ServiceLink, a provider of origination and default-related technology for fifteen of the top twenty mortgage lenders and servicers, has launched a comprehensive, end-to-end default solution.
Servicers are able to bridge their current technology to ServiceLink’s optimized loss mitigation and default technology and outsourcing services. The strategic solution focuses on processing efficiency and loss severity while maintaining compliance with GSE, investor and MI regulations and guidelines, managing increasing volume, and complying with stringent audit requirements.
ServiceLink’s Commerce Velocity technology aggregates all pertinent information, analyzes the data based on the customized rules, and provides the “optimal workout decision” from the point of default.
This technology also provides business users the ability to manage workflow changes, regulatory rule changes and other product changes instantaneously. Combined with customized outsourcing components including HAMP processing, loan modifications, short sale, and deed in lieu, the Pittsburgh, Penn.-based company can provide capacity on a continual or as-needed basis, acting as an extension of the servicer’s organization.
