Homeowner Assistance Fund (HAF) Software
All-in-one solution to manage Homeowner Assistance Funds
Single vendor HAF management
Mortgage Relief centralizes four core HAF components into one platform:
Application Portals
Online access for homeowners, homeowner representatives and loan servicers and seller/owner financed lenders
Common Data File (CDF) integration
Built-in language translation
Mobile-friendly and based on mature & proven technology
Call Center
Built-in call center dashboard
Available to in-house or third-party call center staff
Optional Yardi call center service
Case Management
Built in case management platform
Available to in-house or third-party case management staff
Optional Yardi case management service
Payment Distribution
Built-in funding dashboard
Native payment processing engine
Efficient transfer of funds within 24 hours of approval
Based on mature and proven service: $1.8B in yearly payment transfers
The benefits of Mortgage Relief
Transparency
View funds available, disbursed and in-process at any time
Detect and act on fraud before payments are made
Simplify reporting with complete compliance data on demand
Efficiency
Provide mobile access for homeowners, homeowner reps, loan servicers and seller/owner financed lenders
Create collaborative opportunities between regional agency partnerships
Expedite staff proficiency with online training content
Minimize impact on IT hardware or staff resources with a cloud-based solution
Simplicity
Get everything you need for HAF from a single vendor
Save time on training, implementation, configuration and program management
Scale solution components based on your organizational requirements
Our team of professionals are here to help you manage available funds for your jurisdiction
Schedule a demo
FAQ
The American Rescue Plan Act of 2021 (ARP) created the Homeowner Assistance Fund (HAF) to mitigate financial hardships associated with the coronavirus pandemic for the purpose of preventing homeowner mortgage delinquencies, defaults, foreclosures, loss of utilities or home energy services, and displacements.
The federal stimulus package passed in March 2021 allocated approximately $9.9 billion to homeowner assistance. HAF funds are available to certain homeowners who have experienced financial hardship after January 21, 2020.
Funds are provided directly to states, territories, and Native American tribes to administer to eligible households through homeowner assistance programs. Eligible households may receive funds for mortgage payments, utility payments and various qualified expenses.
Applications for homeowner assistance may be submitted by homeowners through programs established by grantees. In general, funds will be paid directly to mortgage holders and utility providers.
Mortgage Relief software can help state, and other grantees streamline the application, approval, distribution and audit process. Cloud-based homeowner assistance software provides the accessibility and transparency that grantees need to more effectively disburse funds to help households in need of mortgage relief.
Mortgage Relief is software built to help state and other agencies manage and distribute funds. With Mortgage Relief, homeowners can apply for mortgage assistance online and view their application status in real time. Homeowner application portals are easy to use and mobile device friendly. Loan details are verified with loan servicers through the Common Data File (CDF) or the loan servicer portal. Agencies can more efficiently process applications and distribute homeowner assistance funds.
Mortgage Relief software works from anywhere to give you complete transparency into funds available, in process and disbursed. It’s simple to use, increases efficacy and decreases fraud. Mortgage Relief improves the audit and review process with easily accessible analytics and reporting.
Yardi is pleased to support ERAP with our Rent Relief solution; Mortgage assistance with our Mortgage Relief solution; Utility assistance with our Utility Relief solution; and grant management, small business, disaster recovery, and homelessness assistance with our Core Relief Suite of products.