New services for mortgage risk management are now available from Houston-based Stewart Lender Services, the company announced this week, allowing for better analysis of mortgage loans and other debt.
SLS president Jason Nadeau said the company's partnership with Inglet Blair LLC enabled it to offer a new type of service.
"What we are offering is part of the next wave of mortgage lending services. It enables Stewart to continue to provide a full breadth of services for our mortgage lender and servicer customers throughout the lifecycle of a loan," he said.
In addition to data capture and risk analysis features – which are now web-based, and able to accommodate integration with third-party applications – SLS can also provide expert human analysis to help weed out bad repurchase applications and save clients money directly.
Experts say this and other recent moves to provide better analytical services may be a direct outgrowth of the housing crisis, which saw mortgages extended to those who might not have been sufficiently qualified. This resulted in a large number of defaults which are still being dealt with today.