ServiceLink Expands Availability of HARP 2.0 Solution
May 10, 2012
ServiceLink has expanded the availability of its HARP 2.0 solutions to lenders nationwide, including regional and smaller national lending institutions.
ServiceLink has provided custom and standardized programs to support HARP transactions for the nation's leading financial institutions since the program's inception in 2009. To date, ServiceLink has completed hundreds of thousands of HARP transactions for its customers, helping borrowers stay in their homes in the process.
In order to facilitate each lender's business needs, HARP transactions may be submitted to ServiceLink in a variety of ways, including custom systems integration, the company's website or through leading third-party transaction platforms.
Once a lender has identified and solicited a borrower for participation in the HARP 2.0 program and assigned the loan to ServiceLink, ServiceLink then runs the loan data through its proprietary SmartConneXion iApprove platform to make informed title workflow decisions, triggering rapid production of title commitments and "clear to close" notifications. This allows ServiceLink to measure the delivery of title commitments in minutes. Additionally, over 90 percent of the loan files that ServiceLink manages through this process achieve a "clear to close" title in just two days.
Through its Web-based closing solution, ServiceLink then works with borrowers to review and execute the loan documents from virtually any location at any time. Access to real-time, face-to-face video technology further enhances the borrower experience for ServiceLink's customers. Additionally, HARP closings leverage all of the available closing solutions, including in-home signings, in-branch signings and traditional office closings.
"As a company, ServiceLink is committed to providing lenders with the tools that they need to manage their HARP 2.0 programs more efficiently and profitably," said Chris Azur, President of ServiceLink. "We have designed our solutions to scale to market demand, and I am proud of the positive impact that we are making on behalf of our customers and their borrowers. As the HARP program continues to evolve and grow, our lender customers are well positioned to react quickly to guideline changes and further ensure compliance of their processed loans.”