California-based We Save Homes, Inc. (WSHI), previously known as Global West Resources Inc., has signed a letter of intent to acquire the privately-held software company Homesaver and its technology platform, which assists homeowners with mortgage modification procedures.
Andrew Kardish, WSHI’s chairman, said, “We are pleased to announce the pending acquisition and integration of WeSaveHomes Homesaver software. We feel as though it is light years ahead of the way loan modifications are currently being accomplished and addresses all the objectives established by the Obama administration. The Homesaver software is truly the mechanism that has been missing from the equation thus far, and we believe there will be a marked difference for homeowners and banks alike as this automation is rolled out.”

WSHI says it is actively meeting with federal and state lawmakers, the Treasury, the Federal Reserve, and the banking industry to establish “one uniform, equal platform through an automated software technology platform, insuring complete transparency and oversight” in the loan modification process.
Kardish said that in meeting with government officials and lenders, WSHI has found “most everyone agrees that there has not been uniformity and standardization in processes.” He added that the Homesaver solution is the first tool to provide both banks and borrowers with the kind of standardization the government says is missing.
WSHI plans to make its internal Document Management System (DMS) available to all homeowners in a “do-it-yourself” (DYI) Web-based consumer platform. The company says its software-based portal offers lenders the kind of automation required to handle today’s overwhelming volume of defaults, loan modifications, and short sales. The portal also provides regulatory agencies with the ability of remote oversight and facilitates price discovery.
In addition, WSHI provides counseling and advocacy services for homeowners who want professional representation, and the company has created a bilingual network of resources that facilitate the loan modification process for Spanish-speaking homeowners.