HP Enterprise Services, Palo Alto, California, has signed a five-year extension of its agreement with Loan Value Group LLC, Rumson, N.J.
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Under the new extended agreement, HP will continue to provide customer support functions on behalf of the latter's cash-incentive rewards program for homeowners who make timely payments on their loans.
LVG said the move would allow it to support the launch of new portfolios of loans. In addition, the New Jersey-based company expects it to increase the program's response time in meeting market demand.
