strategic consulting services – Mortgage origination solutions


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strategic consulting services – Mortgage origination solutions

  1. 1. strategic consulting services – Mortgage origination solutions Defining and solving complex business Mortgage Origination Solutions problems is a vital step for mortgage bankers in improving organizational efficiency, The SCS Mortgage Origination Solutions increasing customer service and reducing Practice is focused on lending – from lead costs. Lender Processing Services (LPS) has generation through loan delivery and servicing extensive experience with all aspects of the on-boarding. LPS’ Mortgage Origination Strategic Consulting mortgage lifecycle, including originations, Consultants deliver the following services Services can help you: servicing, default and secondary marketing. and can customize a solution to fit your • Decrease Cycle Times This knowledge of the lending lifecycle specific needs. • Increase Portfolio combined with LPS’ lending solution Retention expertise provides a framework to deliver a • Mortgage Sales and Fulfillment • Improve Operational suite of specialized business and technology Operations Review Efficiency consulting services. LPS’ Strategic Consulting • Process Automation Solutions Services (SCS) works with customers on their • Portfolio Retention Strategies most challenging and critical business and • Analytics – Applying and Turning Into technology initiatives and provides effective Actionable Intelligence solutions to help you define and overcome complex business challenges, maintain profitability and mitigate risk. While most consulting firms treat financial services as a single segment of their business, financial services is LPS’ only business. SCS employs experienced professionals in the financial services industry and possesses comprehensive knowledge of the industry’s business process, systems and data. The SCS group is comprised of multi-disciplined subject matter consultants, each with more than 20 years experience in management and operations with some of the top lenders and servicers in the U.S., as well as the Government Sponsored Enterprises (GSEs). These resources have a complete understanding of the lending lifecycle, the systems that support it and the data that drives it. With this, consultants help the mortgage industry design and implement timely solutions to business problems. December 2009 • SC05
  2. 2. Mortgage Sales and Fulfillment Process Automation Solutions Operations Review LPS consultants specialize in identifying LPS Strategic Consulting offers a one- and implementing solutions that help you to two-day discovery session with your automate the lending process. Whether you business managers and key staff to look for are installing a new loan origination system or immediate high-impact, low-effort change looking to automate a piece of the process, LPS recommendations. The sessions will focus can provide support to your organization in a When you partner on critical areas in your operation chosen by number of ways: with LPS, you gain you as the most vulnerable. The engagement • Product analysis to pick the best software consultants with “real also enables consultants to best position LPS solution to support your business process world” mortgage offerings to deliver maximum value to you • Workflow process reengineering experience. through fact-based analysis, an approach that • Data solutions to improve loan quality has proven to be very popular with many LPS • Strategies for point-of-sale automation to clients and prospects. improve closing conversion • Program management review of For greater benefit, LPS can perform a more your technology implementation and detailed operational assessment that analyzes migration plans your current sales and fulfillment operating • Analysis and testing, training and practices, process flows, and team organization deployment strategies from the point of sale to investor delivery • eLending processes and technologies to and servicing. Strategic consultants review support the process the current environment against industry best practices to identify needs, and then recommend both immediate actions and long- term solutions. The SCS team assessment delivers valuable validation of your business processes, including: • Review of sales and operational goals to ensure alignment with corporate goals • Process re-engineering recommendations to improve efficiencies • Automation opportunities to reduce paper and improve loan quality • Business case development and analysis for process changes • Competitive best practices review
  3. 3. Portfolio Retention Strategies Analytics Lenders need the ability to offer fast, hassle- LPS Strategic Analytics Consultants have free, targeted processes for proactive refinance extensive experience in designing and campaigns. LPS provides these capabilities with implementing modeling strategies and can apply its RediRefi solution. RediRefi is a suite of LPS proven methodologies and analytics, to augment products and services that have been packaged the company’s current analytics/modeling. to provide a rapid implementable and flexible RediRefi provides a solution to address refinance volume challenges. Leveraging predictive analytics, you can rapid, implementable RediRefi provides benefits that help lenders at use intelligence to improve your business and flexible solution every point in the process, including: processes and strategies, better leverage for refinance volume • Identification of loans that are the best resources, set underwriting criteria and make challenges. candidates for refinancing the securitization process more efficient. LPS • Proactive planning and execution of consultants can provide a reporting assessment marketing campaigns to ensure borrowers which includes an examination of your remain your customers and enable new loan current reports and identifies strengths and acquisition opportunities opportunities against industry best practices. • Assessment of critical functions at every Where necessary, specific report templates point in the refinance process provide high-level requirements for report • Facilitation in managing inbound and development to assist managers and executives outbound contact channels in getting the surveillance required to effectively • Reduction of refinance costs for you and lead their organizations. the borrower by using streamlined settlement solutions For lenders that do not have analytics or an analytics team, LPS’ consultants can augment A solid portfolio retention strategy is key your staff and begin analyzing the data you to protecting your assets and maintaining currently have. With this information, our continuity in your business revenue. LPS has consultants can recommend a quick, short- proven strategies that can work for you. term set of analytic strategies to address your immediate needs. Once those are in place, the consultant can offer a more strategic long-term set of strategies.
  4. 4. Strategic Consulting Services – Supporting All Your Business Needs Regardless of your business challenges, LPS’ Strategic Consulting Services can partner with you to assess your needs and develop strategies for improvement. For more information on Mortgage Origination Solutions through LPS’ Strategic Consulting Services team, please visit us on the Web at, or call 800.991.1274 to find out how you can improve processes across your organization. 800.991.1274