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LPS Desktop® Moves Industry Technology Ahead in
2009

The economic and industry conditions of the
last few years have presented major challenges to the mortgage
servicing business. Bad loans, declining property values,
unprecedented defaulted loan volumes and the resulting legislative
actions sideswiped an industry whose technology wasn’t prepared to
handle the fallout. Legacy servicing platforms were designed for a
more stable market, and their developers could not have anticipated
the flurry of loss mitigation initiatives, federally-mandated
foreclosure moratoriums and loan workout programs that have
ensued.

In 2009, the team at LPS Desktop continued to work diligently to
bring new, automated, scalable technology solutions to the mortgage
industry with its LPS Desktop application. The team engaged external
partners to undertake capacity planning and new technology
exploration to ensure the system has the scalability and flexibility
required to respond to rising volume and regulatory changes.

Continued...

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