Florida-based ""Lender Processing Services, Inc."":http://www.lpsvcs.com/Pages/default.aspx (LPS) introduced It's Listed! Alerts as a way to let servicers know when properties in their portfolios show up on the Multiple Listing Service (MLS).[IMAGE]
It's Listed! Alerts can be used by servicers to retain customers and speed up short sales, LPS explained.[COLUMN_BREAK]
""Servicers benefit when they have early notification of when their customers put their properties on the market,"" said Rob Walker, managing director for the LPS Applied Analytics division. ""It's Listed! Alerts is an early notification system that gives servicers the opportunity to help expedite short sales by identifying delinquent borrowers in their portfolio who have listed their properties. The solution can also help servicers retain their customers by giving their lending departments a heads-up when current borrowers have listed their properties.""
Through its exclusive relationship with ""Realtors Property Resource"":https://www.narrpr.com/ (RPR), It's Listed! Alerts will match properties from servicers' portfolios with listing price information available in the RPR system. In addition, RPR can notify the listing agent when a servicer seeks more information about a property.
It's Listed! Alerts expands the capabilities of LPS' Lien Alert solution, which helps servicers better manage portfolio risk with instant notifications about key property-related activities such as foreclosure/default activity and involuntary liens and judgments.
Lien Alert is available through LPS' MSP servicing platform, well as through ""SiteXData.com"":http://www.sitexdata.com/Home/index.aspx and batch fulfillment.