Lender Processing Services (LPS) released an update to its Web-based consumer software for electronic signatures of Making Home Affordable Modification Program (HAMP) workouts. ClosingStream 2.0 complies with Fannie Mae’s (FNM) recently released business requirements for HAMP electronic signature software, LPS said. The software’s functions also include electronic deliver and signing of borrower qualification documents, trial plan and modification agreements. “While ClosingStream 2.0 provides servicers with important efficiency gains in the HAMP modification process, borrowers realize significant benefits as well. They can conveniently upload qualification documentation, e-sign program documents and receive executed documents electronically,” said Ron Frazier, president of LPS’ LSI division. “This ease-of-use feature reflects the win-win nature of ClosingStream 2.0 for both servicers and borrowers.” LPS is a Jacksonville, Fla.-based integrated mortgage technology and services firm. Write to Austin Kilgore.
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