The 2007 Mortgage Bankers Association (MBA) National Mortgage Servicing Conference & Expo in San Diego continued on Thursday with more companies introducing innovative software solutions designed to help lenders manage and track loans in the marketplace. Jacksonville, Florida-based Fidelity National Information Services (FIS), a provider of core processing for financial institutions, used its spot at the MBA Expo to launch three new initiatives. On Wednesday, FIS announced the formation of its Loan Portfolio Solutions Division – a group that will leverage and combine the company’s desktop technology suite, property and consumer data solutions with integrated due diligence, valuation, lien and document management services. The company says the newly created division will deliver a single end-to-end suite that reduces cycle times and expense while simultaneously managing overvaluation risk and fraud. “FIS is the first to combine all of the tools necessary to deliver a single solution for the loan acquisition and boarding market niche,” said Greg Whitworth, president of FIS’ Loan Portfolio Solutions division. “Industry feedback and research indicate that this market is highly inefficient and plagued with needless handoffs between isolated vendors that deploy myopic technologies.”

FIS says the new division also satisfies the needs of those in the “secondary market by providing institutional investors with comprehensive credit analyses, compliance assessments and detailed valuations on all whole-loan purchase transactions and securitizations.” An integral part of the company’s new division is the FIS Desktop solution, which also was promoted at the MBA conference. The company says its FIS Desktop solution will benefit mortgage lenders, servicers, and investors by providing them with a technology solution that manages the entire post-origination loan cycle, from loan acquisition and boarding through loss mitigation and real estate-owned property disposition. The company in a press release said, “For the first time, there is an enterprise workflow, imaging, and expense management solution that is fully integrated with major service bureaus, such as FIS’ Mortgage Servicing Platform (MSP).” FIS is promoting the product as a solution that will allow clients to use its tools to manage complex tasks related to internal and vendor %operations from the moment the client boards. % FIS also announced the company would use its AQUA title decisioning and title search workflow solution to help clients make informed decisions regarding the types of new loans to offer customers as a way to increase loan portfolio rates. The company says “the streamlined title search and decisioning solution provides lenders and consumers with a more affordable product, which is a result of filed rates and a quick-close option that dramatically reduces the cycle times associated with traditional title and closing models.” “As the industry’s largest centralized title, closing and appraisal company, LSI is pleased to see that our Aqua streamlined title decisioning solution is helping so many lenders maximize efficiencies in the portfolio refinance loan approval process,” said Ron Frazier, president of FIS’ LSI division.