LPS Default Solutions offers administrative support services to mortgage servicers and attorneys nationwide. Through the active monitoring by its experience staff of client established processes, LPS Default Solutions enables servicers to manage multiple vendors, control costs of servicing, drive improvements in quality and improve value for all stakeholders: attorney, servicer and investor.
As a result of its tremendous economies of scale, LPS Default Solutions also affords clients the opportunity to realize significant improvements in efficiency, cost savings, and performance. Through integration with the Web-based LPS Desktop, all information is managed on a single platform, allowing servicers, their attorneys and vendors to view and update one centralized, comprehensive technology system. System data is used to objectively compare and summarize network performance across multiple servicers.
By bringing greater efficiencies to the default process, LPS Default Solutions enables servicers to reallocate staff from foreclosure and bankruptcy tasks to loss mitigation, collections, and borrower contact programs. The support services offered by LPS Default Solutions also enables servicers and law firms to focus on establishing consistent pricing for default administration services and achieving significant reductions in the cost per loan serviced.