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LPS using RPR data to flag short sales

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Real estate information and technology firm Lender Processing Services Inc. is offering to notify its servicer clients when a property in their loan portfolio is listed in a multiple listing service. LPS' It's Listed! Alerts are available through the firm's Lien Alert service, which monitors loans for activity that could present a risk for servicers, such as property tax delinquencies, foreclosure filings, and lien status changes. Lien Alert is available for ongoing portfolio monitoring, a one-time portfolio review, or a single real-time property report, LPS said. "Servicers benefit when they have early notification of when their customers put their properties on the market," said Rob Walker, managing director for the LPS Applied Analytics division, in a statement. "It's Listed! Alerts is an early notification system that gives servicers the opportunity to help expedite short sales by identifying delinquent borrowers in their portfolio who have listed their properties....