Process server management company ProVest has partnered with five lending servicers in an attempt to improve turn times while maximizing loss mitigation results. Two of the servicers are ranked among the top-10 largest in terms of volume, and another is ranked among the top 10 for Alt-A volume, according to ProVest.
‘Efforts to better educate the public and increase loss mitigation are more crucial than ever,’ says Victor Draper, executive vice president of ProVest. ‘Working closely with leading servicers and providing them with better tools supports ProVest's commitment to improving the default servicing industry.’
The company's proprietary system, TRACKER, offers the ability to automatically upload/download field data and images to partners and corporate offices in real-time. Within just a few hours, all parties know where and when the papers were served, where the homeowner is physically located and what information was disseminated, enabling the servicer to become increasingly proactive with loss mitigation efforts, the company says.