TheMReport

August 2014

TheMReport — News and strategies for the evolving mortgage marketplace.

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TH E M REP O RT | 37 O R I G I NAT I O N S E R V I C I N G A NA LY T I C S S E C O N DA R Y M A R K E T DEPARTMENT ORIGINATION Hope LoanPort® (HLP) is a 501(c)(3) nonprofit, neutral, national utility providing technology-based solutions that facilitate transparency, accessibility, consistency of treatment and a superior experience to consumers and their advocates in pursuit of foreclosure alternatives and affordable home loans in underserved markets. A WEB-BASED UTILITY CONNECTING HOMEOWNERS TO THEIR SERVICERS FACILITATING COMPLIANCE • Facilitates alignment with industry guidelines and regulations such as turn time tracking, status coding, document feedback, and internal messaging between stakeholders. • Identified as a model portal in the National Mortgage Settlement. • Supports the MHA Outreach and Intake Project (SD 13-01). • Delivers seamless servicing transfers consistent with the CFPB Bulletin 2013-01: Servicing Transfers. SOLUTIONS Loss Mitigation: Facilitates the secure storage and exchange of case information, documents, and messages between the parties in a transparent platform that supports the compliance requirements. Increases operational efficiency through case management tools for workflow, case pipelines, and detailed analytic reports. Mediation in Foreclosure: Provides standardized information, documents, and access for all key stakeholders - servicer attorneys, borrower attorneys, and state mediation representatives. Mortgage Servicing Transfers: Delivers the seamless transfer of case data, documents, and communications for in-process workouts that allows for uninterrupted processing. Consumer Direct Portal: Offers an easy-to-implement option for consumers to work directly with their servicer on a foreclosure alternative application through www. homeownerconnect.org. MORTGAGE SERVICERS HOMEOWNERS ADVOCATES Counselors Attorneys Authorized 3 rd Party One Platform for Foreclosure Alternative Processing Brian DiMarco Director of Industry Communications 484-942-0971 bdimarco@hopeloanportal.org HLP has a network of over 1,400 registered counseling agencies nationwide Mortgage Servicers managing over 80% of the residential mortgages in the United States

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