Melville, New York-based Lend America recently rolled out a specialized program that it says will enable institutional investors, such as Wall Street banks and hedge funds, as well as other first lien holders to quickly recapture principal from their non-performing residential mortgage portfolios. The Hope for Homeowners (H4H) Outreach Program launched by Lend America, who was recently ranked as the nation’s 13th largest direct-to-consumer lender of Federal Housing Administration (FHA) loans, not only increases cash flow from mortgage investments, but helps homeowners avoid foreclosure – all in one of the most challenging housing markets the industry has ever endured.
The key value proposition supporting Lend America’s H4H Outreach Program is its centralized originations platform that utilizes a “high-touch consultative approach with clients,” the company said in a press statement. Through this centralized platform Lend America can better mitigate the risk associated with the lending process, improve the consistency and quality of the customer experience, and compress the refinancing time line to close a loan.
In addition, as an approved GNMA Ginnie Mae Mortgage-Backed Securities issuer, the company has the ability to place loans directly into the securities pool. This in turn, allows Lend America to offer all of FHA’s programs, including H4H, and flexibility on minimum credit score requirements when underwriting a mortgage, the company explained.

Lend America, which is licensed to do business in over 40 states, is finalizing a structure transaction assignment for a major financial institution to help refinance as much as $1 billion of their portfolio of residential mortgages under the new H4H program and is in negotiations with several others, the company said.
“In this challenging environment, institutional investors and original lenders are looking to quickly recapture principal from their residential mortgage portfolios,” commented Michael Ashley, chief business strategist at Lend America. Ashley pointed out that Lend America’s team of over 300 mortgage specialist can be quickly put to work to contact delinquent borrowers, assess affordability, and meet client-specific guidelines to refinance a mortgage within as little as 10 days.
Ashley continued, “Our mission is to provide liquidity to finance deserving and credit worthy borrowers currently shut out from FHA financing because of unfair credit score and burdensome program restrictions by the larger loan aggregators. In the modern day rush to automation and credit scoring, many deserving borrowers are overlooked and cast aside as unqualified without ever being properly analyzed and afforded the opportunity that a fixed-rate FHA home loan offers.”
In conjunction with the launch of its H4H Outreach Program, Lend America has begun an internal H4H Certification Program to train, test, and certify the company’s entire 300+ team of mortgage specialist to correctly manage the H4H refinancing process and work with borrowers on a one-on-one consultative basis. The company has hired a well known trainer to design and execute its formal in-house H4H Certification Program which will mandate 10 hours of class room training for all of its mortgage specialists.