 |
| Transformational solution for the management and resolution of distressed loans |  For loans in default, loan servicers face enormous volumes of increasingly complex value and risk decisions on adjustable-rate mortgage (ARM) resets, refinances, escrow analysis, loan modifications, loss mitigation, repurchases and payment processing. Decisions must balance economic value, pricing, eligibility, compliance and legal risk. Servicing systems in general use are neither intelligent enough nor surgical enough to understand each individual situation well enough to avoid foreclosures.
Working in conjunction with existing servicing platforms, Mozart for Special Servicing refreshes loan information up-front with pre-built integrations to external data sources to provide a more accurate, current view of borrower and asset information. It then applies rules-based loan modification guidelines to instantly evaluate a given loan against a robust set of potential options to avoid foreclosure.
For loan modification specialists, the capability includes a set of “optimization” models to work through very specific considerations with the borrower to reduce foreclosures. The Borrower Portal is a consumer-facing web site that facilitates borrower-servicer interaction, data capture, information and document exchange, and task management, and provides borrower access to workout options.
Features & Benefits:
- Get the borrower into right option the first time
- Align borrower, banker, investor, secondary market and other third party interests up front
- Increase scale, reduce cost per distressed asset
- Keep up with new policies and programs
- Win more deals, manage deals more efficiently
- Maintain consistent, defensible, transparent processes
- Leverage existing infrastructure and systems
View our product datasheet here, and to learn more, contact us here.
| | |
|
