UnitedTech Lender Services Acquires Assets of LandAmerica OneStop - to Include Mortgage Servicing Application BackInTheBlack(R)

PR Newswire

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ORANGE COUNTY, Calif., Oct. 20 /PRNewswire/ -- UnitedTech Lender Services (UTLS) has purchased assets of LandAmerica OneStop, which includes the Default Services division (formerly known as LandAmerica Default Services Company) and BackInTheBlack ®, the industry's most comprehensive end-to-end default servicing technology platform. These former LandAmerica business units are now known as UTLS Default Services and UTLS BackInTheBlack.

"With proven client focused methodologies in place, we will quickly build on the foundation of providing innovative and superior business solutions to our clients," states Tim Walsh, President, UTLS. Walsh adds, "Our default management clients are increasingly challenged with delinquencies and foreclosures, as well as the increased focus on regulatory compliance and loss mitigation. Blending the service capabilities with the BackInTheBlack technology enables UTLS to offer the mortgage industry the best and most integrated default and technology servicing solutions in the marketplace."

About UnitedTech Lender Services Inc.

UnitedTech Lender Services Inc. is the holding company to emerging lender service companies, UTLS Default Services and UTLS BackInTheBlack. The UTLS companies provide end-to-end products and services to lenders and servicers across the U.S., and continue to expand their client base with offices in Irvine, Pittsburgh and Baltimore.

About our Technology

UTLS provides web-based business solutions for the mortgage servicing industry. By implementing BackInTheBlack®, the industry's first fully functional, loss mitigation solution native to the internet, UTLS assists mortgage servicers reduce servicing costs, increase productivity, and manage compliance risk. As a value-added services provider, UTLS enables its clients to leverage tier-one business applications, powerful corporate computing solutions, and the latest database and internet technologies without prohibitive in-house technology costs. UTLS's "hosted" delivery model relieves clients from the difficulty of upgrading and managing new technology with in-house IT staff.

Website: www.unitedtechls.com

Stephen Weaver Laura Marsh General Counsel Vice President, Marketing Phone: (949) 885-4500 Phone: (949) 885-4500 sweaver@unitedtechls.com lmarsh@unitedtechls.com SOURCE UnitedTech Lender Services Inc.

2009-10-20 13:11:00