America's Largest Social Network for Default Real Estate Professionals
This group is to discuss Fannie Mae outsourcers preferred invoice management company LPS. This group is also to share your experiences with LPS and to help each other stay up to date on their requirements and use of the system.
Latest Activity: Apr 20
Information is according to LPS invoice managements website.
|Take me to Register...|
|Sign in to Invoice Management. (existing users only)|
LPS Desktop Invoice Management is proud to announce our partnership with the mortgage industry to provide the only electronic invoicing solution for all of your REO invoicing needs.
Invoice Management is the de facto industry standard business-to-business (B2B) electronic bill presentment solution in the mortgage industry. Fifteen of the top 20 prime Servicers (75%) and 16 of the top 20 sub-prime Servicers (80%) use Invoice Management to process their B2B invoices. We currently process over 250,000 invoices each month (3 million + invoices annually - over $140M in value) on behalf of our 9,000 vendors, 20,000+ online users and 50+ mortgage servicing clients.
For many years, we have supported the mortgage default industry with over 20 invoice types including Foreclosures, Bankruptcies, Property Preservations, Evictions, Valuations, and Property Inspections. We have just begun to offer our services to the mortgage default industry for REO Broker related services.
With Invoice Management, you do not need any special software. Invoice Management is an internet based (thin client) solution and only requires an acceptable internet browser. After you have subscribed to our service, we will provide training to you and your staff on how to use Invoice Management. Then, all you will need to do is log into our website to create your invoices and submit them to your mortgage servicer or outsourcer client, such as Fidelity National Asset Management Solutions, for immediate approval and processing for payment.
As a Broker, what will Invoice Management do for me?
Many servicers check our online registry regularly to see what brokers in a particular area or part of the country are registered to use Invoice Management. Although we cannot guarantee any new business, many of our vendors have stated they have received a growth in business due to the visibility we afford them in the market place.
Some of the many benefits Invoice Management vendors enjoy include:
1. Immediate delivery of your electronic invoice when it has been created, thus being immediately available for approval action.
It is easy to get mixed up with what branch of LPS you are looking at. You will notice there are multiple websites for LPS. The first was the BPO side of LPS with LSI. Transforming How Mortgage…Continue
I've received a new asset from a new servicer who uses LPS. I need to submit some invoices, but they're not yet listed in My Servicers tab. Do I have to add them, have LPS add the new servicer, or…Continue