DSNews The homepage of the servicing industry
""Lender Processing Services, Inc."":http://www.lpsvcs.com (LPS), a provider of integrated technology and services to the mortgage and real estate industries, has launched a new reporting and analytics solution.
[IMAGE]According to a statement from the Florida-based company, mortgage servicers can use LPS's Business Intelligence (BI) product to measure and analyze performance indicators to help make more informed decisions about loans in their portfolios.
""LPS Business Intelligence offers users a more comprehensive and accurate view of loan data and helps
[COLUMN_BREAK]them identify and predict changes over periods of time,"" said Greg Whitworth, executive managing director of LPS's Servicing Solutions division. ""The solution's current and historical views of loan data offer significant possibilities for trending and analysis.""
Mortgage servicers can use a single, online portal to access both current and historical data that they can compile in detail, summary, or other customized perspectives for more robust analysis.
Servicers can use the data for the creation and delivery of reports to identify trends, complete analyses, and report on key performance metrics. Because this tool pulls information from one source, it eliminates the need for servicers to run multiple queries using data from disparate systems.
The toolset also features query and graphing capabilities, allowing users to create customized and illustrated reports with the built-in graphics and chart options.
""LPS BI has been an excellent management asset for us,"" said David Henderson, investor reporting manager for the ""Virginia Housing Development Authority"":http://www.vhda.com/Pages/Home.aspx. ""This powerful, easy-to-learn reporting tool helps us gain more clarity into our portfolio data across the organization so we can quickly identify issues and execute faster on necessary actions.""
