Topic: MSP or FirstAmerican TP-1380
Keyword: Loss Mitigation / Loan Modifications Forum Index
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  Marlie Raunders | Email | Contact | Postings | Edit | CT471091 05/14/2010 9:16 PM
Is there anyone here that works at a mortgage servicer and/or origination bank or a specialty finance company? We are a very small mortgage servicer (now becoming a slightly bigger one) We are in the process of revamping out mortgage operations and I wanted to get opinions on the relative pros and cons of using origination and default processing tools from Lender's Processing Services and First American. So far, we've used a third party software but we have to change now as it has really not performed up to expectation. Can someone please tell me their experience with LPS and First American? Which one is better for what or if one of them is better hands-down? I sat through both their sales pitches...but it's exactly that..a sales pitch. So I'd appreciate some additional information from someone who uses origination and default management software on a daily basis as to which one is better for what aspects and why. I hope there are at least some people who have used both! Thank you very much!

Marlie

m.raunders@gmail.com
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