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BlitzDocs and Lydian Will Help Lenders Manage Risk.(Lydian Data Services)
BOCA RATON, FL -- Lydian Data Services here, a provider of mortgage process outsourcing services and mortgage transaction management solutions, has become an Advectis BlitzDocs Certified Quality Control and Due Diligence Provider.
"The number of companies that are concerned with potential liquidity issues and the quality of loan pools has resulted in a rapid increase in demand for both quality control and due diligence services," said Brian Fitzpatrick, president of Lydian Technology Group and executive vice president of product management and marketing for LDS.
Data flow and document reviews are made possible by the BlitzDocs "collaborative document network," LDS said. The ultimate benefit is better loan risk screening when loans are bought and sold.
"Our mutual customers will benefit from significant cost reductions and streamlined workflow associated with quality control and due diligence processes," said Todd Moncrief, vice president of business development at Advetics.
LDS said the partnership has allowed the ...
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