RICHMOND, VA -- New Solution Also Recommends Actions for Reducing Portfolio Losses LandAmerica Financial Group, Inc. (NYSE:LFG), announces the release of eZLoan Optimizer, a new solution helping mortgage lenders and servicers identify loans with existing or potential problems, and providing specific actions to be taken to minimize losses in their loan portfolios.
eZLoan Optimizer gives mortgage lenders and servicers a fully automated process for analyzing 100 percent of their mortgage loan portfolios. Unlike other loan analytical products, eZLoan Optimizer thoroughly reviews and analyzes mortgage origination and servicing information based on more than 400 attributes. Once this exhaustive analysis is complete, a mortgage lender or servicer receives a forecast of future loan portfolio performance, identification of individual loans with greatest potential for loss and recommendations for mitigating losses. eZLoan Optimizer incorporates current programs committed to minimizing foreclosures such as ASF, FHASecure and HOPE NOW rules.
"Instead of our customers spending unproductive time looking for loans that need actions, they can use eZLoan Optimizer to identify and prioritize problem mortgages as well as receive specific pre-defined action steps," said Al Will, Executive Vice President - LandAmerica(R) Residential Services. "This unique solution empowers our customers to focus on managing their servicing operations more effectively and taking the necessary steps to minimize financial losses."
For more information about eZLoss Optimizer, contact Cheryl Johnson, Vice President - Product development, at (517) 266-6331 or cheryljohnson@landam.com.
About LandAmerica Financial Group, Inc.
LandAmerica Financial Group, Inc. is a leading provider of real estate transaction services with over 650 offices and a network of more than 8,500 active agents. LandAmerica serves agent, residential, commercial and lender customers throughout the United States, Mexico, Canada, the Caribbean, Latin America, Europe and Asia. LandAmerica has been ranked Number One in the Mortgage Services Industry on Fortune (R) 2007 and 2008 lists of America's Most Admired Companies.
First Call Analyst:
FCMN Contact: patriciajones@landam.com
Source: LandAmerica Financial Group, Inc.
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| Notes:
CONTACT: Pamela Pastor, Investor Relations Specialist, +1-804-267-8043,
ppastor@landam.com, or Peter Habenicht, VP - Corporate Communications,
+1-804-267-8723, phabenicht@landam.com
Web site: http://www.landam.com/
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