From her Bronzeville branch office on South King Drive, Michelle Collins strives to solve the community's foreclosure problem one loan at a time.
Collins, senior vice president and director of mortgage lending, is one of the architects of ShoreBank Corp.'s Rescue Loan and Prevention Program aimed at helping homeowners at risk of foreclosure, and counseling first-time home buyers. Using money from investors and foundations the South Side bank is enabling troubled borrowers, including some from other lenders, to get out from under their existing, burdensome loans and move into a fixed-rate loan with more manageable payments.
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