Expert Loan Modification Document Creation and Fulfillment
LPS Document Solutions provides a complete range of robust, end-to-end loan modification document and fulfillment solutions for financial institutions that manage high volumes of loan modifications.
Faster Loan Modification Processing with Automated Document Creation
When lenders reach an agreement with borrowers on a loan modification package, LPS Document Solutions gives lenders the tools to automatically prepare both paper and electronic modification documents. Loan modification packages are created based upon client-specified business rules and are compliant with county recording and loan program requirements.
LPS Document Solutions shifts the burden of document preparation from lenders and servicers to its automated platform. The automated system easily manages large processing volumes while fulfilling unique loan modification document needs specified by the client. Automated document preparation includes the following capabilities:
- Supports interest rate, term and principal MOD types
- Multiple order placement options
- Mail away or e-signing options
- Seamless access to LPS data repository for public records data
- Supports custom letters, e-mails and online formats
- Executes for lender through corporate resolution
- Online Dashboard management tools
- Robust client care – interactive site
- Provides reports in many formats
Save time and Costs with eSignature and Electronic Delivery Capabilities
LPS electronically transmits loan modification packages to FedEx and offers e-signing capabilities which translate into time- and cost-saving benefits to clients:
Reduced Cycle Time: Approximately 65% of LPS’ loan modification documents are executed the same day and more than 80% within 48 hours – instead of seven to ten days via the U.S. Postal Service.
Increased Response Rates: The convenience and efficiency of an online process substantially increases the percentage of executed documents and automatically sends e-reminders to borrowers who have not responded within the desired timeframe.
Reduced Expenses: eSignature capabilities eliminate “snail mail” expenses.
eSignature is applicable to document presentation types and/or acknowledgment events, and can be integrated with:
- Loan Modifications
- Home Saver Advance
- Loan Extensions
- Repayment Plans
Lenders and servicers achieve significant savings by eliminating the variable costs incurred to create, print, stuff, mail and track paper documents.
Our integrated, streamlined approach moves you and your customer quickly, efficiently and smoothly through the signing and recording process. More importantly, LPS Document Solutions helps you transform costly foreclosures into performing loans.
Find out how your mortgage business can benefit from the most powerful loan modification document solutions in the industry. Call 888.362.9638 or e-mail us today.