Computer Sciences Corporation (NYSE:CSC) today announced a strategic agreement with eMason Inc. for the integration of eMason's Clarifire Web-based process application with CSC's EarlyResolution collections and loss mitigation fulfillment product. The agreement provides CSC clients using EarlyResolution's default work-out decision engine with direct access to eMason's Clarifire foreclosure and bankruptcy process automation software. "We are very pleased to announce this agreement," said Kevin Schlumpf, managing director of CSC's EarlyResolution group.
"By connecting EarlyResolution and Clarifire, we offer the industry an end-to-end default management solution simultaneously accessible to all parties on a single platform. Attorneys and many other third-party default service providers will now have direct access to industry-leading, Web-based tools and an automated process that results in greatly expedited response times." "For the first time, the industry can capture and manage all default processes and close the gaps between technologies, vendors, borrowers and fulfillment of resolutions in one centralized place," said Jane Mason, president of eMason. "Early Resolution automatically launching processes in Clarifire provides a solution that creates quick and measurable results." CSC's EarlyResolution was created in 2000 by Freddie Mac and a consortium of banks to help mortgage servicers find effective solutions when borrowers are in default, lower collection costs associated with defaults, and enable more borrowers to keep their homes when facing potential foreclosure. Acquired by CSC in 2003, and since enhanced to offer workflow capabilities that support the loss mitigation process, EarlyResolution is used by five of the top 10 loan servicers. For more information, visit http://www.csc.com.
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