Loss Mitigation

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Fiserv’s Servicing Platform Now Serving Home Affordable Mods 

Jul 08, 2009By

Brookefield, Wis.-based Fiserv upgraded its Loan Servicing Platform to comply with the US Treasury Department’s Home Affordable Modification Program (HMP), the company announced Wednesday. The program sets guidelines for the mortgage industry and may facilitate modifications for as many as 4m troubled homeowners. Fiserv’s software allows servicers to track and study loans to devise the most effective workout strategy.

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