ANONYMOUS | Fidelity LPS Navigation for Foreclosure Info

Categorized | STOP FORECLOSURE FRAUD

ANONYMOUS | Fidelity LPS Navigation for Foreclosure Info

Posted on28 March 2011. Tags: anonymous, Aurora, AXSPoint, AxsPoint/Cool, Balboa, bank of america, c-sad, desktop, fidelity, Fidelity National Financial, FNF, foreclosure fraud, i-portal, Lender Processing Services Inc., LPS, MortgageServ, OperationLeakS, Res.net

While some lenders do utilize web-based proprietary systems (MortgageServ, Res.net, etc) for insurance and foreclosure tracking, the majority of the lenders in the US (including Bank of America, Aurora Loan Services, and OneWest) utilize the Fidelity LPS system, which is maintained by Fidelity National Financial. It seems almost impossible to believe all of our banks would allow a single point of failure in our nation’s financial systems, however a certain level of cockiness is certainly warranted after successfully pulling off the largest series of cons in our nation’s history.

The LPS system can be accessed several ways. Using Internet Explorer, Balboa and Assurant agents are able to query every field within the system via the web based Lending Portal Login for all of their clients. The information is then used to build all of the AxsPoint/Cool reports utilized to track Force Placed and REO information on the CCS & PAC systems. The tracker then places the information on Clientsource for the servicer to view.

These systems are all web-based, because while the banksters do practice “honor amongst thieves,” each individual banks still likes to hide a certain level of information from each other to allow the possibility of stealing from each other while stealing from you. Web-based systems allow them to control the information visible to each other.

The LPS System