Universal Component Lender Services (UCLS) announced the release of upgrades to its proprietary software system, Component Servicing Intelligence (CSI).
“CSI was built by experienced default professionals who set out to solve the risks created by existing system limitations,” Steve Paton, senior vice president of default servicing at UCLS, said in a release. “Utilizing its own technology, UCLS simplifies complex default servicing functions while still ensuring compliance at every turn. CSI enables UCLS to out-perform existing default operations and do it at a cost savings for our clients.”
The system effectively connects to, and does not replace, other servicing platforms without the worry of servicing data being out of sync. Timeline tracking and fee tracking provide real-time communication back to clients.
UCLS offers component servicing solutions from loss mitigation, default servicing, call center support and more. Its advisory team offers services for lenders considering bringing servicing in-house or looking for a new sub-servicer.