$1M Grant Supports NeighborWorks America Counselors

Posted by Orb Staff on May 27, 2010 No Comments
Categories : Mortgage Servicing

rWorks America has received a $1 million grant from the Rockefeller Foundation in support of infrastructure development and upgraded technical support for nonprofit housing counseling organizations. The grant will help to supplement nonprofit housing counseling capacity, NeighborWorks America says. 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 submitted by counselors on behalf of borrowers at-risk of foreclosure. "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,’ says Ken Wade, CEO of NeighborWorks America. In a separate announcement, HOPE LoanPort reports that Consumer Credit Counseling Service of Delaware Valley, with 19 offices in the Philadelphia metro area, has committed to the Web portal. SOURCES: [link=http://www.nw.org/newsroom/pressReleases/2010/netNews052510.asp]NeighborWorksAmerica[/link], [link=http://www.hopeloanportal.org/press_release/files/LoanPort_CCCS%20DV_05_25_10%20_2_.pdf]HOPE LoanPort

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