Technology and Outsource Solutions for Mortgage Assignment Creation and Processing
eAssign™ is a Web-based technology to help lien holders create and record mortgage assignment documents for loans sold on the secondary market, mortgages whose servicing and ownership rights are transferred or for loans obtained through a business acquisition.
eAssign™ scales from individual loans or entire portfolios and eAssign™ offers clients a choice of service level depending on business needs. Service levels range from using eAssign’s Web-enabled technology in-house to outsourcing all assignment-related work to LPS Document Solutions, or deploying a combination of both.
LPS Document Solutions, the industry leader in assignment and document recovery solutions, delivers state-of- the-art technology to improve efficiency, shorten timelines, reduce risk and lower costs for servicers.
eAssign™ utilizes the industry’s most robust property records database and data capture capabilities to significantly reduce timelines and costs. eAssign’s meticulous system design incorporates Six Sigma quality principals to prevent many common errors and maximize data integrity.
eAssign™ streamlines the mortgage assignment process on multiple fronts, enabling servicers to expedite the transfer of loans. Benefits include:
- Scalability to expand and contract with fluctuating volume
- Streamlining processes handle increased volumes of defaulted loans
- Employing existing data to drastically cut the time required to prepare assignments, reduce search expenses and minimize exception handling
- Electronically lifting data from existing documents to eliminate the need for data entry where possible
- Researching exceptions to gather missing information
- Real-time information and metrics to track the processing pipeline
- eRecording in jurisdictions that have adopted the technology
- LPS Document Solutions fulfillment services prints, executes, prepares recording fee checks and mails them to jurisdictions that still require manual process
Minimize Risk
In addition streamlining mortgage assignment, eAssign enables servicers to minimize risk, enhance legislative compliance and reduce related expenses.
Call us at 888.362.9638 or e-mail us to streamline lien assignment timelines, reduce related expenses and minimize risk.