CoreLogic has integrated its IntelliMods loan modification decisioning tool with Fiserv’s LoanServ mortgage servicing platform.
IntelliMods, which features e-signature capabilities and is already integrated with Fannie Mae’s Servicing Management Default Underwriter, compliantly automates the loan modification process. The Web-based decisioning tool is used to accelerate Home Affordable Mortgage Program, government-sponsored enterprise and proprietary loan modifications, all while providing auditable reporting and tracking.
Within IntelliMods, loan documents can be uploaded, qualified, processed, signed electronically or sent to the borrower and tracked within minutes. Dashboards and status reporting allow servicers to follow the status of document packages with ease.
“Facing default is a truly distressing situation for a borrower,” said Joe Dombrowski, director of product management, lending solutions, for Fiserv. “The integration of LoanServ from Fiserv with CoreLogic IntelliMods enables a servicer to quickly – in real time – and accurately evaluate borrower information and present the appropriate loan modification package, thereby reducing default risk and greatly improving borrower interaction.”
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