Keeping homeowners in their homes is one of the many challenges facing mortgage servicing companies. They must also maintain a portfolio that is in compliance on many fronts: regulatory, credit risk and securitization.

The correct application of effective collections, loss mitigation and foreclosure technologies can significantly improve default management operating results in today’s environment of rising delinquencies.

Loss mitigation departments struggle to keep pace with higher retention and liquidation work-out volumes. Typical responses are to apply more resources to these complex, paper-based, labor-intensive business processes.

EarlyResolution® is a leading consumer lending default management solution offered in a software-as-a-service environment. In use by five of the top 10 mortgage servicers, EarlyResolution assists in finding effective solutions when borrowers are in default, lowers collection costs associated with defaults and enables more borrowers to keep their homes when facing potential foreclosure.

With EarlyResolution, mortgage servicers can:

• Reduce credit losses and the number of loans going to foreclosure
• Increase retention workout volume
• Proactively engage borrowers before default situations arise
• Automate and streamline default management processes and interactions with third parties.

EarlyResolution – A secure, high-performance solution for default management

For more information on mortgage default management, read the U.S. Banker feature on EarlyResolution and contact us by phone or e-mail. Only CSC will use the information you provide.