Industry leaders LPS and KMC Information Systems form strategic alliance
Integration of LPS Technologies and CaseAware Case Management System Will Improve Foreclosure Processing Efficiency and Transparency
JACKSONVILLE, FL (October 25, 2013) — Lender Processing Services, Inc. (NYSE: LPS), a leading provider of integrated technology, data and analytics to the mortgage and real estate industries, and KMC Information Systems (KMCIS), the leading provider of case management and integration technology to law firms and trustees, have formed a strategic alliance that will more fully integrate select LPS technologies with KMCIS’ CaseAware platform and create an end-to-end foreclosure processing solution for loan servicers.
As part of its suite of industry solutions, LPS delivers technologies that support default servicing, including robust enterprise workflow solutions, title ordering applications, invoice management tools and other systems that help servicers, attorneys and trustees reduce expenses and increase operational efficiencies.
The CaseAware platform provides the law firms/trustees with a highly configurable case management system that allows them to rapidly adapt business processes (without programmer intervention) based on changes in regulations, client service level agreements (SLAs) or investor requirements.
The enhanced integration between LPS and CaseAware will offer improved process functionality for both the servicer and the law firm/trustee, and provide seamless connectivity from the servicer’s system into the more than 100 law firms/trustees utilizing CaseAware as their operating system of record.
“LPS has a rich history and a proven track record of delivering technology that enhances processing efficiency for our clients while helping to manage compliance with state, regulatory and investor requirements,” said Bob Caruso, executive managing director of LPS Transaction Services. “This improved connectivity between CaseAware and LPS will provide greater confidence to all the constituents involved in the foreclosure process and help meet each of their specific needs and requirements.”
“The enhanced integration of these technologies will be extremely beneficial to all parties involved in the foreclosure process through greater data integrity, and move those involved toward the goals of single point of entry and less FTE cost for law firms,” said Wes Kozeny of KMCIS. “The servicers will benefit from an increased focus by the attorney firms on managing the legal, regulatory and client- and investor-specific requirements; the law firms will spend less time managing data exchanges and focus more on process management; and the borrower will see greater levels of process integrity and transparency. Beyond that, all parties will benefit from the entire process, from referral to resolution, by having a single electronic trail.”
About Lender Processing Services
LPS (NYSE: LPS) delivers comprehensive technology solutions and services, as well as powerful data and analytics, to the nation’s top mortgage lenders, servicers and investors. As a proven and trusted partner with deep client relationships, LPS offers the only end-to-end suite of solutions that provides major U.S. banks and many federal government agencies the technology and data needed to support mortgage lending and servicing operations, meet unique regulatory and compliance requirements and mitigate risk.
These integrated solutions support origination, servicing, portfolio retention and default servicing. LPS’ servicing solutions include MSP, the industry’s leading loan-servicing platform, which is used to service approximately 50 percent of all U.S. mortgages by dollar volume. The company also provides proprietary data and analytics for the mortgage, real estate and capital markets industries. Lender Processing Services is a Fortune 1000 company headquartered in Jacksonville, Fla. For more information, please visit www.lpsvcs.com.
Located in St. Louis, Mo., KMC Information Systems is a full-service software development and consulting company dedicated to the continued enhancement, deployment and support of its industry leading law firm case management and integration platform, CaseAware. The mortgage default industry has come to recognize CaseAware as the most prevalent platform for law firm business process, case management and integration. For more information, visit: www.caseaware.com.