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Article: IBM to Help Mortgage Industry Aid Challenged Homeowners; New Offering Addresses Rising Volume of Mortgage Loan Modification Requests.
- Article from:
- M2 Presswire
- Article date:
- March 24, 2009
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M2 PRESSWIRE-24 March 2009-IBM: IBM to Help Mortgage Industry Aid Challenged Homeowners; New Offering Addresses Rising Volume of Mortgage Loan Modification Requests
(C)1994-2009 M2 COMMUNICATIONS LTD
RDATE:23032009
ARMONK, NY -- IBM (NYSE: IBM ) today announced a new offering that enables mortgage loan servicers to process large volumes of loan modification requests with greater speed, efficiency and accuracy.
A loan modification is a permanent change in one or more of the terms of a loan that allows the loan to be reinstated and results in a payment the borrower can afford. Recent actions by the U.S. Government intended to aid ...