Bensalem, Pa.-based ISGN Corp. said it has increased the flexibility of its LenStar technology, a Web-based attorney and referral communication system for the default management market. ISGN said at the MBA Servicing Conference in Tampa that LenStar's new functionality enables servicers to adapt to market changes. Among the enhancements are an executive dashboard that allows users to create customized views of LenStar reporting data based on their own management criteria. This dashboard provides a complete view of the loan timeline, including vendor and user performance, file status and portfolio management. LenStar also now offers a Referral Toolkit, which can be used to create new referral types such as additional bankruptcy types, litigation, lien monitoring, real estate-owned, loss mitigation and title claims.
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The July spike in foreclosures, led by Texas and Florida, presents an immediate opportunity for mortgage servicers to expand regional loss mitigation and default servicing capabilities.
26m ago -
Non-QM securitizations hit $78B as lenders ease guidelines to capture unserved borrower demand, even as total impairments rise for the 10th time in 13 months to 6.27%.
6h ago -
Berkshire Hathaway's HomeServices is adding mortgage servicing to Prosperity Home Mortgage. The move locks purchase borrowers into its ecosystem, cutting off external lenders from future refi retention opportunities.
7h ago -
The fee was to be paid by users who still needed short-term access via software developer kit interfaces to Encompass after the scheduled Dec. 31 sunset.
11h ago -
The Bureau of Economic Analysis reported that the personal consumption expenditures, or PCE, price index rose 3.7% from a year earlier, indicating that inflation remains above the Federal Reserve's target.
August 26 -
Data moving outside of physical documents in the secondary mortgage market is adding millions to costs per year, according to the Housing Policy Council.
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