Urban Settlement Services Streamlines Loan Mods
Urban Settlement Services tapped Mortgage Cadence to replace their primary analytic and document solution. The partnership will allow Urban Settlement to bulk import upwards of 50,000 loans at a time, validate data, and deliver the required loan modification documents for servicer approval and fulfillment, according to a corporate release. Urban Settlement, based in Pittsburgh, Penn., aids families at risk for foreclosure through their Home Retention work, processing more than 600,000 loan renegotiations in 2008. Mortgage Cadence provides a processing software package, Orchestrator, which automates workflow for the financial services industry. Write to Jon Prior.