan modification applications on behalf of borrowers at-risk of foreclosure, allowing housing counselors to efficiently transmit completed applications to mortgage servicers. In addition, the grant will also 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. As a result of these investments, counselors will be able to serve homeowners at risk of foreclosure more efficiently and effectively.”