Lender Processing Services Inc. (LPS), a provider of integrated technology, data and analytics, and KMC Information Systems (KMCIS), a provider of case management and integration technology to law firms and trustees, have formed a strategic alliance.
LPS says the alliance will more fully integrate select LPS technologies with KMCIS' CaseAware platform and create an end-to-end foreclosure processing solution for loan servicers.
The CaseAware platform provides law firms and trustees with a case management system that allows them to adapt business processes – without programmer intervention – based on changes in regulations, client service-level agreements or investor requirements.
According to LPS, the integration between LPS and CaseAware will offer improved process functionality for both the servicer and the law firm/trustee and provide connectivity from the servicer's system into the law firms/trustees using CaseAware as their operating system of record.
"This improved connectivity between CaseAware and LPS will provide greater confidence to all the constituents involved in the foreclosure process and help meet each of their specific needs and requirements," comments Bob Caruso, executive managing director of LPS Transaction Services.
KMCIS' Wes Kozeny adds, "The servicers will benefit from an increased focus by the attorney firms on managing the legal, regulatory and client- and investor-specific requirements; the law firms will spend less time managing data exchanges and focus more on process management; and the borrower will see greater levels of process integrity and transparency. Beyond that, all parties will benefit from the entire process, from referral to resolution, by having a single electronic trail."