TransUnion Eyes Servicing Market
TransUnion Settlement Solutions is eyeing expanded opportunities to provide solutions to the mortgage servicing market, a senior executive at the firm told MSN recently.
The company recently launched Enterprise Document and Information Management at the recent Mortgage Bankers Association servicing conference here. The offering, which combines enterprise software and business process management services, is designed to help mortgage servicers reduce costs, more effectively manage resources and minimize risk by assisting with compliance with regulatory and investor guidelines.
Bob Spector, TransUnion's new vice group vice president for servicing, said TransUnion is well postioned to help lenders manage paper-intensive post-closing and lien release processes. Toward that end, TransUnion has expanded and enhanced the post-closing offering it acquired from AccuPost in a 2004 deal. TransUnion Enterprise Document and Information Management the result of that effort.
Mr. Spector said TransUnion's business requires a "consultative approach" to helping lenders. The system is designed to be flexible and scaleable, he said. Mr. Spector explained to MSN that TransUnion mainly does business in the origination side of the mortgage industry today, but the company sees opportunities to expand its footprint by offering services to the loan administration side as well.
"What I wanted to create was an enterprise that spoke to document and information management," he said.
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