LoanResolve.com has launched an online foreclosure resolution and loan modification engine that is designed to assist distressed homeowners, lenders and servicers in compiling relevant document information, exchanging documents and, in some cases, allowing the homeowner to self-resolve a default.
Subscribers receive an anonymous mailbox on the system that allows lender-borrower communication in real-time via e-mail, text message or fax, the company explains. Foreclosure resolution tools are available 24/7, and the site also provides links to educate borrowers and guidance in obtaining employment and credit repair.
LoanResolve.com notes that it does not provide lending or counseling – only an access channel to connect lenders and borrowers.
