Housing Group Debuts Mortgage System

November 29, 2010 | Read Time: 1 minute

NeighborWorks America, in Washington, has teamed up with Direct Lending Family, a technology company in West Dundee, Ill., to create a new online mortgage system to help the clients its member organizations serve find sound loans that allow them to buy—and stay—in a home.

Housing counselors at the 240 community-development groups that make up the NeighborWorks America network can enter potential borrowers’ data into the system to find loan products offered by more than 100 lenders and state housing-finance agencies. Prospective homebuyers will enjoy more choices, says Marietta Rodriguez, national director of homeownership programs and lending at NeighborWorks America. “As we’ve seen the consolidation of financial services, we’ve seen bank closings and bank failures,” she says. “So sometimes those products are no longer offered in the marketplace.”

For more information: Go to http://www.nw.org.

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NICOLE WALLACE

Features Editor

Nicole Wallace is features editor of the Chronicle of Philanthropy. She has written about innovation in the nonprofit world, charities’ use of data to improve their work and to boost fundraising, advanced technologies for social good, and hybrid efforts at the intersection of the nonprofit and for-profit sectors, such as social enterprise and impact investing.Nicole spearheaded the Chronicle’s coverage of Hurricane Katrina recovery efforts on the Gulf Coast and reported from India on the role of philanthropy in rebuilding after the South Asian tsunami. She started at the Chronicle in 1996 as an editorial assistant compiling The Nonprofit Handbook.Before joining the Chronicle, Nicole worked at the Association of Farmworker Opportunity Programs and served in the inaugural class of the AmeriCorps National Civilian Community Corps.A native of Columbia, Pa., she holds a bachelor’s degree in foreign service from Georgetown University.