Lender Processing Services Inc. (LPS), a provider of integrated technology and services to the mortgage and real estate industries, has announced today EverHome Mortgage Company has signed a long-term contract extension for LPS' Mortgage Servicing Package (MSP). EverHome Mortgage and its predecessors, which have used LPS technology for more than 45 years, is LPS' longest-tenured MSP client.
EverHome Mortgage uses MSP's comprehensive, fully-integrated technology solution to automate all areas of mortgage servicing, including loan setup and maintenance, cashiering, escrow administration, investor accounting, default management, regulatory reporting and tax services.
"As our long-time technology provider, LPS intimately understands our business on both a strategic and operational level, and offers invaluable support in keeping our business compliant with complex, ever-changing regulatory requirements," said Mike Koster, president and chief operating officer of EverHome Mortgage Company. "The stability, depth and scalability of LPS' loan servicing technology has repeatedly proven that MSP is the right solution for our future success."
EverHome Mortgage uses MSP to process more than 430,000 first and second residential mortgage loans in its portfolio, including home equity loans. The company also utilizes additional dynamic LPS solutions to complement MSP, such as LPS Desktop, a seamless enterprise workflow application; Director, the graphical interface into MSP; and the Scripting function in Director, which offers customized, pre-written scripts so that customer service representatives present consistent messaging and can access uniform directions on tasks such as how to make borrower changes, handle specific customer service requests or waive late charges.
EverHome Mortgage recently completed beta-testing for MSP's Work Management solution, which improves workflow speed and efficiency, and LPS' Funds Processing solution for improved cash functionality.
"We value our partnership with EverHome Mortgage, and we continue to be committed to providing game-changing solutions and exemplary service to support EverHome's competitive edge," said Dan Scheuble, co-chief operating officer for LPS.
For more information, visit www.lpsvcs.com.