LPS CONSUMER LOAN SERVICING
Consumer loans, including home equity loans and lines, comprise a significant portion of many servicing portfolios due to the expansive growth in home values and loan volumes between 2004 and 2007. Let Lender Processing Services provide the technology to manage those second mortgage loans.
LPS delivers the technology to support both consumer and mortgage loan requirements with our industry-leading servicing package, MSP
. This dynamic LPS technology supports:
- Escrow administration
- Nonperforming loans actions
- Year-end reporting
- Card access
- Optional insurance products
- Regulatory compliance
- Financial controls
MANAGE RISKS RELATED TO HELOCS
LPS has the deepest and broadest level of loan data to help home equity lenders and servicers forecast and proactively manage changes in the mortgage industry. Armed with this information, you can identify sudden changes in market drivers and behaviors, helping you to guide and prioritize your strategies.
One example of data and analytics in action is Lien Advisor, which delivers ongoing alerts for delinquency indicators, default activity, ARM resets or changes of ownerships to you, so you can evaluate potential risk and maximize your secured interest.