This new effort will help reduce the need for such assistance by supporting military borrowers and their lenders as they work together to make affordable and sustainable housing decisions.
Radcliff (Vocus) March 10, 2010
USA Cares has launched a new education course designed to provide loan officers with a clear understanding of how to work with military clients. Through the USA Cares Military Family Housing Lender Education Program—accessed online at http://www.usacares.org, the Participating Lender Course provides the tools and knowledge needed to effectively work with military borrowers, especially in a fast-paced and competitive market.
“This course aims to put greater numbers of military families into affordable homes through knowledgeable lenders who understand the unique circumstances brought about by military service.”—USA Cares Executive Director Bill Nelson
The course makes sense of the military language, rank and pay system. It even outlines what happens when a service member is injured, and explains how their pay will continue during hospitalization and treatment. Earning the Certificate of Completion for the Participating Lender Course indicates a significant knowledge base that active duty service members and veterans can rely on for prompt and accurate service of their housing needs. Certified Participating Lenders will adhere to specific Standards of Practice, representing a commitment to provide quality service to military borrowers.
USA Cares is no stranger to supporting the homeownership goals of military families. “We’ve paid out over one million dollars to save military family homes from foreclosure in the past three years,” said Jennifer Robinson, USA Cares Director of Assistance. “This new effort will help reduce the need for such assistance by supporting military borrowers and their lenders as they work together to make affordable and sustainable housing decisions.”
About USA Cares
USA Cares is a nonprofit 501(c)3 organization that helps post 9/11 military families bear the burdens of service with financial and advocacy support. Its mission: To help with basic needs during financial crisis, to assist combat injured Veterans and their families and to prevent private military home foreclosures and evictions. In six years, USA Cares has received over 20,000 requests and responded with more than $6.5 million in grants. Military families anywhere in America can apply for assistance through the USA Cares web site, http://www.usacares.org/ or by calling 1-800-773-0387. For more information on USA Cares contact John Revell, jrevell(at)usacares(dot)org or call (270) 352-5451.