Bank Of America Joins HOPE LoanPort Roster

f America has agreed to use HOPE LoanPort, a Web-based housing counselor tool created by HOPE NOW, to streamline the submission of completed loan modification applications. Bank of America becomes the 11th mortgage servicer to sign on to HOPE LoanPort, joining American Home Mortgage Servicing Inc., Bayview Loan Servicing, Chase, Citi, GMAC, Ocwen Loan Servicing, OneWest, PNC Mortgage, Saxon Mortgage Services and SunTrust Mortgage Inc. HOPE LoanPort also has commitments from more than 200 counseling organizations across the country. "We are making great progress in helping our financially troubled customers complete loan modifications, now leading the industry in modifications completed and modification offers extended through HAMP," says Rebecca Mairone, default servicing executive for Bank of America. "The nation's housing counselors play a critical role in this process, working hand in hand with struggling homeowners.’ SOURCE: [link=]HOPE LoanPort


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