ServiceLink Announces New Default Solution Options
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 www.servicelinkfnf.com.