LPS & Fannie Mae unveil new servicing management tool

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LPS & Fannie Mae unveil new servicing management tool

LPS & Fannie Mae unveil new servicing management tool

So lets get this straight. LPS gets caught committing massive fraud by fabricating mortgage documents and now is allowed to continue to provide government sponsored entities  services? What is wrong with this picture? Government hard at work.

Either links below will work but this is unfreakinbelievable!

HW-

Lender Processing Services unveiled its Workout Interaction Tool, an online application that transfers data from its managed services provider servicing system to and from Fannie Mae’s Servicing Management Default Underwriter platform.

The new tool allows mortgage servicers to access SMDU to provide consistent, real-time decisions on loan modifications and other solutions for homeowners with payment challenges.

[HOUSING WIRE]

Fannie Mae-

Fannie Mae Tool Streamlines Foreclosure Prevention Efforts

Keosha Burns

202-752-7840

WASHINGTON, DC – Fannie Mae (FNMA/OTC) introduced Servicing Management Default Underwriter™ (SMDU™), a tool to help mortgage servicers work faster and more consistently with homeowners to prevent foreclosure.  This technology, a counterpart to Fannie Mae’s widely used Desktop Underwriter® for mortgage originations, breaks new ground by evaluating a homeowner’s financial situation and determining what options are available to prevent foreclosure.

“SMDU addresses several challenges the servicing industry has faced in recent years by eliminating a manual and resource-intensive process for servicers while improving accuracy and consistency,” said Leslie Peeler, Senior Vice President of Fannie Mae’s National Servicing Organization. “So far, adoption has been voluntary and we are pleased a number of leading technology providers and servicing partners have implemented SMDU. There are several large servicers working towards adoption this year. Servicers should anticipate that adoption will be required at some point in the near future. SMDU serves the interests of homeowners, servicers and taxpayers. The bottom line is that we want servicers to prevent as many foreclosures as possible and provide excellent service.”

[FANNIE MAE]

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5 Responses to “LPS & Fannie Mae unveil new servicing management tool”

  1. It’s like a nightmare merry-go-round…There is NO JUSTICE in this country anymore. It’s a free-for-all (except homeowners and middle-class Americans… we pay triple)!

  2. Nancy says:

    Don’t trust them. I have been through too much and still they seem to push as if they have nothing to fear.

    Fraud means nothing and it seems that the government dose not care either.

    Why should we have to do the suffering and not them?

  3. Nancy says:

    By the way has anyone came across the name “Lisa Furco”? I have her on my papers, need help?

    Thanks.

  4. M r. Repasky says:

    need to see stamp and signiture have evidence of fraud

  5. M r. Repasky says:

    please respond at tonight if possible have motion to file this week

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