LandAmerica Lender Services now offers BackInTheBlack, a web-based application that manages the default mortgage process from beginning to end, from collections to property disposition. It transforms default servicing by providing a unified problem loan underwriting solution, eliminating timely, home-grown, paper-based techniques that characterize the current method of default servicing.
As a result, you will see an immediate impact on your profitability. By heading off foreclosures, BackInTheBlack preserves the value of your servicing rights, reduces foreclosure expenses and retains income from servicing, all while reducing the operational expense of handling problem loans. And, it creates a consistency across your process to help keep you in regulatory compliance.
For more information on the benefits of BITB and to find out if it’s right for you, visit the BackInTheBlack website or contact Samantha Friedman at 410-837-0161, ext. 132, or email. She’ll be happy to help you!