Lien Advisor’s Subordinate Lien Management fulfillment service helps home equity servicers determine their equity asset position with analytics and senior lien foreclosure monitoring to them to protect their portfolios against future losses. Subordinate Lien Management protects home equity loan servicers by:
- Identifying senior lien foreclosure activity or asset disposition through public records database searches
- Analyzing the lender’s equity position through LPS’ Lien Analysis and Analytics
- Monitoring senior lien default activity through the conclusion of a foreclosure sale, including monitoring the identification and recovery of surplus funds
- Coordinating post-sale activities on behalf of the subordinate lien holder, including monitoring the collection of any surplus funds by client-retained counsel
Subordinate Lien Management’s Data Monitoring Services first processes and appends selected loan records to LPS Applied Analytics’ public records data repository to identify senior lien holder information and senior lien foreclosure activity. Combining LPS Desktop™ with LPS Applied Analytics’ comprehensive data and automation offers a unique solution that identifies senior lien foreclosure information. Once a senior lien foreclosure is uncovered, clients can choose a single or combined fulfillment solution:
Lien Analysis and Analytics
Validates senior lien holder information and calculates your equity position on loans using customer-supplied business formulas with LPS Desktop™. LPS Desktop™ can automatically launch Sale Spot Check or Senior Milestone Management when you select your fulfillment solution.
Sale Spot Check Services
Performs periodic checks to obtain senior lien sales results and monitors the collection of any surplus funds for subordinate lien holders by client-retained counsel.
Senior Milestone Management Services
Monitors key milestones for senior lien foreclosures and, where states require, enables servicers to retain local counsel for defense in legal actions.
Once a sale is scheduled, LPS updates your Lien Analysis and Analytics profile by performing Bid Analysis and Analytics according to client-specified formulas. If your equity position validates protecting your security interest, the matter is forwarded to your selected legal counsel to bid at the senior foreclosure sale. Sales results, as well as post-sale activities (such as surplus recovery, deed recovery, etc.), continue to be coordinated and monitored.
Protect and Grow Your Servicing Business with the Industry’s Best End-to-End Lien Monitoring Solution
No other lien-monitoring solution matches Lien Advisor’s spectrum of automated loan alerts. With the expanded loan visibility Lien Advisor offers, you’ll be able to better protect your portfolio interest, remain alert to sales opportunities and address negative lien-related issues to prevent damaging outcomes.
Respond more quickly to potential risk, discover lead opportunities faster and counter competitive pressures more effectively by calling 866.964.8343 or emailing mortgage.marketing@lpsvcs.com today.