Circle of Life | Lender Processing Services Offers Solution to Help Servicers Comply with Consent Orders

I almost want to play the circle of life from the Lion King…

Oh, okay. I will…

Lion King – Circle of Life

What’s next? The servicers helping MERS, MERS helping LPS, any of them actually helping the defrauded homeowners???

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Lender Processing Services Offers Solution to Help Servicers Comply

JACKSONVILLE, Fla. – (May 4, 2011) – Lender Processing Services, Inc. (LPS), a leading provider of integrated technology and services to the mortgage and real estate industries, announced today that it has developed a solution to help mortgage servicers respond to the Office of the Comptroller of the Currency and the Federal Reserve-issued consent orders announced on April 15.  A key element of these consent orders is for mortgage loan servicers to provide their borrowers with a dedicated single point(s) of contact for specific mortgage loan servicing functions.

LPS has proactively responded to the required consent orders by enhancing its mortgage loan servicing platform, MSP.  Clients will be able to assign, view and easily obtain detailed information on the single point of contact assigned to each specific loan throughout the life of the loan.

“Offering mortgage loan servicers the ability to specify a single point of contact for each mortgage loan helps streamline loss mitigation workflows, increases borrower satisfaction with the process and enables mortgage loan servicers to comply with the proposed regulation quickly and easily,” said Greg Whitworth, executive managing director, LPS Servicing Solutions division.

This enhancement adds a unique tracking field within MSP to record single-point-of-contact information, as designated by the mortgage loan servicer. LPS will also provide fields in ancillary products to support consistency across all communication channels.

While the current focus on a single point of contact is specific to loss mitigation, LPS is working to broaden the scope of its single-point-of-contact functionality to all areas of mortgage loan servicing, whether that mortgage loan is current or in any stage of default.

About Lender Processing Services
Lender Processing Services, Inc. (LPS) is a leading provider of integrated technology and services to the mortgage and real estate industries. LPS offers solutions that span the mortgage continuum, including lead generation, origination, servicing, workflow automation (LPS Desktop®) portfolio retention and default, augmented by the company’s award-winning customer support and professional services. Approximately 50 percent of all U.S. mortgages by dollar volume are serviced using LPS’ Mortgage Servicing Package (MSP). LPS also offers proprietary mortgage and real estate data and analytics for the mortgage and capital markets industries. For more information about LPS, please visit www.lpsvcs.com.

Investor Contact: Parag Bhansali, 904.854.8640, parag.bhansali@lpsvcs.com

Media Contact: Michelle Kersch, 904.854.5043, michelle.kersch@lpsvcs.com

Isn’t that just sweet…

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4closureFraud.org

Comments
11 Responses to “Circle of Life | Lender Processing Services Offers Solution to Help Servicers Comply with Consent Orders”
  1. angry & NOT TAKING IT says:

    i think its straight forward , lps can manufacture the most doc’s on a per-diem basis , calc by the fee splitting ,no one can touch lps doc creation process for fraud & speed …you can trust LPS

  2. l vent says:

    Bloomberg reporting that Blankfein to address Goldman Sucks shareholders live today.Should be interesting.i wonder if he will be starting the meeting with the Roman salute?

    • l vent says:

      Bloomberg also reporting that the public is angry and sore at Wall Street. One of their guests today said that if investors feel their CEO’s are being overcompensated they should force them to step down. Yes, step down indeed, right into prison.

  3. Rosetta says:

    I WOULD NOT TRUST LPS TO DO ANYTHING!!!!

  4. Dahotruth says:

    What’s next, “LPS strikes deal with Lee County to use their integrated technology to speed up Rocket Docket”

  5. AliceN.Wunderland says:

    Well I am confused. What exactly are they doing? They are going to offer help to the lenders regarding a ‘single point of contact’? So, I guess they are going to find the borrowers that the lenders lost? They have a super dooper computer program that will do that? I thought that was Mers job…

    Ahhh, everything is as it should be here in Wonderland. Alice

  6. indio007 says:

    File this under “Oh brother….”

    Break the system then sell the fix? The fraud is endless! Is there even a legitimate business model left in the US?

    • Fury says:

      the business model i want to follow and support is
      the entrepreneurs on etsy.com (sellers from all over the world) .
      i think they represent the future and the appreciation of handmade goods.

      i want to support hardworking, creative people not the Man and corporations who have ripped us off.
      buy local for produce. support like-minded people no matter where they live in the world.

      i do not trust the banks or our govt in any way shape or form.

  7. angry & NOT TAKING IT says:

    clarification was in order here.

    About Lender Processing Services
    Lender Parasitic Services, Inc. (LPS) is a leading provider of integrated fraud technology and unethical services to the mortgage and real estate industries. LPS offers solutions that spawn the mortgage parasitic continuum, including toxic-lead germination, fabricated origination, predatory servicing, unscrupulous workflow automation (LPS Desktop®) portfolio retardation and strategic default, augmented by the company’s award-winning customer support and professional fee splitting services. Approximately 50 percent of all U.S. mortgages by stolen dollar volume are serviced using LPS’ Mortgage Servicing Package (MSP). LPS also offers proprietary mortgage fraud and real estate data manipulation and analytics for the mortgage parasites and capital markets industries laundry. For more information about LPS and how we can DO YOU TOO, please visit http://www.lpsvcs.com.[vampires r us]

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