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Friday, May 24, 2013

Mortgage Relief - Hope Loan Port Hands Jail Keys to Inmates

Mortgage Relief - Hope Loan Port Hands Jail Keys to Inmates


 McGrath & Spielberger works with borrowers to save their homes.

Certain mortgage loan servicers, like Bank of America, force us to use a "neutral" online platform to submit mortgage loan relief and loss mitigation applications. This platform is known as Hope LoanPort (although it does not own the rights to that URL, apparently). The primary problem is that one cannot upload documents into this system unless the bank / mortgage loan servicer allows it. 


Hope LoanPort documents screen - click to enlarge


Hope LoanPort documents


For example, let's say that you need to update your hardship affidavit because you have suffered an additional hardship or your circumstances have changed. You can't do it unless BOA allows you to; you are locked out at the bank's whim. Just what we need, right, handing the keys to the jail to the very inmates we are trying to reform After all, the large banks have always proved themselves to be model corporate citizens which can be trusted to do the right thing. (Or, perhaps not.)