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Ladder Capital Finance commences operations

National Mortgage Professional
Nov 12, 2008

LPS launches Neighborhood OutlookMortgagePress.comLender Processing Services, Neighborhood Outlook, REO sales information Lender Processing Services Inc. (LPS), a provider of integrated technology and services to the mortgage industry, has announced the launch of Neighborhood Outlook, a robust, easy-to-follow report that provides forecasts of value, as well as delinquency and inventory trends for the immediate neighborhood surrounding a specified property. This tool will help servicers identify and mitigate potential mortgage delinquencies before they begin. "The continuing increase in mortgage defaults, foreclosures and REO inventories demand the origination, capital markets and servicing industries use more detailed information about properties and localized market trends in their decision making," said Jon Davis, managing director of LPS Applied Analytics' Valuation Solutions group. "A nationwide trend might not always prove true for a specific neighborhood. In fact, frequently, there are significant variances from nationwide and even regional trends. Neighborhood Outlook enables us to drill down to the neighborhood level to understand a property's current value and its likely direction in the near future." Neighborhood Outlook is a unique tool that leverages LPS' analytics models to predict housing supply, delinquencies and foreclosures in the near term for a neighborhood. This is then combined with information from LPS' extensive deed and assessment database, including recent sales, non-sales and listing cancellations, and REO sales information for the same neighborhood. With this, an accurate current price and near-term price can be determined. For more information, visit www.lpsvcs.com.
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