The platform manages the full range of loan servicing including loan boarding, payment processing and escrow administration for any-size portfolio.
The conversion enables the Portage, Mich.-based community mortgage banker to process its residential mortgage portfolio onto a platform that according to LPS is currently used to service approximately 50% of all U.S. mortgages by dollar volume.
The technology solution offers secure servicing capabilities that will support AmeriFirst’s growth initiatives and lower operating expenses, said president and co-founder of AmeriFirst Home Mortgage, Mark Jones.
Another goal is to automate “compliance with increased regulatory changes and federal requirements," he said.
LPS will also offer implementation expertise and support through teams assigned to support the bank's compliance efforts as well as customer support through the LPS PowerCell contact support network.