Three key changes to the recent HARP revisions have made refinancing “underwater” homes a great option for many borrowers. Firstly, the new program allows borrowers with mortgage insurance to qualify for a refinance. Secondly, the 125% cap on the loan-to-value (LTV) ratio has been removed so that those responsible underwater borrowers can lower their monthly house payments with a HARP 2.0 refinance. Last, but not least, HARP 2.0 releases the lender’s liability on the original loan which makes these refinance prospects a lot more attractive.
Endless Resources provides access to the largest universe of credit and property data to reach borrowers who qualify for the HARP 2.0 (Home Affordable Refinance Program). Our years of experience working with credit bureau data enable us to assist you in choosing the data selections that best fit your lending requirements in order to make Prescreen Credit Offers or Invitation to Apply (ITA) offers with modeled credit information.
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