RoundPoint Mortgage Servicing Corp. has been selected as a subservicing partner for Neighborhood Lending Services (NLS), an Illinois-based nonprofit mortgage lender and an affiliate of Neighborhood Housing Services of Chicago Inc. (NHS), a nonprofit neighborhood revitalization organization.
NHS has served more than 228,000 clients, since its inception, by providing homeownership education classes and fixed-rate loans to purchase, refinance or rehab a home through NLS.
NLS was created in response to a growing need for creative and flexible loan products in low-to moderate-income communities. Founded in 1987, it provides mortgage lending in neighborhoods throughout Chicago, Elgin/northeast Kane County and south suburban Cook County.
“NLS provides much needed capital for its low-to-moderate-income customers and with RoundPoint’s subservicing expertise, we are well positioned to support them in their efforts to improve their customer service and grow,” says Allen Price, senior vice president of business development for RPMS, in a release.
