Jacksonville, Fla.-based Lender Processing Services Inc. (LPS) has announced It's Listed! Alerts, a new enhancement to its Lien Alert offering.
According to the company, the It's Listed! Alerts notify servicers when properties in their portfolios appear on the multiple listing service (MLS). The alerts also expand the broad capabilities of LPS' Lien Alert solution, which helps servicers better manage portfolio risk with instant notifications about key property-related activities that can impact a loan portfolio, the company adds.
‘Servicers benefit when they have early notification of when their customers put their properties on the market,’ says Rob Walker, managing director for the LPS Applied Analytics division. ‘It's Listed! Alerts is an early notification system that gives servicers the opportunity to help expedite short sales by identifying delinquent borrowers in their portfolio who have listed their properties. The solution can also help servicers retain their customers by giving their lending departments a heads-up when current borrowers have listed their properties.’