LPS Launches HAMP Application
Lender Processing Services (LPS) launched HAMP functionality for its LPS Desktop, according to a corporate release. LPS Desktop Loss Mitigation is a Web-based tool that can adapt to and manage any loss activity volume. It also enables loan servicers to automate its loan modification process, including loan assignment, queuing and delivery of optimized workout options, document generation and online document execution, according to the release. With the new function, loan files are automatically assigned and sent to servicer work queues and is configurable by client, investor, portfolio and loan type. LPS provides technology, services, data and analytics to the mortgage and real estate industries. Write to Jon Prior.