« American Home Reaches Deal With Freddie Mac | Main | Visionet Systems Inc. Makes History With New Indexing and Data Extraction Technology »
September 21, 2007
MortgageHub & USFN Launch Home Retention Alliance
USFN has forged a partnership with mortgage solutions provider MortgageHub to increase home retention and loss mitigation options for troubled borrowers nationwide.
The merger's resulting entity is an organization called the Home Retention Alliance (HRA), which plans to focus on creating “innovative alternatives to foreclosure” across the United States. Functioning as an integrated, open platform solution, HRA helps servicers respond to the surge in defaults and foreclosures, counteracting the steep increase in workload and costs associated with loan workouts.
Posted by S. Germain at September 21, 2007 08:03 AM