Springboard Solutions to Provide Foreclosure Prevention Services to New Mexico Homeowners

Agency Selected to Administer Statewide Hotline -A National Mortgage Settlement Program

Riverside, Calif. – (Oct. 8, 2012) Springboard Solutions, LLC, a subsidiary of Springboard Nonprofit Consumer Credit, Management, Inc., has been selected by the New Mexico Attorney General’s office to provide foreclosure prevention services to distressed homeowners. Subject to successful contract negotiation, Springboard will employ its proven platform of program administration to manage the New Mexico toll-free homeowner hotline.  The hotline will serve as a single point of entry for housing counseling intake by triaging calls and directing troubled homeowners to the appropriate statewide nonprofit housing counseling agency for loan modification and loss mitigation services, including refinance options, short sale transactions or a deed in lieu of foreclosure.

“We look forward to assisting New Mexico homeowners find a workable solution to their housing situation,” said Aaron Horvath, president of Springboard Solutions. “The hotline will educate, protect and help struggling borrowers,” said Horvath.

As part of the historic settlement with the nation’s five largest banks, the New Mexico Attorney General’s office has dedicated more than $11 million over the next three years to work with established organizations to help New Mexico families in need.

Springboard Solutions continues to leverage its program administration experience to help AG offices and their selected administrators with the oversight of important statewide consumer programs.