A Lender Processing Services (LPS) division will go live with its new short sale broker/agent network within 60 to 90 days, company officials told REO Insider.
The network is designed to help servicers respond to the increasing volume of short sales, LPS said.
LPS Asset Management Solutions, a division of LPS, began discussing the creation of the network in January as the Home Affordable Foreclosure Alternatives (HAFA) program was getting ready to roll out, said Danielle Washburn, assistant vice president marketing for LPS Asset Management Solutions.
Read more...