""Lender Processing Services, Inc."":http://www.lpsvcs.com (LPS), a Florida-based provider of integrated technology and services to the mortgage and real estate industries, announced this week that ""EverHome Mortgage Company"":http://www.everhomemortgage.com has signed a long-term contract extension for LPS's Mortgage Servicing Package (MSP).
EverHome Mortgage, a mortgage servicer that is also headquartered in Florida, and its predecessors have used LPS technology for more than 45 years.
As LPS's longest tenured MSP client, EverHome Mortgage employs the technology to automate all areas of mortgage[IMAGE] [COLUMN_BREAK]
servicing, including loan setup and maintenance, cashiering, escrow administration, investor accounting, default management, regulatory reporting, and tax services.
""As our long-time technology provider, LPS intimately understands our business on both a strategic and operational level and offers invaluable support in keeping our business compliant with complex, ever-changing regulatory requirements,"" said Mike Koster, president and COO of EverHome Mortgage Company. ""The stability, depth, and scalability of LPS's loan servicing technology has repeatedly proven that MSP is the right solution for our future success.""
EverHome Mortgage uses MSP to process more than 430,000 first and second residential mortgage loans, including home equity loans. The company also recently completed beta-testing for MSP's work management solution and LPS's funds processing solution for improved cash functionality.
""We value our partnership with EverHome Mortgage, and we continue to be committed to providing game-changing solutions and exemplary service to support EverHome's competitive edge,"" said Dan Scheuble, co-COO for LPS.