Overture Technologies today announced that it has enhanced its Mozart for Special Servicing solution to be the first comprehensive software program to provide mortgage servicers with automated implementations of all requirements of the Obama Administration's Home Affordable Modification Program.

Mozart for Special Servicing is an automated "decisioning" tool already in use by special servicer Residential Credit Solutions and currently is being demonstrated to federal agencies and a variety of mortgage servicing companies. With Overture's Mozart for Special Servicing, a servicer is able to pull a full credit report, get an automated verification of employment, and gather real estate and other information to determine the best option for the homeowner in a matter of seconds, something that most servicers are not currently equipped to do easily.

"Without the use of automated decisioning, the ability by a servicer to determine borrower eligibility for a refinance or loan modification could take days, weeks, or even months," said Linda Simmons, Overture Technologies' general manager, mortgage finance solutions.

To read the full press release, click here.