LOGS Network, a national group of commonly owned and centrally managed law firms and trustee companies providing real-estate-related legal and title services, has chosen Computer Sciences Corp.'s (CSC) EarlyResolution mortgage default software for its recently launched home retention assistance business. HEART Financial Services, a division of The LOGS Group LLC, will use EarlyResolution's core decision engine to recommend customized workout programs for residential borrowers whose delinquent loans have been referred for foreclosure or bankruptcy legal representation.
HEART (Homeowners Equity Assisted Retention Team) provides loss mitigation services to mortgage lenders in conjunction with member firms of LOGS Network. EarlyResolution can be configured to reflect the individual rules of each of these clients so that, on inbound and outbound contacts, HEART's professionals can immediately determine delinquent borrowers' eligibility and recommend the optimal loss mitigation option.
‘By providing a platform that many of our servicing clients have in common, EarlyResolution will allow HEART Financial Services to get to market more quickly,’ says LOGS Network President and Chief Operating Officer Gerald B. Alt.