Fidelity Provides Interface to BITB.(Fidelity Information Services offers an interface of its Mortgage Servicing Package with MSTD's BackInTheBlack software)

Fidelity National Financial, a Fortune 500 provider of real estate and financial services products and services, announced that Fidelity Information Services (formerly Alltel) has completed an interface of its Mortgage Servicing Package with MSTD's software to improve efficiencies in collections and loss mitigation.

Fidelity entered into a co-marketing agreement with MSTD in 2001 to sell the firm's BackInTheBlack (BITB) software to Fidelity's mortgage servicing customers. The Web-based BITB collection application has been enhanced with the availability of an extract that electronically feeds data from the MSP loan automation system to BITB, and in turn posts XML-formatted data back into MSP. In addition to the standard extract that is currently available, plans are under way to increase the number of MSP fields that update BITB. Fidelity now makes BITB available to all of its mortgage servicing customers and outsourcers with the MSP interface.

"Automated delivery of the MSP extract to BITB and real-time updates back to MSP will significantly enhance the loss mitigation effort," said Bruce Andrews, executive vice president of business partners for Fidelity. "We are pleased to offer our clients a loss mitigation solution that will allow them to assess the borrower's current financial picture and formulate an effective workout strategy with greater confidence ...