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LULAC and CEAC form national partnership to promote minority access to credit and financial literacy

National Mortgage Professional
Oct 17, 2008

LPS introduces tool to proactively manage default riskMortgagePress.comLender Processing Services, LPS, Proactive Risk Management, Lender Processing Services Inc. (LPS), a provider of integrated technology and services to the mortgage industry, has introduced Proactive Risk Management, a tool that seamlessly integrates with a lender's existing servicing and banking systems, as well as enterprise credit risk models, analytics and data tools. Proactive Risk Management helps lenders proactively mitigate losses with borrowers who have a high probability of becoming delinquent in their mortgage payments. This solution connects borrower data across all lending lines and assesses borrower risk in real time, using existing models or credit scoring. By immediately identifying at-risk borrowers, servicers can react and deliver targeted risk management and loss mitigation recommendations, based on the lender's or servicer's parameters, through any communication channel, including call center, IVR and Web site. "The current economic environment demands innovative solutions to new complex challenges, and lenders need to proactively identify and reach out to at-risk borrowers earlier than ever before," said Dan Scheuble, co-chief operating officer of LPS. "Our proactive risk management capability gives lenders an innovative mechanism to do just that. This tool enables them to analyze the risk a borrower presents to the organization and act upon it every time the institution is in contact with the borrower." The solution is delivered in a hosted environment and built using a Web services architecture, which makes it easy to deploy quickly. The solution can be implemented and begin providing risk management recommendations within 90 days, allowing servicers near-term relief from the current market pressures. For more information, visit www.lpsvcs.com.
Published
Oct 17, 2008
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