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LPS Desktop® Moves Industry Technology Ahead in 2009
In 2009, the team at LPS Desktop continued to work diligently to bring new, automated, scalable technology solutions to the mortgage industry with its LPS Desktop application. The team engaged external partners to undertake capacity planning and new technology exploration to ensure the system has the scalability and flexibility required to respond to rising volume and regulatory changes. |
The economic and industry conditions of the last few years have presented major challenges to the mortgage servicing business. Bad loans, declining property values, unprecedented defaulted loan volumes and the resulting legislative actions sideswiped an industry whose technology wasn’t prepared to handle the fallout. Legacy servicing platforms were designed for a more stable market, and their developers could not have anticipated the flurry of loss mitigation initiatives, federally-mandated foreclosure moratoriums and loan workout programs that have ensued. 
