Our suite of products provide consumers with referrals to local programs and appropriate financial products that help them improve cash flow and address the root causes of their financial challenges. SpringFour's applications are built on over ten years of experience and are designed specifically to help reduce the cost of utilities, health care, child care, and other expenses.
Prior to the housing and mortgage crisis and well before the current array of FinTech products, the SpringFour (formerly MortgageKeeper) team developed an easy and effective way to use technology to connect homeowners facing foreclosure with trusted local and state resources. Over the past decade, SpringFour has made over 5.4 million referrals via their subscriber network to local programs and financial products for homeowners in need. Today, SpringFour’s vision is to provide all consumers direct access to any available resources needed to create true and sustained financial stability.
SpringFour's flagship products provide consumers with referrals to 100,000 high-quality, vetted, locally-prioritized resources every month: S4Direct, accessed by consumers through their financial institution’s website, and S4Desktop, used by nonprofit financial counselors and loan servicing professionals, provide simple, effective, actionable direction for consumers in need. Consumers who engage with multiple resources across several of the 26 available categories – from emergency utility and food assistance to employment and financial counseling – have been shown to save an average of $250/month in household expenses.
SpringFour's subscribers include top mortgage servicers, national and community banks, veteran assistance organizations, and HUD-approved nonprofit financial counseling agencies like the Homeownership Preservation Foundation. SpringFour's nationwide coverage of more than 9,000 resources helps improve their customers' financial security, boost communication and retention, and replace loan default with lasting solutions.
In 2015, SpringFour was awarded Promontory Financial Group's prestigious Empowerment Award in the Access category in recognition of their work bringing financial health resources to financially distressed consumers and the un/under-banked communities.