Skip to main content

Servicing Management Solution From LPS to be Utilized by West Gate Bank
Aug 29, 2013

Lender Processing Services Inc. (LPS) has announced that West Gate Bank has implemented MSP, and LPS system used by financial institutions to manage all servicing processes, including loan boarding, payment processing, escrow administration and more, and gives bankers the technological power to meet all mortgage and consumer lending servicing needs for any size portfolio. "LPS' servicing platform is a proven technology solution that will help us expand our mortgage business and take advantage of new market opportunities," said Mark Hansen, president of West Gate Bank Mortgage. "LPS' ongoing commitment to the mortgage industry, combined with the proven stability and functionality of MSP, make it the right solution for our operational success." With the implementation complete, West Gate Bank has converted its mortgage loan portfolio from its existing banking core system to the MSP servicing platform. One of the key advantages LPS offers are its dedicated teams assigned to support clients' compliance efforts by helping to ensure that MSP is up-to-date with current regulatory changes and federal requirements. Another benefit West Gate Bank will receive with its MSP implementation is customer support through PowerCell, LPS' award-winning contact support network. PowerCell is committed to West Bank's operational success with MSP and offers the availability of technical, application and operational assistance 24/7 to ensure any issues are addressed and resolved quickly and to the bank's satisfaction. "We are pleased West Gate Bank has chosen LPS to meet the needs of its growing and successful business," said Robert Davis, executive vice president of sales and account management in LPS' Servicing Solutions and Technology division. "By providing scalable and comprehensive technology solutions, LPS can help mortgage servicers of any size achieve their immediate and long-term goals for greater efficiency, reduced costs and increased revenue."
Aug 29, 2013
More from
Take It From The Old Timers

They were rockin’ the industry before social media even came into the picture

Dec 01, 2023
Celligence Launches NFT Generated By Its AI And Smart Technology And Integrates With Diwali Celebration

AngelAi powers a wonderful celebration of Diwali, Puerto Rico, and empathetic technology.

Nov 30, 2023
Finance of America Fortifies Cybersecurity

Finance of America is partnering with Spera Security to mitigate identity security risks and safeguard sensitive data.

Nov 15, 2023
Fraud Fighting Funding

Survey reveals biggest pain points for Chief Information Security Officers are 3rd party risk management and AI security

Oct 23, 2023
A Quest For The Digitally Confounded

Blockchain might have a transformative potential for the future

Oct 03, 2023
Robots Can’t Relate

Incorporating ChatGPT into mortgages has some originators concerned if artificial intelligence is a friend or a foe

Sep 27, 2023