Lender Processing Services launched its Workout Interaction Tool, a Web-based application that provides data from the company’s loan servicing platform MSP and interfaces with Fannie Mae’s Servicing Management Default Underwriter platform.

Through the new tool, mortgage servicers can increase efficiency through real-time loss mitigation workout recommendations from Fannie Mae by having access to its SMDU solution, which adheres to the enterprises Servicing Alignment Initiative guidelines. For example, servicers can offer homeowners consistent decisions on loan modifications and other solutions if they are dealing with payment challenges.

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