The LOGS Network, a nationwide group of commonly-owned and centrally managed law firms and trustee companies, has decided to utilize Computer Sciences Corporation’s EarlyResolution mortgage default software to assist the network with its new home retention division-HEART (Homeowners Equity Assisted Retention Team) Financial Services.
Using the solution, CSC says HEART can “recommend customized workout programs for residential borrowers whose delinquent loans have been referred for foreclosure or bankruptcy legal representation.”
With the industry demanding faster workout strategies, leaders with both organizations are promoting the tool as a useful ingredient in the home retention process.
“EarlyResolution is a standard for loss mitigation in the mortgage servicing industry,” said Gerald B. Alt, president and chief operating officer of LOGS Network. “By providing a platform that many of our servicing clients have in common, EarlyResolution will allow HEART Financial Services to get to market more quickly.”
Kevin Schlumpf, managing director of the EarlyResolution practice within CSC, added that, “Being selected by LOGS Network, a trendsetter in this market, confirms that CSC’s technology can improve business results. This relationship opens up a new channel for EarlyResolution. By providing mortgage default decisioning tools for LOGS’ large attorney network, we can help more people avoid foreclosure.”
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