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Article: IBM Now Offering Loan Modification Support.(Technology)
- Article from:
- National Mortgage News
- Article date:
- May 4, 2009
CopyrightCOPYRIGHT 2009 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Anthony Garritano
ARMONK, NY-Realizing the need to modify a record number of problem loans and the fact that servicers can't keep up, IBM here has stepped in with a new offering that it hopes will allow mortgage loan servicers to process large volumes of loan modification requests with greater speed, efficiency and accuracy.
IBM's new loan modification offering complements existing processes and programs, enabling loan servicing companies to increase capacity to assist borrowers with loan modification applications without expensive and time-consuming technology upgrades.
"This was a follow-up to our component services approach," said ...