As an increasing number of loans enter default or are in imminent risk of default, servicers are faced with the challenge of mitigating current and potential losses at an incredibly rapid pace. LPS offers more capabilities and options than any other provider to help financial institutions limit the number of defaulted loans – and keep more borrowers in their homes. LPS’ loss mitigation solutions combine powerful data and analytics, best-in-class technology and customizable options to protect your loan portfolio.
LPS is also taking a leadership role in supporting servicers’ participation in the federal government’s new Making Home Affordable (MHA). From new MSP functionality and loan solutions to domain expertise and compliance, LPS is the best source for MHA-related technology and guidance to benefit your business.
The following LPS solutions can be used separately or as a suite to reduce the frequency and severity of portfolio losses:
- Data and Analytics – combines loan, borrower, property and external data to provide precise, informed decisions and to predict mortgage behavior.
- Lien Monitoring – end-to-end lien monitoring program that alerts servicers about borrower or loan-related events that can increase the risk of defaults. Also monitors senior lien holders in the case of foreclosure on behalf of home equity lenders for the recovery of any surplus funds from foreclosure sales.
- Mortgage Servicing Package (MSP) – industry-leading software for mortgage servicing offers default management functionality, robust tracking and recording functionality to assist with MHA requirements, and a unique, new Mod Negotiator tool to calculate and negotiate new affordable payments with minimum manual entry.
- Proactive Risk Management – a sophisticated risk management platform that delivers targeted credit risk recommendations at any time a borrower interaction occurs across the enterprise.
- RediMarket Solutions – automates loan eligibility and best-fit determinations for mass loan modifications and refinances.
- Strategic Consulting – expert recommendations for solutions to help mitigate risk, maintain profitability and re-engineer processes for greater business efficiency.
- Valuations – the nation’s most complete range of valuations – from trusted, traditional appraisals, advanced automated solutions, and hybrid offerings that combine the best of both.
Call 800.991.1274 or e-mail mortgage.marketing@lpsvcs.com today to begin leveraging these powerful loss mitigation solutions.