Lender Processing Services, Inc., (LPS), announced that AmeriFirst Home Mortgage completed the implementation of LPS’ MSP, the industry’s leading mortgage and consumer loan servicing platform. MSP is a single, comprehensive system used by financial institutions to manage all servicing processes, including loan boarding, payment processing and escrow administration, giving servicers a fully integrated system to meet mortgage and consumer lending servicing needs for any size portfolio.
AmeriFirst Home Mortgage’s conversion of residential mortgage loans onto the MSP platform will offer greater functionality compared to the mortgage banker’s current system of record, help reduce operational costs and offer greater revenue opportunities for its expanding company.
“We were looking for a technology solution that provided more robust serving capabilities to support our growth initiatives, while still helping us manage our operating expenses,” said Mark Jones, president and co-founder of AmeriFirst Home Mortgage. “We also needed a proven servicing system to help us in compliance with increased regulatory changes and federal requirements, as well as ensuring that our internal processes are secure. LPS offered the complete package.”