Welcome!

News Feed Item

CSC and eMason Announce End-to-End Consumer Lending Default Management Solution

Offering Consolidates Activities Onto Single Platform for Efficiency, Ease of Use

EL SEGUNDO, Calif., Feb. 21 /PRNewswire/ -- Computer Sciences Corporation today announced a strategic agreement with eMason Inc. for the integration of eMason's Clarifire Web-based process application with CSC's EarlyResolution collections and loss mitigation fulfillment product. Together, the companies offer the consumer lending industry an end-to-end default management solution on a common business platform. The announcement was made at the Mortgage Bankers Association National Mortgage Servicing Conference in San Diego, Calif.

The agreement provides CSC clients using EarlyResolution's default work- out decision engine with direct access to eMason's Clarifire foreclosure and bankruptcy process automation software. EarlyResolution has proven its ability to significantly reduce credit loss exposure by effectively addressing loan issues early in the delinquency timeline. Clarifire streamlines the interaction between servicers, attorneys, property preservation teams and others, automates manual processes and provides real-time dashboard reporting. The solution is designed to dramatically improve orchestration of collections, loss mitigation and foreclosure/bankruptcy activities, while decreasing overall cycle times, reducing labor costs and increasing end-user acceptance.

"We are very pleased to announce this agreement," said Kevin Schlumpf, managing director of CSC's EarlyResolution group. "By connecting EarlyResolution and Clarifire, we offer the industry an end-to-end default management solution simultaneously accessible to all parties on a single platform. Attorneys and many other third-party default service providers will now have direct access to industry-leading, Web-based tools and an automated process that results in greatly expedited response times."

"For the first time, the industry can capture and manage all default processes and close the gaps between technologies, vendors, borrowers and fulfillment of resolutions in one centralized place," said Jane Mason, president of eMason. "Early Resolution automatically launching processes in Clarifire provides a solution that creates quick and measurable results."

CSC's EarlyResolution is a leading default management solution, created in 2000 by Freddie Mac and a consortium of banks to help mortgage servicers find effective solutions when borrowers are in default, lower collection costs associated with defaults and enable more borrowers to keep their homes when facing potential foreclosure. Acquired by CSC in 2003, and since enhanced to offer workflow capabilities that support the loss mitigation process, EarlyResolution is used by five of the top 10 loan servicers.

Clarifire is eMason's easy-to-use application that allows executives, business analysts and other authorized users to create and change business processes in real time without programmers. For the first time, the business can manage and change the technology. Flexibility to create new processes and products on the fly as market conditions change enables enterprises to move quickly, in real time, to competitive superiority.

About eMason

With a heritage in legal and professional organizations, eMason is dedicated to improving business processes and corporate performance. We provide process centric solutions and workflow management that can be automated in all environments. Our company identifies opportunities that generate competitive advantage, then implements automated applications that promote knowledge sharing, supply chain collaboration, and real-time process improvement and management. eMason's web based solutions are utilized for knowledge management, professional services automation, relationship management and business process automation. Companies the world over face a common dilemma -- how to keep business process costs low while increasing the value of their client services and meet the needs of a dynamic marketplace. With advances in software and Web technology, the promise of automated business process management has become a reality with eMason.

About CSC

Computer Sciences Corporation is a leading global information technology (IT) services company. CSC's mission is to provide customers in industry and government with solutions crafted to meet their specific challenges and enable them to profit from the advanced use of technology.

With approximately 77,000 employees, CSC provides innovative solutions for customers around the world by applying leading technologies and CSC's own advanced capabilities. These include systems design and integration; IT and business process outsourcing; applications software development; Web and application hosting; and management consulting. Headquartered in El Segundo, Calif., CSC reported revenue of $14.7 billion for the 12 months ended Dec. 29, 2006. For more information, visit the company's Web site at http://www.csc.com/.

Computer Sciences Corporation

CONTACT: Janet Herin, Manager, Media Relations of CSC - Corporate,
+1-310-615-1693, [email protected], or Jane Mason, President of eMason,
+1-866-222-3370, [email protected]

Web site: http://www.csc.com/

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
One of the biggest challenges with adopting a DevOps mentality is: new applications are easily adapted to cloud-native, microservice-based, or containerized architectures - they can be built for them - but old applications need complex refactoring. On the other hand, these new technologies can require relearning or adapting new, oftentimes more complex, methodologies and tools to be ready for production. In his general session at @DevOpsSummit at 20th Cloud Expo, Chris Brown, Solutions Marketi...
At the keynote this morning we spoke about the value proposition of Nutanix, of having a DevOps culture and a mindset, and the business outcomes of achieving agility and scale, which everybody here is trying to accomplish," noted Mark Lavi, DevOps Solution Architect at Nutanix, in this SYS-CON.tv interview at @DevOpsSummit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
I think DevOps is now a rambunctious teenager - it's starting to get a mind of its own, wanting to get its own things but it still needs some adult supervision," explained Thomas Hooker, VP of marketing at CollabNet, in this SYS-CON.tv interview at DevOps Summit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
Enterprises are moving to the cloud faster than most of us in security expected. CIOs are going from 0 to 100 in cloud adoption and leaving security teams in the dust. Once cloud is part of an enterprise stack, it’s unclear who has responsibility for the protection of applications, services, and data. When cloud breaches occur, whether active compromise or a publicly accessible database, the blame must fall on both service providers and users. In his session at 21st Cloud Expo, Ben Johnson, C...
In this presentation, you will learn first hand what works and what doesn't while architecting and deploying OpenStack. Some of the topics will include:- best practices for creating repeatable deployments of OpenStack- multi-site considerations- how to customize OpenStack to integrate with your existing systems and security best practices.
"MobiDev is a software development company and we do complex, custom software development for everybody from entrepreneurs to large enterprises," explained Alan Winters, U.S. Head of Business Development at MobiDev, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Agile has finally jumped the technology shark, expanding outside the software world. Enterprises are now increasingly adopting Agile practices across their organizations in order to successfully navigate the disruptive waters that threaten to drown them. In our quest for establishing change as a core competency in our organizations, this business-centric notion of Agile is an essential component of Agile Digital Transformation. In the years since the publication of the Agile Manifesto, the conn...
Major trends and emerging technologies – from virtual reality and IoT, to Big Data and algorithms – are helping organizations innovate in the digital era. However, to create real business value, IT must think beyond the ‘what’ of digital transformation to the ‘how’ to harness emerging trends, innovation and disruption. Architecture is the key that underpins and ties all these efforts together. In the digital age, it’s important to invest in architecture, extend the enterprise footprint to the cl...
Leading companies, from the Global Fortune 500 to the smallest companies, are adopting hybrid cloud as the path to business advantage. Hybrid cloud depends on cloud services and on-premises infrastructure working in unison. Successful implementations require new levels of data mobility, enabled by an automated and seamless flow across on-premises and cloud resources. In his general session at 21st Cloud Expo, Greg Tevis, an IBM Storage Software Technical Strategist and Customer Solution Architec...
"We work around really protecting the confidentiality of information, and by doing so we've developed implementations of encryption through a patented process that is known as superencipherment," explained Richard Blech, CEO of Secure Channels Inc., in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at Cloud Expo, Ed Featherston, a director and senior enterprise architect at Collaborative Consulting, discussed the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
"We were founded in 2003 and the way we were founded was about good backup and good disaster recovery for our clients, and for the last 20 years we've been pretty consistent with that," noted Marc Malafronte, Territory Manager at StorageCraft, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
Effectively SMBs and government programs must address compounded regulatory compliance requirements. The most recent are Controlled Unclassified Information and the EU's GDPR have Board Level implications. Managing sensitive data protection will likely result in acquisition criteria, demonstration requests and new requirements. Developers, as part of the pre-planning process and the associated supply chain, could benefit from updating their code libraries and design by incorporating changes. In...
Two weeks ago (November 3-5), I attended the Cloud Expo Silicon Valley as a speaker, where I presented on the security and privacy due diligence requirements for cloud solutions. Cloud security is a topical issue for every CIO, CISO, and technology buyer. Decision-makers are always looking for insights on how to mitigate the security risks of implementing and using cloud solutions. Based on the presentation topics covered at the conference, as well as the general discussions heard between sessio...
IoT is rapidly becoming mainstream as more and more investments are made into the platforms and technology. As this movement continues to expand and gain momentum it creates a massive wall of noise that can be difficult to sift through. Unfortunately, this inevitably makes IoT less approachable for people to get started with and can hamper efforts to integrate this key technology into your own portfolio. There are so many connected products already in place today with many hundreds more on the h...