LPS LOAN MODIFICATION ASSISTANCE
The market continues to present an alarming number of troubled loans to our servicing clients. Lender Processing Services provides a variety of loss mitigation strategies, including those designed to keep loans active and profitable – and to keep borrowers in their homes.
LPS teams up with servicers to provide best practices, domain expertise and technology that works with government and private loan modification efforts.
LPS has integrated several scripts with our loan servicing platform – MSP – the core technology platform used by most servicers – to help streamline tasks associated with these programs.
AUTOMATING THE PROCESS
LPS is the industry leader in providing electronic processes – a "data trail -" to speed and increase accuracy in completing loan modifications.
Our solutions apply to most types of document presentations, electronic signings and acknowledgement events. Servicers can quickly process account changes and more easily deliver disclosure documents that contain the borrower’s acceptance and timestamps to create an audit trail.
Solutions are specifically designed to integrate with MSP to help servicers automate the processes associated with loan modification programs.
LPS also offers solutions that optimize loan modifications
and consulting services
to help lenders through the related business processes.