Stephfan Nurse created a software solution to help home loan modification applicants get approved
As millions of homeowners struggle to make their mortgage payments, a loan modification may be their last option in order to avoid foreclosure. But a successful modification isn’t guaranteed. Out of the 4 million people who have applied for a loan modification since 2010, through the government’s Home Affordable Modification Program, one million of them have been denied for inaccurately filling out the paperwork, according to the U.S. Treasury Department.
Dedicated to fixing the problems in the loan modification industry, Stephfan Nurse, CEO and founder of ConsumerEducationOnline.com, is focused on leveling the playing field by putting the power in the hands of the homeowner, and using education and software to help simplify the modification process.
BLACK ENTERPRISE spoke with Nurse about the problems in the modification industry and how his company has been providing solutions to help homeowners. Read More on Blackenterprise.com