Assessing

LPS offers experts to assist with conversions, implementations and acquisitions. These experts work with you to ensure the project is managed to your specific business requirements — minimizing the risk in the process.

 

Using our proven conversion methodology, coupled with our deep domain expertise, we deliver our combined knowledge of your industry, our products and best-of-breed third-party solutions for an enterprisewide view of your implementation.

     

LPS consultants average more than 21 years industry experience and are ready to assist with operational assessments and staff augmentation to ensure your loan acquisition — or the decision whether to acquire loans — is successful.

 

LPS consultants complete a comprehensive operational due diligence review tailored to the current servicer and the portfolio you are acquiring, including a review of the servicing agreement, previous servicer audits, delinquency data trends and loan-level reports.

 

Once this is complete, LPS consultants will discuss the results with you and will assess with you the competency level and best practices of the current servicer. This will provide the information you need to identify potential problems and training opportunities.

 

In addition, if the loans you are acquiring differ from the current products you are servicing, LPS Consulting Services can bring your employees up to speed on the differences and requirements and help establish best practices for servicing these types of loans.