Servicer Launches Borrower-Targeted Foreclosure Prevention Site

Carrollton, Texas-based Wingspan Portfolio Advisors launched a new Web site to provide distressed borrowers with foreclosure prevention education, the company announced Monday. Betterborrowers.com provides information to help borrowers potentially avoid foreclosure, including homeowner rights and duties and resources for mortgage modification and refinancing. The site will feature a number of regular columnists and social networking tools like discussion boards for borrowers. In addition, the site has a lender’s forum for industry professionals to anonymously write about the industry and receive feedback from the general public. “There are few times in a person’s life when they feel more vulnerable than when they are in danger of losing their home — their biggest asset,” Procopia Skoran, a former Bankrate.com executive and now vice president and publisher of BetterBorrowers.com, said in a statement. “We’ve created BetterBorrowers.com to be a place of refuge packed with straightforward information essential for getting back on track and staying there.” Wingspan, a loan servicer for distressed mortgages, joins First American in launching Web sites geared toward home owners and borrowers. Write to Austin Kilgore.