Logs Network Choses CSC's Mortgage Default Management Software

HEART Financial Services, a division of The LOGS Group LLC, will use EarlyResolution’s core decision engine to recommend customized workout programs for residential borrowers whose delinquent loans have been referred for foreclosure or bankruptcy legal representation.

HEART (Homeowners Equity Assisted Retention Team) provides loss mitigation services to mortgage lenders in conjunction with member firms of the LOGS Network. EarlyResolution is configurable to reflect the individual rules of each of these clients so that, on inbound and outbound contacts, HEART’s professionals can immediately determine delinquent borrowers’ eligibility and recommend the optimal loss mitigation option.

“EarlyResolution is a standard for loss mitigation in the mortgage servicing industry,” said Gerald B. Alt, president and chief operating officer of LOGS Network. “By providing a platform that many of our servicing clients have in common, EarlyResolution will allow HEART Financial Services to get to market more quickly.”

“Being selected by LOGS Network, a trendsetter in this market, confirms that CSC’s technology can improve business results,” said Kevin Schlumpf, managing director of the EarlyResolution practice within CSC’s Financial Services Sector. “This relationship opens up a new channel for EarlyResolution. By providing mortgage default decisioning tools for LOGS’ large attorney network, we can help more people avoid foreclosure.”

CSC’s EarlyResolution is a leading consumer lending default management solution offered in a software-as-a-service environment. In use by five of the top 10 mortgage servicers, EarlyResolution helps servicers find effective solutions when borrowers are in default, lower collection costs associated with defaults and enable more borrowers to keep their homes when facing potential foreclosure.-CSC