Home / News / Foreclosure / Mortgage Industry Taps UTLS for Technology and Management Solutions
Print This Post Print This Post

Mortgage Industry Taps UTLS for Technology and Management Solutions

Orange County, California-based ""UnitedTech Lender Services, Inc."":http://www.utls.com/ (UTLS), the holding company to the UTLS family of companies, is providing various solutions to mortgage industry participants through its subsidiaries, UTLS Technology Services and UTLS Consulting Services.


The Technology Services division of UTLS recently announced that its BackInTheBlack Home Affordable Modification Program (HAMP) workout solution is now being utilized by Mount Laurel, New Jersey-based ""PHH Mortgage"":http://www.phhmortgagesolutions.com/, a retail originator of residential mortgages and a subsidiary of ""PHH Corporation."":http://corporate.phh.com/phoenix.zhtml?c=187859&p=irol-Corporate According to UTLS, the BackInTheBlack solution is the industry's first fully-functional, loss mitigation solution native to the Internet.

""Streamlining the HAMP process in an effort to reduce time and cost were major factors as to why PHH Mortgage has chosen the BackInTheBlack HAMP solution,"" said Patrick Kopins, president of UTLS Technology Services. ""Through BackInTheBlack, PHH will have a holistic approach to performing HAMPs, utilizing a more accurate and effective methodology made available through the collaboration we have done with Fannie Mae and have translated into our decisioning, calculations, and rules engine.""

In addition to using this workout solution, PHH mortgage will utilize the complete HAMP workflow ""Out of the Box"" solution, including guidelines, eligibility, NPV/IR2 integration, automated waterfall calculation, a dynamic document generation preconfigured with all HAMP documents, and XML upload to Fannie Mae's HSSN system.


""PHH Mortgage is excited about this alliance with UTLS Technology Services,"" said Martin Foster, SVP of servicing for PHH Mortgage. ""We continually strive to provide exceptional solutions and are certain the loss mitigation service via UTLS's BackInTheBlack HAMP workout is the most efficient.""

UTLS also announced that it has enhanced its strategic default management solutions provided by its subsidiary UTLS Consulting Services. Specializing in consulting and staffing to the servicing industry, the Consulting Services division of UTLS provides mortgage domain operations, analytics, and IT contract resources.

""In today’s business environment, the servicing industry demands innovative client-focused solutions,"" said Timothy M. Walsh, president and CEO of UnitedTech Lender Services. ""Our Consulting Services experts assist major lenders and servicers across the nation by addressing essential outsourcing needs via our best practices approach combined with our deep mortgage domain experience.""

This division focuses on process efficiencies, six sigma workflows, best practices, and innovation to achieve desired strategic results. The new, enhanced solutions are aimed at providing further process reduction and improved productivity.

According to Robert Starliper, EVP of national sales for UTLS Default Services, another subsidiary of UTLS, the default management solutions provided by UTLS Consulting Services will focus on improving productivity and provide a more enhanced result, while also addressing tactical areas impacting clients' current businesses.

""UTLS Consulting Services will provide a seamless approach to process excellence and end-to-end fulfillment,"" said Baron Wilhelm, EVP of UTLS and president UTLS Consulting Services. ""With proven capabilities, our team of quality management consultants will assist clients in solving default and loss mitigation operational challenges and building strategic solutions for long-term gains.""

About Author: Brittany Dunn


Check Also

Stern & Eisenberg Names 13 New Shareholders

Warrington, Pennsylvania-based Stern & Eisenberg adds a crew of seasoned real estate and business law, general and mortgage default litigation, estate planning and administration attorneys as shareholders to the firm.