Home Prep for Mortgage Loan Originators!

For Mortgage Loan Originators (MLOs) Who Want to Refer Clients With Issues to Trained HUD Counselors.

What Is Home Prep?

HomePrep is an online platform that connects MLO's with clients that have obstacles preventing them from getting a mortgage to HUD housing and certified credit counselors who work with clients to get them "mortgage ready".

Credit Help | Short and Long-Term

Credit issues are the number one problem clients need help with. Short term help (1-6 mos) needed to improve credit scores, build credit or resolve an issue and long term credit help (7 mos to 5 years) like debt management and even help with a bankruptcy or foreclosure is available through Home Prep with HUD housing and credit counseling agency (HCA) National Foundation for Debt Management. HUD housing and certified credit counselors assist clients with credit tools such as the CreditXpert Wayfinder, What If Simulator and more.  THIS IS NOT CREDIT REPAIR.


Down Payment Assistance

With the help of Downpaymentresource.com and local resources, HUD counselors can provide help for clients with DPA programs for county SHIP, city and states along with wholesaler and HCA proprietary programs that are available.  HUD counselors can also provide Homebuyer Certifications needed for down payment assistance.


As a loan originator, you can also have access to the  DPA Directory and promote DPA products on your personal landing page by subscribing to Down Payment Connect, the back end database of Downpaymentresource.com.


Student Loan Repayment Plans

 The federal government provides many tools and resources on Department of Education (ED) websites like the Federal Student Aid website, Studentaid.gov. If you have a pretty straight-forward situation, it's totally doable.


Student Debt Solutions (SDS) is a self-help application for clients who have federal student loans to find ways to reduce Student Loan monthly payments. 

SDS was developed by Non-Profit Counselors with a focus on finding every option a client is eligible for, including income-based payment reduction, forgiveness, cancellation and loan acceleration. 


Clients can see all programs they are eligible  for at no cost. If the client decides to apply for a repayment plan,  SDS costs are $29/Basic or $49/Standard with document preparation services.There is an additional cost if live expert student loan counselor is needed. If you decide to proceed, SDS provides you with all of the forms and instructions to take action on your new repayment plan. 


If you are having a hard time getting started on your own, Consumer Debt Counselors, a HUD counseling agency that specializes in student loan debt relief, uses Student Debt Solutions to analyze federal student debt and identify all eligible options in just minutes. A HUD counselor can assist you for an additional cost.

Home Budgeting

A Home Budgeting assessment is done for all clients who come through Home Prep and work with HUD counselors. Resources worked with include a monthly budget planner.


Homebuyer Education Classes

Homebuyer education classes needed for down payment assistance and grants are available with HUD counseling agencies through HomePrep.


Freddie Mac HomeCoach

This Freddie Mac automated underwriting system (AUS) tool is specifically for HUD counselors to use, works with a soft credit pull, and for conventional Affordable mortgages.


All HomePrep clients are run through the Freddie Mac HomeCoach AUS before being deemed mortgage ready!