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Applied Business Software Inc. (”ABS”), developer of The Mortgage Office(TM), the leading loan servicing software solution for the lending industry, and Reliable Trust Deed Services (”RTDS”), a foreclosure trustee dedicated to providing the most efficient, timely and personal service in the industry, announced today that they have partnered.
No one would argue that the mortgage services industry lacks state-of-the-art analytics tools. From automated underwriting software used in loan origination to the statistical modeling programs that value mortgage-backed securities, analytics played a central role in keeping the recent housing boom alive. How ironic that those tools didn't assess
A little-noticed tool of automated underwriting software helped fuel the recent subprime mortgage boom.
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