Lincoln, Neb.-based West Gate Bank is now using Lender Processing Services' (LPS) MSP loan servicing platform. As such, the bank has converted its mortgage loan portfolio from its existing banking core system to the new servicing platform.
West Gate Bank's selection of LPS' loan servicing platform means it gains a strategic partner that can help it achieve compliance with present and pending regulations. LPS offers dedicated teams to support clients' compliance efforts. These teams help ensure that the loan platform is up-to-date with current regulatory changes and federal requirements.
LPS also supports its servicing platform with its PowerCell contact support network, which offers application and operational assistance 24/7 to ensure any issues are addressed and resolved quickly.
The MSP is a single, comprehensive system the enables financial institutions to manage all servicing processes, including loan boarding, payment processing, escrow administration and more. The system easily scales to meet any servicing operation's business needs.
‘LPS' servicing platform is a proven technology solution that will help us expand our mortgage business and take advantage of new market opportunities,’ says Mark Hansen, president of West Gate Bank Mortgage. ‘LPS' ongoing commitment to the mortgage industry, combined with the proven stability and functionality of MSP, makes it the right solution for our operational success.’