Loan mod portal catching on

HOPE LoanPort accepts applications from housing counselors

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HOPE LoanPort, a Web-based portal developed by the HOPE NOW Alliance of loan servicers to streamline the collection of loan modification applications, is catching on with loan servicers and housing counselors.

More than 1,700 housing counselors from 360 organizations in 47 states, Washington, D.C., and Puerto Rico are using or have committed to use HOPE LoanPort to transmit completed loan modification applications to mortgage servicers.