Hope LoanPort (HLP), a national, nonprofit, Web-based mortgage solution tool used for streamlining loss mitigation applications, has partnered with GMAC Mortgage to launch Homeowner Connect, a consumer-direct Web portal designed to standardize the communication lifecycle of loss mitigation activities between mortgage servicers and borrowers.
HLP will also partner with MortgageKeeper Referral Services, a Web-based database application containing over 6,000 nonprofit and government agencies in 20 different service categories. MortgageKeeper's application will help homeowners using HLP to access local solutions for their unique situations.
According to HLP, GMAC Mortgage sponsored this effort and will proactively notify its borrowers at risk of foreclosure about the availability of this option. Additionally, GMAC Mortgage customers will be able to securely apply for foreclosure alternatives, through Homeowner Connect, directly online, where they will have the ability to submit their application, track their status and upload all required documents.
‘We expect Homeowner Connect to be a real game changer in the industry as a powerful tool in assisting homeowners facing foreclosure,’ says Cam Melchiorre, president and CEO of HLP.