Lender Processing Services Inc. (LPS), a provider of integrated technology, services, data and analytics, says AmeriFirst Home Mortgage, a community mortgage banker, has completed the implementation of LPS' MSP loan servicing platform.
MSP is a system used by financial institutions to manage servicing processes and allow servicers to meet mortgage and consumer lending servicing needs for any size portfolio. According to AmeriFirst, the MSP platform will offer greater functionality than the current system of record, help reduce operational costs and offer the company greater revenue opportunities.
‘We were looking for a technology solution that provided more robust servicing capabilities to support our growth initiatives, while still helping us manage our operating expenses," says Mark Jones, president and co-founder of AmeriFirst. "We also needed a proven servicing system to help keep us in compliance with increased regulatory changes and federal requirements, as well as ensuring that our internal processes are secure. LPS offered the complete package."
Along with the MPS, LPS says they will help ensure that MSP is up-to-date with current regulatory changes and federal requirements, as well as give customer support through PowerCell, LPS' contact support network.