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LSSI's New Servicer3D(TM) Recognized as Top Loan Servicing Software
POWAY, Calif. --(Business Wire)-- Lender Support Systems Inc. (LSSI), a global provider of eMortgage enabled lending and loan servicing software, was ranked among the three top vendors for loan servicing software by NeighborWorks(R) America in their recently released Loan Origination Systems and Loan Servicing Systems Comparison Study. According to the study they surveyed 52 loan servicing systems. The report stated that "The three top systems represent products that we feel offer the best balance of features, price and ease of use."
"We invested a substantial amount of resources over the past four years to develop a 'best of breed' servicing system," stated Cary Burch, CEO of LSSI. "That investment has paid off for both LSSI and our customers," Burch continued. As of June, LSSI reported that more than half of its customers had already switched to Servicer3D(TM) from the company's legacy LOANbase Servicer 4.0(TM). Servicer3D(TM) was initially released in June of 2007. In March of 2008, LSSI notified all of its customers that it would be sun-setting the legacy application on March 31st, 2009.
As customers upgrade to Servicer3D(TM), they are finding why the system is ranked in the top tier: ease of use, a deep feature set, and one single system at a competitive price. "We are extremely pleased with the new system," explained Jacki White of NeighborWorks(R) of Vermont. "It easily integrates with our other systems, it already contains a large number of built in reports, it handles just about every loan program out there, we can do loan work outs on the fly, and we get all that in the base system, no need to add, and pay for, additional modules. We love it!"
About LSSI
Founded in 1982, Lender Support Systems Inc. (LSSI), led by mortgage industry veterans, provides a superior suite of eMortgage enabled technology solutions to mortgage lenders (including but not limited to bankers, credit unions, community banks) and service providers as a platform for building more streamlined, cost effective and profitable loan origination services. Solutions offered by LSSI include: compliance services, mortgage closing document preparation software, loan servicing software, document imaging, data extraction, business process outsourcing solutions and custom software solutions. For more information, visit www.lendersupport.com or call 877-TRY-LSSI.
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