Skip to main content

Lender Processing Services launches end-to-end lien monitoring solution

National Mortgage Professional
Feb 18, 2009

LPS successfully completes year-end mortgage loan processing, on time and without issue MortgagePress.comLender Processing Services Inc., processing, servicing, Mortgage Servicing Package, Wells Fargo Home Mortgage Lender Processing Services Inc. (LPS), a provider of integrated technology and services to the mortgage industry, has announced it completed year-end processing of all loans serviced using its Mortgage Servicing Package (MSP) and processed in its Jacksonville data center on Jan. 1, 2009. All daily, month-end, quarter-end and year-end processing was completed and balanced by 3:30 p.m. on Jan. 1. Shawn Schossow, vice president, Wells Fargo Home Mortgage, said, "2008 year-end processed seamlessly and in a very timely fashion. The planning, effort and support provided by LPS helped ensure a successful close to 2008." During the year-end process, LPS processed more than 37 million loans for 76 clients, while also maintaining normal system access. The year-end processing of loans is a resource-intensive project that is a culmination of activities throughout the year. Under Internal Revenue Service and other government agency regulations, mortgage servicers are required to report prior-year account information to mortgagors. By compiling loan information, generating exception and balancing reports and creating annual statements for mortgagors, LPS' year-end process enables clients to comply with these requirements and meet internal reporting requirements. "Our clients rely on us to complete year-end processing and balancing well before they open for business in the new year - something that is unmatched in the mortgage industry," said Dan Scheuble, LPS' co-chief operating officer and president of its Mortgage Processing Services division. "All service levels were met or uperior support and technology services that makes LPS a leader in the industry." For more information, visit www.lpsvcs.com.
Published
Feb 18, 2009
More from
Tech
Liquid Mortgage Technology Supports Efficient Debt Market

Liquid Mortgage received a U.S. patent for its distributed ledger technology to support its future vision of efficient and transparent debt markets.

Tech
Jul 22, 2021
Rocket Expands Home Search Tool To All 50 States

Rocket Homes announced its growing home search tool now includes listings from all 50 states.

Tech
Jul 21, 2021
Better's One-Click Checkout Now Offers Title Insurance For Refi's

Better announced it has been licensed as a title insurance provider for refinance transactions through Better Settlement Services (BSS) in Virginia. 

Tech
Jul 20, 2021
Fairway Independent Mortgage Uses Doma To Improve Refinance Business

Doma Intelligence platform will remove key points of friction and frustration that affect traditional mortgage closings.

Tech
Jul 16, 2021
Total Expert For Salesforce Improves Customer Engagement

Total Expert announced their integration with Salesforce to enable marketing and customer engagement on behalf of advisors, loan officers, and personal bankers. 

Tech
Jul 15, 2021
Lendsmart Integrates With Freddie Mac To Digitize Underwriting

Lendsmart’s platform unifies all the parties involved and reduces operational costs.

Tech
Jul 14, 2021