Lender Processing Services Inc. (LPS), a provider of integrated technology and services to the mortgage industry, has created RediMod, an end-to-end solution designed to streamline the mass loan modification process.
LPS says its RediMod is a highly automated solution that addresses processing and fulfillment needs for mass loan modifications by automating loan eligibility and best-fit determinations for modification programs. This process is combined with customer contact strategies that are integrated across multiple contact channels and customer follow-up capabilities that can be tailored to the servicer's requirements.
Using RediMod, servicers can assist their delinquent and at-risk borrowers without replacing or upgrading their core technology infrastructure.
Source: LPS
