""Lender Processing Services, Inc."":http://www.lpsvcs.com (LPS), a provider of technology, services, data, and analytics to the mortgage industry, announced that ""AmeriFirst Home Mortgage"":http://www.amerifirst.com/ has completed the implementation of LPS' MSP mortgage and consumer loan servicing platform.[IMAGE]
The MSP platform is a single, comprehensive system created to manage all servicing processes, including loan boarding, payment processing, and escrow administration, giving servicers a fully integrated system to meet their needs for portfolios of all sizes.
By converting its residential loans onto MSP, AmeriFirst will benefit from greater functionality, reduced operational costs, and greater revenue opportunities to assist expansion.[COLUMN_BREAK]
""We were looking for a technology solution that provided more robust servicing capabilities to support our growth initiatives, while still helping us manage our operating expenses,"" said Mark Jones, president and co-founder of Michigan-based AmeriFirst.
Jones continued, ""We also needed a proven servicing system to help keep us in compliance with increased regulatory changes and federal requirements, as well as ensuring that our internal processes are secure. LPS offered the complete package.""
Another advantage AmeriFirst now enjoys is LPS' dedicated team assigned to support by bank's compliance by making sure MSP is up to date with regulatory changes and federal requirements.
""We are pleased AmeriFirst Home Mortgage has chosen LPS' industry-leading technology and services to meet the evolving needs of its growing and successful business,"" said Robert Davis, EVP of sales and account management for LPS' Servicing Solutions and Technology division.
Davis added, ""We are committed to providing AmeriFirst Home Mortgage with dynamic, innovative technology and collaborative support needed to face the challenges and opportunities ahead.""