Skip to main content

ServiceLink Announces New Default Solution Options

Oct 19, 2010

ServiceLink, a provider of origination and default-related solutions and technology has announced its comprehensive, end-to-end default solution. This solution empowers servicers to bridge their current technology to ServiceLink's optimized loss mitigation and default technology and outsourcing services. ServiceLink is well prepared to manage to the quickly shifting regulatory guidelines, quality control, and audit requirements around workout options from HAMP processing through foreclosure. This strategic solution focuses on processing efficiency and loss severity, while maintaining compliance with government-sponsored enterprise (GSE), investor and mortgage insurance (MI) regulations and guidelines, managing increasing volume, and complying with stringent audit requirements. In a time when programs, rules and regulations are rapidly changing, servicers need technology with strong and flexible rules engine capabilities. ServiceLink's wrap-around technology solutions, combined with proven loss mitigation and disposition processes, allows them to assist servicers throughout the entire default process. Their Commerce Velocity technology aggregates all pertinent information, analyzes the data based on the customized rules, and provides the optimal workout decision from the point of default. This technology also provides business users the ability to manage workflow changes, regulatory rule changes and other product changes instantaneously. Combined with customized outsourcing components including HAMP processing, loan modifications, short sale, and deed in lieu, ServiceLink can provide capacity on a continual or as-needed basis, acting as an extension of the servicer's organization. "The goal of our complete default solution is to help servicers and investors make the optimal workout decision while maximizing asset value and remaining in compliance," said Jeff Coury, president and chief executive officer of ServiceLink. "Our Commerce Velocity technology, along with our proven products and services, eliminates the need for manual tracking and auditing or reporting in disparate systems. All loan workout rules, programs and processes are maintained through a single wrap-around application." For more information, visit
About the author
Oct 19, 2010
CMG Acquires Norcom Mortgage's Retail Side

The 25-branch addition will enhance CMG’s northeastern presence from Maryland to Maine.

Apr 12, 2024
CFPB Weighs Title Insurance Changes

The agency considers a proposal that would prevent home lenders from passing on title insurance costs to home buyers.

NEXA Begins Search For New CFO

NEXA CEO retires the president position after Mat Grella's termination.

Apr 01, 2024
Recessions: Know What’s What

Volatile components present few indications about subsequent growth

Mar 28, 2024
Co-Founder Mat Grella Terminated From NEXA

NEXA CEO Kortas states negotiations regarding the buyout will continue.

Mar 27, 2024
Comings And Goings At AmeriHome

Chief Operating Officer John Hedlund announced his retirement on Thursday in a LinkedIn post.

Mar 22, 2024