HOPE LoanPort, the Web-based housing counselor tool that streamlines submission of completed loan modification applications, reports that Bayview Loan Servicing LLC and Ocwen Loan Servicing LLC have agreed to use its proprietary technology.
The signing of Bayview and Ocwen moves HOPE LoanPort closer to its goal of having more than a dozen mortgage servicers using the Web portal by the end of the year. The two companies join charter members American Home Mortgage Servicing, Inc., Chase, GMAC, PNC Mortgage, Saxon Mortgage Services and SunTrust Mortgage Inc.
The portal also has commitments from more than 100 counseling organizations across the country.
"We are convinced that HOPE LoanPort provides customers with user-friendly technology available for transmission of crucial mortgage documents, and we believe that this tool will allow Bayview to handle a higher volume of applications with maximum efficiency and accuracy," says Bob Repass, senior vice president of Bayview.
SOURCE: HOPE NOW