With the financial services industry in the middle of a credit crisis, there has been a significant increase in the volume of delinquent loans. To avoid foreclosures, lenders are likely offering loan modifications to resolve these non-performing assets. However, the loan modification process takes much longer to resolve than typical lending transactions.

Pyramid Solutions addresses the labor-intensive loan modification process with our Loss Mitigation for Mortgage solution. Leveraging industry-leading technology from IBM, Pyramid enables better and faster decisions by providing organizations with a 360° view of the process.

Pyramid’s Loss Mitigation for Mortgage:

• Enables rapid and accurate decisions by providing users with all related documents, decisions, worksheets and relevant data
• Controls the quality of new employee training by embedding best practices in the process
• Actively routes work between the right staff in the process
• Reduces administrative time by automatically matching submitted customer documents to active loan modifications
• Allows work to be prioritized dynamically as business priorities change
• Monitors key performance metrics and alerts Management of deviations, enabling agile decision making
• Provides complete visibility into the process to ensure closed-loop continuous improvement

Pyramid Solutions helps financial services organizations achieve increased profitability through quicker loss mitigation resolution and improved customer service. To learn more about our Loss Mitigation for Mortgage solution, please contact Pyramid today.