LandAmerica Introduces eZLoan Optimizer(TM) to Identify Problem Loans
|August 5, 2008|
RICHMOND, Va., -- LandAmerica Financial Group, Inc. (NYSE: LFG - News), has released eZLoan Optimizer, a new solution helping mortgage lenders and servicers identify loans with existing or potential problems, and providing specific actions to be taken to minimize losses in their loan portfolios.
eZLoan Optimizer gives mortgage lenders and servicers a fully automated process for analyzing 100 percent of their mortgage loan portfolios. Unlike other loan analytical products, eZLoan Optimizer thoroughly reviews and analyzes mortgage origination and servicing information based on more than 400 attributes. Once this exhaustive analysis is complete, a mortgage lender or servicer receives a forecast of future loan portfolio performance, identification of individual loans with greatest potential for loss and recommendations for mitigating losses. eZLoan Optimizer incorporates current programs committed to minimizing foreclosures such as ASF, FHASecure and HOPE NOW rules.
"Instead of our customers spending unproductive time looking for loans that need actions, they can use eZLoan Optimizer to identify and prioritize problem mortgages as well as receive specific pre-defined action steps," said Al Will, Executive Vice President - LandAmerica® Residential Services. "This unique solution empowers our customers to focus on managing their servicing operations more effectively and taking the necessary steps to minimize financial losses."
Source: LandAmerica Financial Group, Inc.