Lender Processing Services Inc. (LPS), a provider of integrated technology and services to the mortgage and real estate industries, has announced that Empower, a state-of-the-art enterprisewide loan origination system (LOS), is now available via the following delivery mechanisms to provide lenders with improved time-to-market options:
► Empower Express: LPS' turnkey origination system to completely process a loan based on predefined rules, workflow and screens.
► Empower Express Plus: LPS' complete origination system with a modifiable rules engine, enabling lenders to customize the predefined screens, workflow and rules to meet unique business rules.
► Empower End to End: LPS' end-to-end solution is built on a toolkit approach that enables complete customization.
LPS Empower provides functionality for every facet of the origination process, including point-of-sale, origination, underwriting, closing and post closing. Empower is integrated with LPS' suite of mortgage solutions, including LSI settlement services; RealEC; MSP; and property tax, flood, valuation, imaging and document solutions.
LPS also announced that Don Covey has assumed the role of managing director of the Empower division. Covey has 29 years of experience in financial and data processing services. In addition to a variety of roles with LPS and its predecessor companies, Covey helped grow the businesses of Cybertek, Decade Systems and experITy.
"LPS Empower is the industry's leading loan origination system package because it integrates all the functionality financial institutions need to originate a loan into one complete LOS platform," said Covey. "We are now offering three delivery mechanisms to provide implementation process and timeline options for lenders of any size. Each of these solutions is available in-house or via LPS' secure data center. In addition, each solution is available in a per-loan pricing model, reducing implementation expenses."
For more information, visit www.lpsvcs.com.