Some of MSP's key components include:
Cash
- Payment processing with lockbox interfaces.
- Secure environment to manage and print checks directly from MSP.
- Daily interest accrual.
Customer Service
- Real-time task tracking.
- Web-based solution enabling you to give your borrowers access to their loan information via the Internet without calling customer support.
- Integrated letter writer tool that triggers and mass produces letters and prints, faxes or e-mails the letters on demand.
Default, Escrow Administration and Investor Accounting
- Comprehensive default mangement tools including complete collections and loss mitigation functionality.
- Escrow administration with interfaces to major tax insurance vendors.
- Investor accounting with interfaces to corporate GLs and corporate advance features.
Reporting
- Standard reports (more than 2,000) and the ability to create ad hoc extracts and inquiries that can be downloaded into spreadsheets or databases for reporting.
- Complete trend analysis and drilldown ability maintained for managment reporting.
In addition, MSP increases productivity across many areas, including:
- Online help files that define every aspect of MSP and are updated monthly.
- Simple naviagion and user-definable workflows with MSP's GUI systems.
- Scripting tool to automate redundant tasks.
- Sophisticated integration with taxing authorities, insurance providers, credit report bureaus, MERS agency reporting and other business partners via LPS' InterChange.
- Private label servicing functionality.
- Supervisory screens that enable users to enter controls to customize a desktop to meet unique requirements.
- Electronic scratch pad that enables staff to enter messages about a loan and communicate this information to other departments, ensuring all employees have the same information.
- Regulatory support and assurance that MSP meets all appropriate federal requirements.
To learn more detail about these features of MSP, call 800.991.1274.