Banker’s Portfolio Successfully Processes over $10
Billion of Loans Through its Hope for
Homeowners Batch Decisioning Engine
June 30, 2010 06:04 PM Eastern Daylight Time
IRVINE, Calif.--(EON: Enhanced Online News)--Banker’s Portfolio’s proprietary Hope for Homeowners (H4H)
batch decisioning engine identifies borrowers that qualify for the H4H product within a portfolio of loans.
Some of the key results that are provided for each borrower are: H4H maximum loan amount, estimated net
proceeds and a foreclosure comparison. These results assist the existing mortgage holder in determining if the H4H
refinance is a viable exit strategy.
“Following the portfolio decisioning, the existing mortgage holder directs pre-qualified borrowers to one of the
approved Lender Partners for loan processing and closing,” explained Mr. Harrison, the Director of Business
Development for Banker’s Portfolio.
Mr. Harrison continued, “Banker’s Portfolio approves Lender Partners who meet the required profile to receive the
pre-qualified, incoming leads. There is no cost for the leads but the Lender Partner must execute an agreement that in
part covers: customer care, closing costs, pricing and 60 day rolling capacity levels.”
Banker’s Portfolio, LLC secured a forward commitment for the purchase of the H4H securities and has been filling
that commitment by entering into agreements with existing mortgage holders to provide a turnkey, outsourced H4H
solution. The Lender Partners are provided access to the forward commitment prior to the H4H originations to
insure liquidity and execution.
The H4H refinance provides a solution for delinquent and non-delinquent borrowers to refinance and gain equity
since the new loan amount is based on the home’s current value. To participate, the existing mortgage holder must
reduce the principal to 96.5% of the home’s current value for delinquent borrowers and 105% for non-delinquent
borrowers. Interested borrowers should contact their existing mortgage holder to determine if th