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LSSI Is Getting Traction with 3D.
Poway, CA -- Technology providers, like the lenders they serve, face a challenging market as the mortgage industry struggles to right itself.
But some technology providers find that servicing applications are finding success even as loan origination business suffers.
Lender Support Systems Inc., a provider of e-mortgage lending and loan servicing technology here, has doubled its loan servicing software revenue since releasing its Servicer3D product one year ago.
LSSI's Servicer3D replaced the company's previous application, LoanBase Servicer, and represents the next generation of loan accounting software, said Cary Burch, president and CEO of LSSI. The system's 32-bit architecture gives users easier access to data within the system, he said. It also can interface with a variety of other programs used by lenders, including Microsoft Word, Adobe and Crystal Reports.
Servicer3D offers users improved searching, sorting and querying capabilities that simplify the way loan information is accessed for mission-critical applications and market changes. The new system enables portfolio lenders to efficiently account for individual loans or loan pools while staying up to date with servicing compliance standards, Mr. Burch told National Mortgage News.
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- Accounting for mortgage servicing rights.
- Magazine article from: The National Public Accountant Reynolds, Brian M. September 1, 1995 700+ words
...s SFAS No. 122, Accounting for Mortgage Servicing Rights, amending SFAS No. 65...reconsider the accounting treatment of mortgage servicing rights. The MBAA wanted the FASB...the accounting distinction between mortgage servicing rights chat are acquired through...
- CONSOLIDATION OF NATIONSBANK RESIDENTIAL MORTGAGE SERVICING PROCESSING...
- Press release article from: PR Newswire December 17, 1991 700+ words
...CONSOLIDATION OF NATIONSBANK RESIDENTIAL MORTGAGE SERVICING PROCESSING ACTIVITIES, AND THE PLANNED SALE OF MORTGAGE SERVICING UNIT ANNOUNCED CHARLOTTE, N...Consolidation of NationsBank residential mortgage servicing and processing activities, and...
- PNC'S CITIZENS FIDELITY BANK CLOSES ACQUISITION OF COWGER & MILLER MORTGAGE...
- Press release article from: PR Newswire June 8, 1992 700+ words
...ACQUISITION OF COWGER & MILLER MORTGAGE SERVICING PORTFOLIO PITTSBURGH, June 8 /PRNewswire...has closed its acquisition of the mortgage servicing portfolio of Cowger & Miller...by Citizens Fidelity Bank's PNC Mortgage Servicing Company. The acquired portfolio...
- PNC'S CITIZENS FIDELITY BANK SIGNS AGREEMENT TO ACQUIRE COWGER & MILLER...
- Press release article from: PR Newswire March 24, 1992 700+ words
...TO ACQUIRE COWGER & MILLER MORTGAGE SERVICING PORTFOLIO PITTSBURGH, March 24...definitive agreement to purchase the mortgage servicing portfolio of Cowger & Miller...will purchase a $1.5-billion mortgage servicing portfolio, consisting of approximately...
- Pitfalls lurk in plan to change servicing rules. (Financial Accounting...
- Magazine article from: American Banker Russell, Kenneth D. Horn, Michael F. May 5, 1994 700+ words
...make the accounting for originated mortgage servicing rights more like that for purchased mortgage servicing rights. The FASB expects to issue...accounting for originated and purchased mortgage servicing, the proposed statement addresses...
- Servicing profits and performance. (mortgage servicing)(Cover Story)
- Magazine article from: Mortgage Banking Oliver, Geoffrey McDonald, Laura June 1, 1997 700+ words
...1994. If you are trying to evaluate mortgage servicing performance, especially in terms...Standard No. 122, "Accounting for Mortgage Servicing Rights," companies evaluating their...on assets (after amortization of mortgage servicing rights) of 8.4 percent decreased...
- Mortgage servicing, appraisal reform bill clears House committee.(Briefing Book)
- Magazine article from: Mortgage Banking December 1, 2007 700+ words
...approved a bill designed to improve mortgage servicing standards and enhance real estate...filed, the Escrow, Appraisal and Mortgage Servicing Improvements Act (H.R. 3837...borrower protections by improving mortgage servicing practices and requiring escrows for...
- Mortgage Servicing's future: Big for capital-rich banks looking for assets.
- Magazine article from: American Banker August 18, 1997 700+ words
...remain in the game. Today, the mortgage servicing business is a healthy environment...and mortgage banks. For starters, mortgage servicing is highly attractive to capital...industry consolidates, the future of mortgage servicing is destined for further change...