Press Release: MortgageKeeper Provides Housing Counselors with Tools to Help Financially Stressed Homeowners

MKDesktop will Increase HUD Non-profit Counselor Capacity

DOWNERS GROVE, IL (Nov 10, 2014): MortgageKeeper Referral Services, Inc. announced today an agreement with Wells Fargo to provide HUD-approved national non-profits and their counselors with access to MKDesktop, thereby more easily connecting struggling homeowners and renters to local assistance services.

Numerous HUD approved agencies already subscribe to MKDesktop, with more than 1,000 counselors using it to make over 100,000 referrals to their clients every month. Through this agreement the number of counselors using MKDesktop is expected to double. Referrals to local assistance organizations help with food, utility, prescription, child care, and home repair costs, all of which contribute to a balanced household budget and make homeowners more likely to qualify for a loan workout.

Wells Fargo’s financial support will make the MKDesktop application available to nearly all non-profit housing counseling agencies and increase the likelihood that distressed homeowners and renters will receive direction to local non-profit and government agencies that are prepared to assist. The agreement provides counselors with access to MortgageKeeper’s proprietary database of more than 7,500 best-in-class nonprofit and government services. Counselors can type in their client’s ZIP Code, and then choose from 20 different assistance service categories.

“While Wells Fargo’s delinquency and foreclosure rates consistently trend significantly better than the industry average, this commitment to support nonprofits with MKDesktop is just another example of how they go to great lengths to help all homeowners – even when they are not their own customers,” said Rochelle Nawrocki Gorey, president of MortgageKeeper. “With the addition of MKDesktop, more counselors will have critical tools that will result in them better assisting homeowners to avoid foreclosure.”

To date HomeFree USA, National Coalition for Asian Pacific American Community Development (National CAPACD), National Council of La Raza, National Foundation for Credit Counseling, the Housing Partnership Network, and NeighborWorks America have subscribed to MKDesktop through this initiative, joining long-term users the Homeownership Preservation Foundation, Money Management International, ClearPoint, GreenPath, Springboard, Navicore (formerly Novadebt), and CCCS of San Francisco.

About MortgageKeeper Referral Services: MortgageKeeper Referral Services is the only platform dedicated to connecting consumers to best-in-class local resources. Trusted by top servicers, and housing and creditcounseling agencies, MK applications power more than 4,000 referrals a day throughout the United States. Consumers in financial distress with access to local resources have additional opportunities to cure default, benefiting the homeowner, servicer, and investor. For more information about MKDesktop and MKDirect, including an online demonstration, please visit MortgageKeeper.com.