Industry NewsTechnology

LandAmerica zeroes in on problem loans

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

LandAmerica app crunches loan portfolio LandAmerica Financial Group Inc. is offering a new application to help mortgage lenders and servicers analyze their portfolios to identify potential problem loans and the best options for mitigating losses. The application, eZLoanOptimizer, reviews data collected in the course of originating and servicing loans, basing its analysis on more than 400 attributes. The application generates a report forecasting future loan performance, identifies individual loans with the greatest potential for loss, and recommends loss mitigation strategies that incorporate rules and guidelines developed by the American Securitization Forum, FHA, and the HOPE NOW coalition of loan servicers and investors. Tool helps would-be home buyers pay off debts A new debt-elimination planning tool can help would-be home buyers boost their credit score and position mortgage loan originators as trusted counselors, according to Cogent Road, a San Diego-based...