Home / News / Loss Mitigation / LPS Applied Analytics Launches Lien Matching Service
Print This Post Print This Post

LPS Applied Analytics Launches Lien Matching Service

Lender Processing Services, Inc., announced Monday the launch of LPS Industry Lien Matching Service from its LPS Applied Analytics

The new service allows mortgage servicers to identify a match between a first and a subordinate lien and then transport this data from one servicer to another, supporting co-modification efforts for subordinate liens following a first-lien modification. As part of the process, LPS Industry Lien Matching provides servicers with the transparency needed to identify all loans associated with a first lien.

LPS Industry Lien Matching also uses information from LPS' database to match first lien modifications to subordinate liens. When there is a match, the servicer of the second lien is notified of the first-lien modification status and is provided with the information necessary to offer a modification on the subordinate lien.

Today's economic climate, heavily influenced by increased government programs and regulatory oversight, has driven loan modifications and workouts to all-time highs,"" said Dan Berman, president of LPS Applied Analytics. ""The LPS Industry Lien Matching service offers an unprecedented ability for broad, holistic co-modification solutions across the mortgage industry.""

LPS is a Jacksonville, Florida-based firm that delivers technology services and solutions, as well as data and analytics, to mortgage lenders, servicers, and investors. Its Applied Analytics division provides custom data and analytics to clients to improve performance, mitigate risk, and cut costs.

About Author: Tory Barringer

Tory Barringer began his journalism career in early 2011, working as a writer for the University of Texas at Arlington's student newspaper before joining the DS News team in 2012. In addition to contributing to DSNews.com, he is also the online editor for DS News' sister publication, MReport, which focuses on mortgage banking news.
x

Check Also

Sagent Taps Former Mr. Cooper President for Executive Chair Role

Sagent has named former Vice Chair and President of Mr. Cooper Chris Marshall as its new Executive Chair, tapped to strategize the fintech provider’s cloud-native software platform.