ISGN Adds Enhancements To LenStar Default Network

Posted by Orb Staff on February 18, 2009 No Comments
Categories : Mortgage Servicing

ISGN Corp. has implemented several enhancements to its LenStar technology, a Web-based attorney and referral communication system for the default management market.

The LenStar network provides servicers access to lenders and attorneys servicing over 25% of the residential loans in the country. With LenStar, users are able to share critical foreclosure and bankruptcy loan information right from their desktops, reducing the need for phone calls, faxes and shipping. LenStar also automates the ordering of title, automated valuation model and broker price opinion evaluations.

LenStar's new functionality is more customizable and flexible, enabling servicers to not only manage their loans even more intricately and comprehensively, but also quickly adapt to market changes and complete more work in less time than ever before, the company says. Enhancements include an executive dashboard that allows users to create customized views of LenStar reporting data based on their own management criteria. This dashboard provides a complete view of the loan timeline, including vendor and user performance, file status and portfolio management.

LenStar also now offers a Referral Toolkit, which can be used to create new referral types such as additional bankruptcy types, litigation, lien monitoring, real estate owned, loss mitigation and title claims, all with minimal effort – giving users more flexibility and ultimately, the ability to quickly adapt to market changes.

SOURCE: ISGN Corp.

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