Homeowner Toolbox Offers New Private Label Software Technology to Non-Profits
CounselorDirect software allows state housing authorities, non-profit organizations and HUD-approved housing counselors to streamline and prequalify their growing number of loan modification requests
IRVINE, Calif.–(BUSINESS WIRE)– Homeowner Toolbox Inc. (www.homeownertoolbox.com), a lifeline for homeowners looking for mortgage relief, today announced that they will be making their popular online tool available as a private label option to state housing authorities, non-profit organizations and HUD approved housing counselors. Called CounselorDirect (www.counselordirect.com), the software will allow agencies besieged with consumer requests for loan modifications, short sales and other relief options to better manage and streamline the process. Mortgage relief organizations can direct interested parties to a private labeled version of the CounselorDirect software which will guide the homeowner through a detailed prequalification process. The software will also offer a host of advice and information on the process and timelines for possible modification or other relief – freeing agencies from the flood of calls and allowing them to allocate resources to processing cases. CounselorDirect uses a proprietary Probability Meter™ that accurately predicts the likelihood of a successful loan modification based on the unique financial makeup of each user. Few homeowners understand that they can be denied for simply being off by as little as ten-dollars in either direction from their lender’s unique “sweet spot.” The meter will also identify a user’s eligibility for Obama’s Making Home Affordable Program. The meter works in real time and moves up or down as each piece of financial data is entered into the online Financial Worksheet (required as a key part of any loan modification package). The Probability Meter™ varies based on the specific lender and helps the homeowner identify the necessary lifestyle and budgetary changes they may need to make in order to qualify for their lender’s modification programs.
“With the passage of SB94 in California, and similar legislation in other states, non-profit housing counselors have seen a spike in demand for their services,” explains Andy Firoved, CEO of Homeowner Toolbox Inc. “By leveraging our automated technologies our clients can efficiently scale to meet the needs of the growing number of families that require assistance.”
After following the detailed interactive online program, homeowner cases are then forwarded directly to a counselor for direct phone or in-person assistance. By automating the data collection and intake process, counselors are able to streamline the application process, shorten wait times for counseling appointments and focus their efforts on counseling homeowners rather than collecting and compiling paperwork.
For additional information, homeowners can visit the Web site at: www.homeownertoolbox.com and city agencies and non-profit organizations can visit: www.counselordirect.com.
About Homeowner Toolbox
Homeowner Toolbox, Inc. is a lifeline for homeowners looking for mortgage relief. The company, founded by experienced financial executives, offers a proven, and finally affordable, alternative to hiring costly loan modification consultants. Instead of spending thousands with someone over the phone to help “fix” a mortgage, Homeowner Toolbox has created a self-guided tool, complete with a Probability Meter™, which offers a step-by-step solution through the loan modification process and puts a submission-ready package into the user’s hands – all for free! Homeowner Toolbox provides a detailed financial evaluation, with tailored guidance on how best to present a modification package to a lender for maximum results. Those interested in additional information can visit www.homeownertoolbox.com.