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New Default Technology Eliminates Manual Tracking and Auditing

""ServiceLink"":http://www.servicelinkfnf.com, a Pittsburgh-based provider of origination and default-related solutions and technology, has unveiled a comprehensive, end-to-end default solution that allows


servicers to bridge their current technology to ServiceLink's optimized loss mitigation and default technology and outsourcing services.

""The goal of our complete default solution is to help servicers and investors make the optimal workout decision while maximizing asset value and remaining in compliance,"" said Jeff Coury, president and CEO of ServiceLink.


Coury continued, ""Our Commerce Velocity technology, along with our proven products and services, eliminates the need for manual tracking and auditing or reporting in disparate systems. All loan workout rules, programs, and processes are maintained through a single wrap-around application.""

According to a statement from ServiceLink, the company is prepared to manage the quickly shifting regulatory guidelines, quality control, and audit requirements around workout options from HAMP processing through foreclosure.

The company touts the technology as having strong and flexible rules engine capabilities that focus on processing efficiency and loss severity while maintaining compliance with GSE, investor and mortgage insurer regulations and guidelines, managing increasing volume, and complying with stringent audit requirements.

ServiceLink's Commerce Velocity solution aggregates important information, analyzes the data based on customized rules, and provides the most favorable workout decision from the point of default.

The company says the technology also allows business users to manage workflow changes, regulatory rule changes, and other product changes instantaneously.

About Author: Heather Cernoch


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