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LOGS Teams Up with Prizm.(Brief Article)
LOGS Financial Services, a national provider of default management services, and Prizm Technologies have formed a strategic alliance to create new "process-driven solutions" for their respective clients in the mortgage servicing industry.
Prizm's "qualitative process re-engineering" uses a four-step business approach to technology: asset management, availability management, change management and service management. The change-management process will particularly benefit lenders by enhancing the quality of services delivered by their field counsel, including the advancement of internal metrics for measuring and reducing the risk of credit loss, the companies said.
"Prizm will help us evolve the next generation of custom workflow solutions for our clients in order to measure and manage the liquidation of delinquent loans to a 'best-in-class' standard," says Gerald M. Shapiro, chief executive officer of LOGS.
LOGS offers outsourced default management services for lenders, concentrating on risk-sensitive areas of foreclosure, bankruptcy, eviction, REO management and loss mitigation. The company's Catapult Default Management System, a proprietary software suite, is licensed ...
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Source: HighBeam Research, LOGS Teams Up with Prizm.(Brief Article)